更新：更新：IntoTheBlock已正式更名为Sentora！在与Trident Digital合并后，我们将开始构建下一阶段的机构去中心化金融。敬请关注我们将在Risk Radar和Risk Pulse等产品中推出的新品牌。请在此阅读完整的合并公告。
欢迎来到

去中心化金融

***更新****：更新：IntoTheBlock正式更名为Sentora！在与Trident Digital合并后，我们准备构建机构去中心化金融的下一个阶段。请关注我们在Risk Radar和Risk Pulse等产品中推出新品牌的动态。阅读完整的合并公告* *在这里**。

![](https://img.gateio.im/social/moments-30f4f8898f04afcebc17e975ac168e5b)**欢迎来到加密风险评估，这是您快速理解和导航加密及去中心化金融市场风险的简明资源。每期都提供关键风险因素和来自Sentora去中心化金融风险平台的可操作见解的快照。**

### **TL;博士：**

* 高风险贷款激增，超过 **$1B 增加**
* 稳定币可用流动性 **下降超过13%**
* 新的Aave市场针对Pendle资产已吸引了8亿美元的流入，但持有者应注意流动性风险
* 我们帮助您了解如何使用Sentora的风险脉动
* LRT 净流入量持续增长，表明在削减更新后对 EigenLayer 的信心

![](http://img.gateio.im/social/moments-4f14b277cde629c6be6dfc7f6b95b971019283746574839201) 风险脉搏与雷达亮点

**看涨情绪 => 稳定币需求增加**

![]###http://img.gateio.im/social/moments-1a93efb9337b9066ffa8295c8bbcb6af019283746574839201 
Sentora风险脉搏随着看涨情绪的回归，**ETH和BTC的价格在过去一周分别上涨了37%和9%**，杠杆头寸正在涌入市场。用户正在借入所有可用的稳定币，以杠杆他们的头寸，试图捕捉价格的上涨。这当然意味着市场中增加的风险正在累积，杠杆头寸的用户应该对此进行监控。

* 稳定币的可用流动性在过去两周内**下降了13%**
* 高风险贷款(在清算阈值的5%以内)已**增加超过10亿美元**
* 借用稳定币进行策略的用户应密切关注借款利率的上涨以及它们对自己头寸的影响

**重复脱钩 (reUSD)**

![](http://img.gateio.im/social/moments-c90f17957969a853ac6d1ce70f2df394) 
在风险脉搏动态中频繁出现的警报是 reUSD 在其 Curve 流动池中的脱钩警报。进一步探讨 Curve 风险雷达指标显示，该资产经历的脱钩通常持续不到 10 小时。虽然这表明恢复 reUSD 锚定机制的运作正常，但持续超过一小时的脱钩对于用户在部署策略时监控至关重要，因为这对于防止在执行过程中因市场环境不佳而导致的即时损失至关重要。

![](http://img.gateio.im/social/moments-e0790e10d2b5dc723b6e2a6be729f45a) 
曲线风险雷达！[](http://img.gateio.im/social/moments-728cfe712c061a2fd6ba59dd7ba09453019283746574839201 
* reUSD池的总锁仓价值(TVL)相对较大，年化收益率(APR)高，这使得流动性提供者(LP)策略对用户具有吸引力
* 然而，在去中心化的情况下进入或退出这些池子可能会导致因损失而抵消来自池奖励的所有回报
* 随着TVL的下降，跟踪流动性变得重要，由于潜在的脱钩，损失可能会根据其份额加剧。

) 当前事件风险

**Pendle Pools 的杰出原则代币**

![](http://img.gateio.im/social/moments-33a70c8b925691d7e4ddadf9b117dedb019283746574839201 
Aave风险脉搏* Pendle本金代币)PT###在Aave v3上推出的池子取得了巨大的成功，**超过$800M的供应**流入这两个市场。
* 然而，越来越大的风险是，Pendle上流动性池外的PT数量可能导致用户无法将其PT兑换回基础资产的事件

![](http://img.gateio.im/social/moments-54c3a90dd1d627fc6ed8837f05b0662d) 
Etherscan* 在截图中，我们看到Pendle池中有12M PT可以交换回基础资产
* Pendle 的链下订单簿中还有大约 1200 万，PT 的流动性总计约 2400 万
* 然而我们可以看到，仅在持有量最大的两个合约(Aave和Morpho)中，几乎有380M的PT
* 如果发生大量用户同时尝试平仓的事件，将会出现流动性短缺
* 随着卖压增加，PT的价格将下跌，可能会使用户在提前退出PT时面临清算或损失。

**Boyco 解锁 第二部分：解锁事件**

![](http://img.gateio.im/social/moments-61f5d95a3957e503c61a4331461828e0) 
**来源：** * 5月6日，Boyco金库在Berachain上解锁，但许多金库的提款延迟。
* 目前的影响已显现，超过 **$20亿的TVL流出**
* 如之前的Pulse所述，策略容量、年利率和组装/拆卸成本将具有高度波动性，这可能会影响策略的整体回报

![](http://img.gateio.im/social/moments-5044bfe0182a367232ad421170caed53019283746574839201 
LBTCweETH * 这种波动可以在一些资产中看到，例如LBTC和weETH，它们在Boyco金库中拥有大量的TVL。
* 虽然随着金库的解除，这种挂钩波动性可能会减弱，但它增加了额外的风险，用户在进出仓位时应当注意。

) 特性：风险脉搏

作为Sentora的新风险产品之一，风险脉搏是一个旨在帮助用户随时了解整个去中心化金融生态系统风险的工具。很少有去中心化金融策略将风险仅局限于一个协议和资产，因此用户必须掌握与其持仓相关的所有协议和资产的风险信息。风险脉搏旨在成为更大风险管理策略的前沿，通过提醒用户可能影响其部署的事件。

下面我们强调了一些去中心化金融用户可以利用风险脉搏的方法。

**发现**

*新池子*

![](http://img.gateio.im/social/moments-7c61c92a6b9c77947292284b55fc4303) 
Aave Risk Pulse* ATH通知可以提醒您在借贷和去中心化金融协议中的新市场
* 这可以帮助用户快速识别新的策略或新的风险敞口，以改善投资组合再平衡

**曝光**

*借款利率飙升和锁定供应*

![](http://img.gateio.im/social/moments-85d1bbbc438e5e5fe1560b04eb513b60019283746574839201 
Euler Risk Pulse* 大量可用流动性变化可以提醒用户潜在的利率激增，这会影响杠杆策略
* 对于借贷方来说，可用流动性下降25%可能意味着退出其提供给该池的资产的窗口变得更紧。

保持信息畅通，明智地管理风险，并保持流动性

*免责声明：本通讯仅供参考，不应视为财务建议。*

![])http://img.gateio.im/social/moments-b4c2939b0697f61535e0218fc60b9608### 




---

Pulse：加密风险评估最初在Sentora上发布于Medium，大家正在通过突出和回应这个故事来继续讨论。

Update: Update: IntoTheBlock has officially become Sentora! Following our merger with Trident Digital, we’re set to build the next phase of institutional DeFi. Stay tuned as we roll out our new brand across products like Risk Radar and Risk Pulse. Read the full merger announcement here.
Welcome to

***Update****: Update: IntoTheBlock has officially become Sentora! Following our merger with Trident Digital, we’re set to build the next phase of institutional DeFi. Stay tuned as we roll out our new brand across products like Risk Radar and Risk Pulse. Read the full merger announcement* *here**.*

![](https://img.gateio.im/social/moments-30f4f8898f04afcebc17e975ac168e5b)**Welcome to Crypto Risk Review, your concise and clear resource for quickly understanding and navigating crypto and DeFi market risks. Each edition provides a snapshot of critical risk factors and actionable insights derived from Sentora’s DeFi Risk platforms.**

### **TL;DR:**

* High risk loans surge with over **$1B increase**
* Available Liquidity for stables **drops by more than 13%**
* New Aave Markets for Pendle assets have seen $800M in inflows but holders should be aware of liquidity risks
* We Help You Understand How To Use Sentora’s Risk Pulse
* LRT netflows continue to grow, indicating confidence in EigenLayer post slash updates

![](https://img.gateio.im/social/moments-4f14b277cde629c6be6dfc7f6b95b971)### Risk Pulse and Radar Highlights

**Bullish Sentiment => Increased Stablecoin Demand**

![](https://img.gateio.im/social/moments-1a93efb9337b9066ffa8295c8bbcb6af)  
Sentora Risk PulseWith bullish sentiment returning and the **prices of ETH and BTC pumping 37% and 9%** respectively in the last week, leveraged positions have been flooding into the market. Users are borrowing all available stablecoins across all lending markets to leverage their positions to try and capture the upswing in prices. This of course means that increased risk is accumulating in the market and should be monitored by users in leveraged positions.

* Available liquidity for stables has **dropped 13% in the last two weeks**
* High-risk loans (within 5% of liquidation threshold) have **increased by over $1B**
* Users that are borrowing stables for strategies should monitor closely the increases in borrow rates and how they affect their positions

**Recurring Depegs (reUSD)**

![](https://img.gateio.im/social/moments-c90f17957969a853ac6d1ce70f2df394)  
An alert that has been popping up frequently in the Risk Pulse feed is the depeg alert of reUSD across its Curve pools. Exploring the Curve Risk Radar indicators further shows that the asset experiences regular depegs that usually last less than 10 hours. While this does indicate that the mechanisms in place to restore the reUSD peg are working, depegs that last for over an hour are important for users to monitor when deploying strategies, as it is key to prevent immediate losses from poor market environment during the execution.

![](https://img.gateio.im/social/moments-e0790e10d2b5dc723b6e2a6be729f45a)  
Curve Risk Radar![](https://img.gateio.im/social/moments-728cfe712c061a2fd6ba59dd7ba09453)  
* reUSD pools have decent sized TVL and high APRs that can make the LP strategies attractive for users
* However entering or exiting these pools during a depeg can result in offsetting all returns from pool rewards due to losses
* Tracking liquidity is important as TVL trends down, losses due to a potential depeg can be exacerbated based on the share of the

### Current Event Risks

**Outstanding Principle Tokens from Pendle Pools**

![](https://img.gateio.im/social/moments-33a70c8b925691d7e4ddadf9b117dedb)  
Aave Risk Pulse* The launch of Pendle Principal Token (PT) pools on Aave v3 has been a tremendous success with **over $800M in supplies** coming into the two markets
* However there is a growing risk that the amount of PTs outside of the liquidity pool on Pendle can result in an event where users have no liquidity to swap their PTs back to the underlying asset

![](https://img.gateio.im/social/moments-54c3a90dd1d627fc6ed8837f05b0662d)  
Etherscan* In the screenshot we see that there is 12M PT in the Pendle pool that can be swapped back to the underlying asset
* There is an additional ~12M in Pendle’s off-chain orderbook, amounting to ~24M in PT liquidity
* However we can see that in just the two contracts with the largest holdings (Aave and Morpho) there is almost 380M in PT
* If an event occurs where large numbers of users are trying to unwind their positions at once, there will be a shortfall in liquidity
* As selling pressure increases the prices of the PT will drop, potentially exposing users to liquidations or losses if they exit the PT early

**Boyco Unlocks Pt. 2: The Unlockening**

![](https://img.gateio.im/social/moments-61f5d95a3957e503c61a4331461828e0)  
**Source:** * On May 6, Boyco vaults unlocked on Berachain but many vaults had withdrawal delays
* The full impact is now being realized with over **$2B in TVL outflows**
* As stated in the previous Pulse, strategy capacities, APRs, and costs to assemble/disassemble will have high volatility which can impact a strategies overall returns

![](https://img.gateio.im/social/moments-5044bfe0182a367232ad421170caed53)  
LBTCweETH * This volatility can be seen in some of the assets such as LBTC and weETH that had large amounts of TVL in Boyco vaults
* While this peg volatility will likely subside as the vaults unwind, it adds an extra risk that users looking to enter or exit a position should monitor

### Feature: Risk Pulse

As one of Sentora’s new risk products, the Risk Pulse is a tool meant to help users stay up to date on risks across the entire DeFi ecosystem. It is rare to have a DeFi strategy that has risk isolated to only one protocol and asset, therefore it is key for users to have risk information on all the protocols and assets that their position touches. The Risk Pulse is designed to be the leading edge of a larger risk management strategy by alerting users to potential events that can impact their deployments.

Below we highlight some of the ways in which the Risk Pulse can be utilized by DeFi users.

**Discovery**

*New Pools*

![](https://img.gateio.im/social/moments-7c61c92a6b9c77947292284b55fc4303)  
Aave Risk Pulse* ATH notifications can alert you to new markets in lending and DEX protocols
* This can help users quickly identify new strategies or new risk exposures to improve portfolio rebalancing

**Exposure**

*Borrow Rate Spikes and Locked Supply*

![](https://img.gateio.im/social/moments-85d1bbbc438e5e5fe1560b04eb513b60)  
Euler Risk Pulse* Large available liquidity changes can alert users to potential rate spikes that affect leverage strategies
* For lenders a 25% drop in available liquidity can indicate a tighter window for exiting their assets supplied to that pool

Stay informed, manage risks wisely, and stay liquid

*Disclaimer: This newsletter is for informational purposes only and should not be considered financial advice.*

![](https://img.gateio.im/social/moments-b4c2939b0697f61535e0218fc60b9608)  




---

The Pulse: Crypto Risk Review was originally published in Sentora on Medium, where people are continuing the conversation by highlighting and responding to this story.

The Pulse: Crypto Risk Review

脉搏：加密货币风险评估

金融巨头非洲峰会，FMAS:25，将于5月29日和30日首次在开普敦举行。此次活动将邀请顶级行业品牌和专业人士，提供网络交流机会、专家见解，以及在一家受欢迎的夜总会举行的闭幕派对。FMAS:25专注于教育和赋能，旨在提升非洲的在线交易行业。

**新闻稿**

**开普敦首次准备主办FMAS:25**

在5月29日和30日，金融巨头非洲峰会，这个非洲在线交易行业最大的盛会，将欢迎众多领先品牌和代表齐聚开普敦国际会议中心(CTICC)。

峰会的新地点是一个战略性举措，加强了Finance Magnates推动行业向前发展的承诺。作为南非的金融中心，开普敦提供了理想的场所来举办这一著名活动。凭借更大规模的受众，FMAS:25不仅将吸引更多的专业人士，还将吸引最有声望的专业人士。

随着活动准备进入最后阶段，顶级经纪商、金融科技、支付科技、介绍经纪人、合作伙伴、交易员等正准备好迎接为期两天的网络交流，提升他们的专业知识，并从Exness、XM、FP Markets等信誉良好的服务提供商那里寻找完美的解决方案。通过与在线交易行业的各个部门建立联系，您将能够接触到提供在繁忙市场中成长所需解决方案的决策者。

FMAS:25 提供的各种优势中，最显著的好处之一是其致力于为专业人士提供教育机会和见解。与会者可以探索多种专家小组，这些小组提供深入的分析和成功案例，专家包括南非 Scope Markets 的首席执行官 Robert Van Eyden 和 Exness 的高级金融市场策略师 Terence Hove，整个活动持续 2 天。

FMAS：25 还将举办一场备受期待的社交活动——在开普敦的 HALO 夜总会举行官方闭幕派对。HALO 以该市最热门的场所之一而闻名，它带来了一丝电能与美丽的装饰完美融合。该活动是与行业专家会面的独家机会，同时在开普敦最具标志性的夜总会之一喝一杯。该派对是与行业专家一起品尝鸡尾酒的绝佳机会。

在峰会上，享有声誉的获奖品牌展示了他们的服务，FMAS:25正式成为非洲最大规模的峰会，售出了创纪录数量的展位。该峰会提升了开普敦和南非作为优质金融科技平台的地位，提供了免费的网络和学习机会。

这是您探索非洲最大交易峰会所提供的所有产品的机会。亲身体验FMAS:25如何塑造行业格局，建设一个当地企业和个人可以繁荣发展的生态系统。这是一个其他活动无法比拟的规模和质量的不可错过的体验。现在就注册吧！

The Finance Magnates Africa Summit, FMAS:25, is coming to Cape Town on May 29th & 30th for the first time. The event will host top industry brands and professionals, offering networking opportunities, expert insights, and a closing party at a popular nightclub. With a focus on education and empowerment, FMAS:25 aims to elevate the online trading industry in Africa.

**Press Release**

**Cape Town prepares to host FMAS:25 for the first time** 

On the 29th & 30th of May, Finance Magnates Africa Summit, the biggest event in Africa in the online trading industry, will welcome the largest array of leading brands and representatives to Cape Town International Convention Centre (CTICC).

The summit’s new location is a strategic move reinforcing Finance Magnates’ commitment to driving the industry forward as powerfully as possible. As the financial hub of South Africa, Cape Town offers the ideal setting to host the renowned event. With access to a larger scale of audience, FMAS:25 will not only attract a higher number of professionals, but the most reputable ones as well.

As preparations for the event reach their final stages, top-tier brokers, fintechs, paytechs, IBs, affiliates, traders and more, are gearing up for 2 days of networking, enhancing their expertise, and finding the perfect solutions from reputable service providers such as Exness, XM, FP Markets and many more. By connecting with all the sectors of the online trading industry, you’ll have access to decision-makers offering the necessary solutions needed to grow within a bustling market.

Among the various advantages that FMAS:25 offers, one of the most notable benefits is its dedication to empowering professionals with educational opportunities and insights. Attendees can explore a variety of expert panels providing in-depth analysis and success stories led by experts such as Robert Van Eyden, CEO of Scope Markets South Africa, and Terence Hove, Senior Financial Markets Strategist at Exness, over the course of 2 days.

FMAS:25 will also have a highly anticipated networking event - an Official Closing Party at HALO Nightclub in Cape Town. Famous for being one of the hottest venues in the city, HALO brings a touch of electric energy blended perfectly with beautiful decor. The event is an exclusive opportunity to meet industry experts while having a drink at one of the most iconic nightclubs in Cape Town. The party is a perfect opportunity to meet industry experts over some cocktails.

With reputable, award-winning brands exhibiting their services at the summit, FMAS:25 is officially the largest summit of its kind in Africa after having sold out a record number of booths. The summit elevates the status of both Cape Town and South Africa as a premium fintech platform, providing both networking and learning opportunities free of charge.

This is your chance to explore all the offerings that Africa’s largest trading summit has to offer. Experience firsthand how FMAS:25 is shaping the industry’s landscape and building an ecosystem where local businesses and individuals can prosper. It’s an unmissable experience that no other event could possibly match in scale or quality. Register now!

Bitcoin Insider

脉搏：加密货币风险评估

非洲最大的贸易峰会仅在3周后！