Frequently Asked Questions about IPOR

IPOR is a modular onchain vault infrastructure that allows both individual users and institutional asset managers to deploy, manage, and earn yield through professionally curated DeFi strategies.

At its core, IPOR operates through what are called Plasma Vaults — permissionless smart contract vaults that can interact with multiple DeFi protocols simultaneously. Each vault is managed by an Atomist — a professional strategy manager who configures and rebalances the vault's allocations to maximize yield while managing risk.

Here is how the flow works:

• Users deposit supported assets (USDC, USDT, ETH, stETH, wBTC, etc.) into a vault
• The Atomist allocates capital across integrated protocols like Aave, Morpho, SparkLend, and Euler
• Yield is automatically accrued and reflected in the vault's share price
• Users can withdraw at any time according to the vault's liquidity terms

The system is fully onchain and non-custodial — users maintain ownership of their assets at all times through smart contract receipts.

IPOR is built as a modular, protocol-agnostic infrastructure layer. The vault system currently integrates with many of the leading DeFi lending and liquidity protocols:

• Aave — one of the largest decentralized lending protocols on Ethereum and other EVM chains
• Morpho — a peer-to-peer lending optimizer built on top of Aave and Compound
• SparkLend — MakerDAO's lending protocol offering competitive rates on stablecoins and ETH
• Euler Finance — a permissionless lending protocol with advanced risk management features
• Silo Finance — isolated lending markets for safer exposure
• Compound — a foundational DeFi lending protocol
• Fluid — next-generation liquidity protocol by Instadapp

The modular architecture means that new protocol integrations can be added via governance proposals, continuously expanding the yield sources available to IPOR vault users.

IPOR employs several yield generation strategies depending on the vault type and the Atomist's configuration:

• Lending Optimization — Capital is split across multiple lending markets and automatically rebalanced to the highest-yielding opportunities. This strategy suits users who want stable, lower-risk returns on stablecoins and blue-chip assets.
• Leveraged Looping — The vault borrows against deposited assets and re-deposits them, compounding the yield multiple times. This amplifies returns but also introduces liquidation risk, which is carefully managed by the Atomist.
• Leveraged Carry Trade — The vault exploits interest rate differentials between borrowing in one asset and lending in another, capturing the spread as profit.
• Bond ETF — Some IPOR vaults replicate a bond-like exposure through tokenized fixed-income positions in DeFi.

In addition to base yields, IPOR users earn IPOR Points — a loyalty program that offers multipliers (up to 12x) on deposited capital, providing additional value on top of the base APY.

All strategies are transparent and auditable onchain. Current APYs range from approximately 1.5% to over 12% depending on the vault type and market conditions.

Security is a core focus of IPOR. The protocol has been built with a multi-layered security approach:

• Smart Contract Audits — All core IPOR contracts have been audited by reputable security firms. Audit reports are publicly available in the documentation.
• Role Separation — The vault architecture enforces strict separation between the Atomist (strategy manager), the Alpha (risk guardian), and users, preventing any single party from having unchecked control.
• Onchain Transparency — Every allocation, rebalance, and yield accrual is verifiable onchain in real time.
• Access Controls — Timelocks and multisig mechanisms protect critical protocol functions from sudden unauthorized changes.

However, all DeFi protocols carry inherent risks that users should be aware of:

• Smart contract risk — Despite audits, bugs can exist in any code
• Liquidation risk — Leveraged vaults can be liquidated if collateral ratios fall below required thresholds
• Protocol risk — Risks from underlying protocols (Aave, Morpho, etc.) also affect IPOR vaults
• Market risk — Asset price fluctuations can affect vault performance, especially in leveraged strategies

Always invest only what you can afford to lose and review each vault's specific risk profile before depositing.

In the IPOR ecosystem, Atomists are the professional strategy managers responsible for configuring and operating Plasma Vaults. Think of them as the "fund managers" of the IPOR world — they design the yield strategy, set allocation parameters, and continuously rebalance the vault's positions to optimize returns.

Current Atomists operating on IPOR include:

• IPOR DAO — The founding organization behind IPOR, managing several core vaults including IPOR stETH, IPOR wstETH Base, and IPOR USDC/USDT Prime vaults
• Reservoir — Manages ETH Yield, BTC Yield, and wsrUSD looping strategies
• TAU Labs — Operates a suite of vaults including AavEthena Loop, InfiniFi strategies, and lending optimizers
• K3 Capital — Runs leveraged syrup USDT strategies
• LlamaRisk — Manages crvUSD lending optimization
• Harvest Finance — Operates Autopilot yield optimizer vaults on Base

Atomists earn a performance fee from the yields they generate, creating aligned incentives to maximize returns for depositors. The IPOR architecture ensures that Atomists can only operate within predefined risk parameters set by the vault's Alpha guardian, protecting users from excessive risk-taking.

IPOR currently operates across multiple EVM-compatible blockchain networks, with plans to expand to additional chains:

• Ethereum Mainnet — The primary deployment, hosting the largest number of IPOR vaults with the highest total value managed
• Base — Coinbase's L2 network, featuring vaults for WETH, USDC, wstETH, and cbBTC
• Arbitrum — Ethereum L2 with USDC lending optimizer vaults
• Plasma — A specialized deployment for USDe/sUSDe strategies

Supported deposit assets include:

• Stablecoins: USDC, USDT, rUSD, wsrUSD, crvUSD, USDe
• Ethereum assets: ETH, WETH, stETH, wstETH
• Bitcoin assets: WBTC, cbBTC

The IPOR Total Value Managed (TVM) currently exceeds $250 million across all supported chains and assets, making it one of the leading onchain vault platforms in DeFi.

To explore all available vaults, visit the main IPOR app and filter by chain or asset type.

IPOR Points are the loyalty and rewards currency of the IPOR ecosystem. They are designed to reward early and committed users of the platform, providing additional value on top of the base yield from vault strategies.

How to earn IPOR Points on IPOR:

• Deposit into vaults — Simply depositing assets into any IPOR vault earns you points. The number of points earned is proportional to the USD value of your deposit and the time it remains in the vault.
• Point multipliers — Different vaults offer different point multipliers. For example, IPOR stETH and IPOR wstETH Base vaults offer 10x point multipliers, while IPOR USDC Prime vaults offer 10x multipliers. Some partner vaults offer up to 12x multipliers.
• Partner points — Some IPOR vaults also earn you points from partner protocols like Reservoir (4x), infiniFi (9x–12.25x), and others simultaneously with IPOR Points.

You can view your current IPOR Points balance on the Points section of the IPOR app. Points are tracked onchain and updated in real time as your deposits grow.

The future utility of IPOR Points will be announced by the IPOR DAO through official governance and communication channels.

Getting started with IPOR is straightforward. Here is a step-by-step guide:

• Step 1 — Set up a wallet — You need an EVM-compatible wallet such as MetaMask, Coinbase Wallet, Rabby, or any WalletConnect-compatible wallet to interact with IPOR.
• Step 2 — Get the assets you want to deposit — Acquire the asset supported by your chosen vault (e.g., USDC on Ethereum for an Ethereum-based vault). Make sure you also have a small amount of ETH (or the native gas token of the chain) to pay transaction fees.
• Step 3 — Visit the IPOR app — Go to https://iporio.xyz and connect your wallet using the "Connect wallet" button in the top right corner.
• Step 4 — Choose a vault — Browse the Fusion Vaults list. You can filter by chain, asset, Atomist, and category. Review the APY, TVM, points multiplier, and strategy type for each vault.
• Step 5 — Deposit — Click on your chosen vault to open the vault detail page. Enter the amount you wish to deposit and confirm the transaction in your wallet. You may need to approve the asset contract first.
• Step 6 — Track your position — After depositing, your position will appear in the "My Positions" tab. You can monitor your yield accrual and IPOR Points balance in real time.

If you have any questions or run into issues, the IPOR community is available on Discord and Telegram for support.

IPOR uses a transparent, performance-aligned fee structure. There are generally no upfront deposit fees for users. Fees are applied in the following ways:

• Performance fee — A percentage of the yield generated by the vault is taken as a performance fee. This is split between the Atomist and the IPOR protocol. The exact percentage varies by vault and is disclosed on each vault's detail page.
• Management fee — Some vaults may charge a small annual management fee (typically 0–2%), which is accrued continuously from the vault's assets under management.
• No withdrawal fee — There are generally no fees for withdrawing your assets from IPOR vaults, though gas costs for onchain transactions always apply.

The APY figures displayed in the IPOR app are net of fees — meaning the yield you see is what you actually receive after all protocol and Atomist fees have been deducted.

This performance-based model ensures that Atomists are directly incentivized to generate real yield for depositors, rather than simply collecting fees regardless of performance.

Yes. IPOR is designed as an open infrastructure platform. In addition to being a user-facing earn product, it is also a developer and strategy manager platform.

As an Atomist (strategy manager), you can:

• Deploy your own Plasma Vault with custom strategy parameters
• Configure access to any of the integrated DeFi protocols
• Set your own fee structure within protocol-defined limits
• Build branded vaults for your own user base or fund
• Integrate IPOR vault receipts into your own DeFi products

For institutional asset managers, DeFi protocols, and experienced DeFi builders, IPOR provides a complete toolkit for deploying onchain strategies without building vault infrastructure from scratch.

To learn more about becoming an Atomist on IPOR, visit the official documentation or reach out to the IPOR Labs team through the official channels.