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Flowmark fGenesis

Risk reportEthereum0xfa53…6439

Risk

Depositing into Flowmark fGenesis means underwriting risks you usually can't see: how much you could lose, whether you'd get out in time, and what would cover it.

Morpho BlueVault (aggregates across markets)
How much could be lost?
30%of your deposit if collateral falls 50%Only smart-contract bug reaches a total 100%, with no warning to exit.
Can I exit?
Via underlying marketsonly governance changes give a 3-day timelock to exit — every other modeled failure is no-warning
What backs it?
No committed backstopnothing committed would cover a loss
Track record
No pool-level losses recorded36 audits, latest Dec 15, 2025

Collateral and oracle exposure

Each token you're exposed to, and the market it backs. If that market breaks, this is how much the vault loses, in dollars and as a share of the vault. Open a row for the price feed, stress curve, and supply-cap detail. Below, the oracles those prices depend on and what is at stake if one is compromised.

If collateral prices dropper asset · no liquidations · stress estimate
est. bad debt up to 8% of deposit

Driven by PGNGI+ −30% 6% · PST −30% 2% · cbBTC −30% <1% · −100% 90% modeled all-to-zero bad-debt ceiling

PGNGI+Market62%of vault · bad debt · $248,880Oracle exposure 7%

What it's made of

PGNGI+ token page
Market· RedStone / Chainlink(aggregator)

Priced off live market data — a depeg moves the price and can liquidate positions.

Markets this collateral backs · 1
  • → USDC77% LLTV0x0222…d3b3RedStone / Chainlink
Aggregate Collateral Trust (ACT):$26,3992 vaultsToken:0x0e6f…374cAllocation: 68% of the vault · $275,278

If it breaks

−30% default
At −30%:est. bad debt up to 6% of depositUses 1 market LLTV curve · capped at allocation $275,278 · drag to set this asset's drop
Oracle exposure: up to 7% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price
NGI+Market15%of vault · bad debt · $61,841Oracle exposure 2%

What it's made of

NGI+ token page
Market· RedStone / Chainlink(aggregator)

Priced off live market data — a depeg moves the price and can liquidate positions.

Markets this collateral backs · 1
  • → USDC63% LLTV0xfd46…be1cRedStone / Chainlink
Aggregate Collateral Trust (ACT):$6,8432 vaultsToken:0xf252…30d9Allocation: 17% of the vault · $68,683

If it breaks

−30% default
At −30%:no modeled bad debtUses 1 market LLTV curve · capped at allocation $68,683 · drag to set this asset's drop
Oracle exposure: up to 2% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price
PSTMarket9%of vault · bad debt · $35,437Oracle exposure 1%

What it's made of

PST token page
Market· Chainlink(aggregator)

Priced off live market data — a depeg moves the price and can liquidate positions.

Markets this collateral backs · 1
  • → USDC86% LLTV0xa565…8ac0Chainlink
Aggregate Collateral Trust (ACT):$12.42m13 vaultsToken:0x22ae…d4c7Allocation: 10% of the vault · $39,935

If it breaks

−30% default
At −30%:est. bad debt up to 2% of depositUses 1 market LLTV curve · capped at allocation $39,935 · drag to set this asset's drop
Oracle exposure: up to 1% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price
cbBTCMarket4%of vault · bad debt · $17,870Oracle exposure 0.6%

What it's made of

cbBTC token page
Market· Chainlink(aggregator)

cbBTC is priced via BTC / USD — market-rate feed (Chainlink).

BaseBTC / USDMarketChainlink
Heartbeat 1hDeviation 50bps
Markets this collateral backs · 1
  • → USDC86% LLTV0xa6d6…182aChainlink
Aggregate Collateral Trust (ACT):$203.71m102 vaultsToken:0xcbb7…33bfAllocation: 5% of the vault · $20,473

If it breaks

−30% default
At −30%:est. bad debt up to 0.8% of depositUses 1 market LLTV curve · capped at allocation $20,473 · drag to set this asset's drop
Oracle exposure: up to 0.6% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price

+1 market with no current position

Oracle dependencies

2 feeds2 control points

Up to10%of vault drainable if these feeds are mispriced · $40,342

Each price traces to a feed and the onchain admin that can move it. Compromise either to misprice the collateral and borrow against it. Per-row amounts overlap and are not summed.

  • Chainlink / RedStone·a 4/9 Safe multisigprices cbBTC, PST, PGNGI+, CASH+, NGI+0x21f7…73ca10% of vault · $40,342drainable if it is compromised
  • RedStone / Chainlink·a 2/3 Safe multisigprices PGNGI+, NGI+0x6906…44728% of vault · $33,240drainable if it is compromised
Updated 36min agoSources:on-chain reads via @defillama/sdkhttps://hub.snapshot.org/graphqlhttps://api.morpho.org/graphql