IPOR

IPOR (operating as IPOR Labs) develops Fusion, an onchain vault infrastructure product that lets asset managers, curators and protocols access, deploy and manage yield-generating vaults. Fusion's architecture separates execution from custody: capital sits in ERC-4626-compliant, immutable "Plasma" vaults that are individually isolated with siloed risk, strategy logic is connected through composable, non-upgradable smart-contract connectors called fuse modules, and off-chain "Alpha" engines execute strategy logic and batch operations onchain within governance-approved parameters.

The platform targets four participant groups: institutions and fund managers (sovereign vault infrastructure with configurable fees and governance, a Python SDK requiring no Solidity, and white-label distribution); builders and curators (a fuse library, one-click deployment via a vault Factory, and curator fees earned as an "Atomist"); liquidity providers (single-deposit access to curated strategies with automated rebalancing and compounding and no lockups); and protocols and distributors such as wallets, exchanges and fintechs that embed Fusion vaults as white-labeled "Earn" products with a built-in referral system.

Stated feature areas include modular vault composition across lending, staking and LP positions with full atomicity; institutional risk controls such as real-time exposure monitoring, Guardian roles for emergency actions and configurable market limits; transparency tooling covering allocations, performance, costs, onchain activity, real-time performance reports, historical allocation breakdowns, live yield metrics, transaction-level auditability and onchain-verifiable P&L and historical NAV tracking; and multi-chain deployment of identical strategies with unified reporting.

Business model

IPOR supplies vault infrastructure rather than managing capital directly. Third parties — institutions, fund managers, curators and distributors — deploy and operate vaults on Fusion, with configurable fee structures and curator ("Atomist") fees available to strategy designers, and a referral system for distribution partners.

Traction

The company's site reports $154.3M in total value managed, 92 vaults and more than $10B of cumulative volume processed, plus 40+ integrated protocols. Named users and partners include Tesseract (described as $500M+ AUM and MiCA-authorized), TAU Labs ($100M+ TVM), Reservoir ($100M+ TVM, using Fusion vaults for leveraged exposure to its yield-bearing stablecoin wsrUSD and for BTC, ETH and USDC yield vaults) and risk provider LlamaRisk. TAU Labs states it built the largest cbETH position on Base using Fusion and grew Aave's cbETH market by over 190% in one month.