For Liquidity Providers
When using IPOR Fusion as an LP, there are a couple of things you should keep in mind when selecting a vault:
Who is the Plasma Vault's Atomist?
IPOR Fusion is a platform that allows multiple Atomists to run their strategies and allow others to participate in profits. When selecting the Vault, apart from APRs you may want to consider who is "behind the wheel" of the vault. This can be found on the web app interface under the "Atomist" section.
What type of withdrawal method does the Plasma Vault employ?
It may not be possible in the case of certain strategies, such as leveraged looping or staking, to move assets quickly or cost-effectively. Depending on the vault's strategy, the Atomist may allow for instant or scheduled withdrawals. This will be important for you if you look to move your liquidity quickly and you don't want to wait for the Vault to make the funds available to you. Instant withdrawal means that as soon as you redeem your share tokens underlying asset will be transferred to your address. Scheduled withdrawal is a 2-step process: first, you request a withdrawal and you redeem shares in the second step. The vault administrator has a certain time (that you can find in the vault's detail page) to prepare assets to fulfill your claim.
What strategy is the Plasma Vault implementing?
One of the most important things you may want to check is what sort of strategy is the Vault implementing. The easiest way to check the strategy is to look at the list of connected fuses and types of widgets available to the Vault's administrator - Alpha.
Is the Plasma Vault using verified fuses?
The crucial step is to check if the Vault is not using unauthorized fuses. Fusion allows a variety of fuses to be connected, however, some of those fuses may be built by 3rd parties and require additional verification. The IPOR DAO keeps a record of what fuses have been verified, tested, and audited. The web app will flag vaults using unverified fuses, but it's always a good practice, to verify the fuses with the whitelist that can be found here; XXXXXXXX
What is the timelock for the changes?
Although the vaults themselves are not upgradable, many of the settings can be modified by the Atomist. Every change is subject to a minimum timelock set during the creation of the Vault. The minimum timelock value will tell you how much time you would have from the moment when the Atomist proposes a change to the vault's settings (such as changing fuse configuration) and the time when this proposal will be set into motion.
Is there a notification system provided by the Atomist?
IPOR Fusion by itself does not provide any type of notification system when the changes to the vault are proposed. Therefore it's helpful if the Atomist provides a communication channel that you can use to learn about those changes. Typically that would be an external governance system such as Aragon or a messaging platform like Discord, Telegram etc.
Last updated