Altura's treasury has entered an 'orderly liquidation' phase, primarily due to a spike in redemption requests within 24 hours. The platform has successfully executed instant redemptions of over 8.5 million USDT.
It's important to note that the team has opted to first close out positions in the exchange, private credit, and RWA strategies, and then return user funds according to the underlying asset's repayment schedule. This kind of event serves as a reminder: on-chain yield products should not only be evaluated by APY, but also by liquidity structure, redemption cycles, and transparency of underlying assets.
In the short term, we should keep an eye on whether the subsequent redemption progress is on track as planned. #Altura #RWA
It's important to note that the team has opted to first close out positions in the exchange, private credit, and RWA strategies, and then return user funds according to the underlying asset's repayment schedule. This kind of event serves as a reminder: on-chain yield products should not only be evaluated by APY, but also by liquidity structure, redemption cycles, and transparency of underlying assets.
In the short term, we should keep an eye on whether the subsequent redemption progress is on track as planned. #Altura #RWA