→USV Risk Assessment: USDC Savings Vault by Phuture
USV deposits USDC into Notional Finance for fixed-rate yields via 3- and 6-month fCash tenors, exposing holders to Notional's insolvency risks from borrower defaults, operational risks from AMM parameter changes causing slippage or impermanent loss, and market risks from early redemptions requiring fCash sales at potentially unfavorable rates. Additional risks stem from Notional's reliance on Compound for lending, including past oracle and smart contract issues, and centralization via team-controlled multisigs for upgrades and pauses.

