[#River, was it unaffected even during the crash?]
(For now, it seems that satUSD remained stable, and there was no de-pegging or forced liquidation, but I should study the terminology itself a bit more.)
☑️ Omni-CDP / Smart Vault / Prime Vault
= Stable operation without downtime
👉🏻 River is related to stablecoins, structured not just tied to the dollar but composed of various collateral assets.
👉🏻 When a crash occurs, the value of stablecoins can fluctuate or forced liquidations can happen, but it seems River has never experienced that.
☑️ Omni CDP ?
1) CDP = Collateralized Debt Position
= A position of collateralized debt
= You deposit collateral and borrow stablecoins.
2) Omni-CDP
= Instead of being on a single chain, it uses assets as collateral across multiple blockchains to issue satUSD within a single system.
* It seems to have the advantage of being able to use collateral across multiple chains simultaneously.
☑️ Smart Vault = collateral vault / Prime Vault = deposit vault
1) Vault = vault
2) Smart Vault is a method of issuing satUSD by using major assets like BTC and ETH as collateral (after issuance, it can be utilized in other DeFi, etc.)
3) Prime Vault is a deposit-type that earns DeFi yields by depositing stablecoins like satUSD or USDT.
⭐️ To summarize, during this crash, while stablecoins were shaken, it seems River highlighted that there were no issues with coin issuance, collateral, deposits, and so on.
All River systems are operating safely and stably.
Omni-CDP, Smart Vault, and Prime Vault remain fully functional, with no downtime or disruption.
During recent market volatility and sector-wide liquidations, satUSD remained fully collateralized and stable.
300M+ satUSD are in circulation across supported chains, with total collateral ratios above target levels.
Battle-tested rebalancing and liquidation mechanisms operated as designed, maintaining system integrity and asset security.
River’s team continues 24-hour monitoring across all product lines to ensure the protocol operates securely.
For assistance, please contact us via Telegram or Discord.
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