Weekly RiskDAO report 20 Dec ‘22

All referenced data can be accessed directly on the Vesta dashboard by RiskDAO.


The last week saw no new risk events in DeFi Lending.

Price action of BTC & ETH continues to trend sideways as both assets have pared back recent gains.

REN-assets will be phased out in the coming days and REN-asset holders are advised to redeem their assets urgently. renBTC has already been delisted from Vesta.

Uncertainty about the stability of Centralized Exchanges (CEX) dominates headlines as the most recent FUD is also engulfing Binance which saw outflows of $6bn over the last week (of which $2bn in a single day). Mazars, an audit firm, canceled all proof of reserve appointments with clients (incl Binance, KuCoin, crypto.com and others).

The WBTC DAO has finished the clean-up of the DAO multi-sig, having now 11 active signers.

Dashboard Highlights

The cap utilization of gOHM and sGLP dropped significantly from 89.4% to 81% and from 99.3% to 85.1% respectively.

The VAR for the worst day simulation stands at zero. All current MCRs are well above the recommended levels.

The weight of $VST in the VST-FRAX pool has increased to 3:1 (VST:FRAX).

gOHM remains the #1 collateral asset accounting for $13.2m or 51% of total collateral base, followed by sGLP which stands at $8.6m (33% of total collateral).

The minimum collateralisation ratios (MCRs) are slightly below recommended levels. This should be monitored, especially if MCRs continue to decline.

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