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AlphaPing is a Swiss-based DeFi vault curator and on-chain credit operator that designs and manages non-custodial, mandate-driven ERC-4626 lending vaults on protocols including Morpho, Euler, and IPOR.
Fortress — losing money needs a systemic black swan
Loss axis only (yield/fees excluded). Curator-level Expected Loss, TVL-weighted across the live book. v1 (curatorwatch-risk-methodology-v1.md), schema 1.0.0 · model 4b840ab · updated 2026-07-06.
Daily closing AUM from CuratorWatch snapshots — hover for any day. History begins when tracking began, not at the curator’s inception.
| Deal | |||||||
|---|---|---|---|---|---|---|---|
| Alpha USDC Delta V2 | USDC | morpho | A+ | $17.73M | — | 10% | — |
| Alpha USDC Asia V2 | USDC | morpho | A+ | $7.67M | — | 10% | — |
| Alpha USDC Core V2 | USDC | morpho | A+ | $4.57M | 7.14% | 10% | — |
| Alpha LINK Enhanced V2 | LINK | morpho | A+ | $2.59M | 5.55% | 10% | — |
| Alpha USDT Prime | USD₮0 | morpho | — | $2.36M | 18.18% | 10% | — |
| Alpha USDC Forex V2 | USDC | morpho | A+ | $1.25M | 9.27% | 10% | — |
| ALPHA USDC Core | USDC | morpho | A | $1.15M | 6.03% | 10% | — |
| Alpha USDC Prime V2 | USDC | morpho | A+ | $1.09M | 11.40% | 10% | — |
| ALPHA wETH Core | WETH | morpho | A | $1.05M | 2.72% | 10% | — |
| Alpha USDC Enhanced V2 | USDC | morpho | A+ | $835.76K | 5.72% | 10% | — |
| Chaince USDC Yield | USDC | morpho | A+ | $95.19K | 6.37% | 10% | — |
| Alpha APXUSD V2 | apxUSD | morpho | A+ | $82.49K | 0.14% | 10% | — |
| Alpha ZCHF Safe Vault | ZCHF | morpho | — | $57.23K | 0.00% | 10% | — |
| Alpha Frax USD Enhanced V2 | frxUSD | morpho | A+ | $45.06K | 4.56% | 10% | — |
| USDU Core | USDU | morpho | — | $34.93K | 0.00% | 0% | — |
| Alpha ZCHF Vault | ZCHF | morpho | — | $15.09K | 1.81% | 10% | — |
| AlphaPing PT Frontier | USDC | morpho | — | $13.43K | 1.14% | 10% | — |
| Falcon USDf Core | USDf | morpho | — | $10.39K | 0.79% | 10% | — |
EL grade is the vault’s Expected-Loss rating from CuratorWatch’s loss-anchored model — the annual loss an LP should expect (probability of loss × severity), graded A+ (lowest expected loss) through E. Hover a grade for the modeled bps/yr and confidence interval; “—” means not yet rated. Deal links open the deposit flow for vaults this curator currently offers through Turtle, with TVL and APR pulled live from the opportunity.
Healthy liquidations repay lenders in full; bad debt is the loss signal. Full event detail lives in the Liquidations lens.
TVL fell 14.1% in 24h ($2.75M → $2.36M). Monitor for continued outflows.
APY decreased 99.0% from 7-day average (0.16% → 0.00%). This is a >30% deviation, happening <5% of the time.
Vault went live with $1.12M in initial deposits.
APY decreased 99.3% from 7-day average (0.22% → 0.00%). This is a >30% deviation, happening <5% of the time.
TVL fell 17.3% in 24h ($1.21M → $999.7k). Monitor for continued outflows.
APY moved 25.8% from 7-day average (0.14% → 0.10%). Monitor for continued volatility.
TVL fell 31.2% in 24h ($69.2k → $47.6k). Significant capital outflow detected.
APY decreased 77.7% from 7-day average (0.12% → 0.03%). This is a >30% deviation, happening <5% of the time.
APY decreased 99.3% from 7-day average (0.24% → 0.00%). This is a >30% deviation, happening <5% of the time.
APY decreased 36.8% from 7-day average (0.16% → 0.10%). This is a >30% deviation, happening <5% of the time.
TVL grew 38.5% in 24h ($852.6k → $1.18M). Strong capital inflow.
APY decreased 71.8% from 7-day average (0.26% → 0.07%). This is a >30% deviation, happening <5% of the time.
Vault went live with $1.15M in initial deposits.
APY decreased 94.7% from 7-day average (0.16% → 0.01%). This is a >30% deviation, happening <5% of the time.
TVL grew 42.8% in 24h ($77.4k → $110.5k). Strong capital inflow.
TVL fell 10.4% in 24h ($1.40M → $1.25M). Monitor for continued outflows.
APY decreased 45.5% from 7-day average (0.18% → 0.10%). This is a >30% deviation, happening <5% of the time.
TVL fell 18.3% in 24h ($87.2k → $71.3k). Monitor for continued outflows.
TVL grew 31.6% in 24h ($647.7k → $852.6k). Strong capital inflow.
APY moved 29.5% from 7-day average (0.11% → 0.08%). Monitor for continued volatility.
TVL grew 25.5% in 24h ($61.4k → $77.0k). Strong capital inflow.
APY decreased 82.6% from 7-day average (0.19% → 0.03%). This is a >30% deviation, happening <5% of the time.
TVL fell 15.0% in 24h ($1.81M → $1.54M). Monitor for continued outflows.
APY decreased 52.8% from 7-day average (0.20% → 0.10%). This is a >30% deviation, happening <5% of the time.
APY increased 38.1% from 7-day average (0.21% → 0.28%). This is a >30% deviation, happening <5% of the time.
Users with positions across multiple vaults