IPOR Labs
IPOR Labs AG operates IPOR Fusion, an Ethereum-based onchain vault infrastructure protocol that serves institutional asset managers, developers, and yield depositors through a modular Fuse architecture, Interest Rate Swaps, and the IPOR Index benchmark for DeFi rates.
- Company typePrivate
- Founded2021
- HeadquartersZug, Switzerland
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What IPOR Labs does
IPOR Labs AG is a Swiss-domiciled DeFi protocol developer that builds onchain vault infrastructure and interest rate derivative products for institutional asset managers, protocol builders, and yield-seeking depositors. Founded in 2021 and headquartered in Zug, Switzerland, the company operates the IPOR Protocol and the Fusion platform, with a global footprint (excluding the United States, China, and a list of sanctioned jurisdictions).
The company's core offering is IPOR Fusion, a modular, mandate-adaptive onchain vault infrastructure built on Ethereum that separates immutable non-custodial core contracts from configurable strategy layers. The architecture is built around stateless, non-upgradeable "Fuses" (execution adapters) that integrate with external DeFi protocols including Aave V3, Compound V3, Morpho Blue, Gearbox, Pendle, Curve, and Uniswap V3. Risk controls are implemented via Pre-Hooks (automated circuit breakers), Guardian emergency pause roles, and Substrate-based permissioning. The company also operates IPOR Index ("The Heartbeat of DeFi"), a benchmark reference interest rate published on-chain for USDT, USDC, DAI, and ETH, and offers Interest Rate Swaps for fixed-to-floating rate derivatives.
Revenue is generated through configurable management fees (AUM-based), performance fees governed by High Watermark, and deposit/redemption fees set per vault by curators ("Atomists"). Distribution follows a dual GTM: product-led growth via self-serve Fusion App (app.ipor.io/fusion), a documentation portal (docs.ipor.io), a Python SDK (ipor-fusion.py), GitHub repositories, and community channels (Discord, X, LinkedIn, Medium), supplemented by institutional outreach targeting regulated asset managers requiring MiCA-aligned infrastructure. The protocol is governed by the Fusion DAO via the FUSN governance token on Snapshot, having succeeded the legacy IPOR DAO in 2025 under IIP-35. Total disclosed funding is $5.55 million from an April 2022 round, and the company employs 11-50 people.
IPOR Labs firmographics
Firmographics- Name
- IPOR Labs
- Legal name
- IPOR Labs AG
- Website
- https://ipor.io
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- IPOR Labs AG operates IPOR Fusion, an Ethereum-based onchain vault infrastructure protocol that serves institutional asset managers, developers, and yield depositors through a modular Fuse architecture, Interest Rate Swaps, and the IPOR Index benchmark for DeFi rates.
- Ownership category
- akta.pro rank
IPOR Labs industry classification
Industry- Product category
- Decentralized Finance Infrastructure
- NAICS
- Securities and Commodity Exchanges (523210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Yield, Vaults & Asset Management (vault strategies, robo-vaults, structured yield) (FSAPAEAG)
- akta.pro secondary industries
- DEX Liquidity Provision & Market-Making Protocols (FSADABAI), Digital Asset/Crypto Trade Execution Platforms (FSAFANAO)
Keywords
Where IPOR Labs is headquartered
LocationHeadquarters
- HQ city
- Zug
- HQ country
- Switzerland
- HQ region
- Europe
Offices1 record
Markets served
IPOR Labs business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Management Fees (AUM-based): Annualized fee calculated based on total AUM, accruing continuously per block. Configured by vault curators (Atomists) and directed to specified recipients.
- Performance Fees: Success-based fee on net profits, governed by High Watermark (HWM) - paid only when current NAV exceeds prior peak. Realized at set intervals based on settled onchain valuations.
- Deposit & Redemption Fees (Onboarding/Offboarding Contributions): Transactional fees applied when users deposit or withdraw from vaults. Can be Socialized (retained in vault to benefit existing depositors) or Administrative (directed to vault owner for operational costs). Protects long-term depositors from costs associated with new entrants/leavers.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
IPOR Labs product offering
Product offeringCore offering
IPOR Labs develops and operates IPOR Fusion, an institutional-grade onchain vault infrastructure protocol deployed on Ethereum that enables asset managers, institutions, and builders to create, white-label, and manage yield strategies with programmable risk controls. The platform pairs the vault infrastructure with Interest Rate Swaps (onchain derivatives for exchanging fixed and floating rates without exchanging principal) and the IPOR Index (benchmark reference rates for DeFi assets). Revenue is generated via configurable protocol-level management, performance, and deposit/redemption fees.
Product overview
IPOR Labs offers IPOR Fusion as a unified onchain vault infrastructure platform for institutional-grade yield strategies. The core platform consists of Fusion Vaults for creating and managing yield vaults, paired with Interest Rate Swaps for derivative trading. The protocol is anchored by the IPOR Index (benchmark interest rates for DeFi assets) and built on modular architecture using Fuses—stateless smart contract adapters that connect to external DeFi protocols like Aave V3, Compound V3, Morpho Blue, Gearbox, Pendle, and Curve. The system separates immutable non-custodial infrastructure from configurable strategy layers, providing institutions with programmable risk controls, circuit breakers, and transparent onchain NAV reporting. Developer access is enabled via Python SDK and comprehensive documentation.
Differentiator
Problem solved
Functional benefit
Brands
- Fusion: Onchain vault infrastructure for institutional-grade yield strategies. Provides vault technology and tools for managing digital asset strategies.
- IPOR Protocol
- FUSN Token
- IPOR Token (Legacy)
Products and services
- IPOR Fusion Onchain vault infrastructure protocol for institutional-grade yield strategies. A modular, mandate-adaptive system that separates immutable non-custodial layers from configurable strategy layers, enabling asset managers, institutions, and builders to create, white-label, and manage onchain vaults with battle-tested risk frameworks, programmable risk controls, and transparent NAV reporting.
- Fusion Vaults Onchain vault product within the Fusion platform enabling users to create and manage yield strategies. Allows building custom institutional-grade yield strategies or exploring existing ones via the Fusion App, with permissioned (KYC-compliant) and permissionless vault configurations supported.
- Interest Rate Swaps Onchain interest rate derivative product allowing users to exchange fixed interest rates for floating rates (or vice versa) without exchanging underlying principal. Supports Payer (pay fixed, receive floating) and Receiver (receive fixed, pay floating) positions priced via the IPOR Index benchmark using the SOAP (Sum of All Payoffs) valuation metric within an AMM.
- IPOR Index Benchmark reference interest rate for DeFi sourced from various credit protocols and published on-chain via heartbeat methodology. Provides risk-free rates for assets including USDT, USDC, DAI, and ETH, with multiple time-based tenor variants (1M, 3M, 6M). Serves as the underlying reference for Interest Rate Swaps pricing.
Companies that use IPOR Labs
Customer profileSegments3 records
Ideal customer profiles3 records
IPOR Labs technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
AI capability3 records
Feature12 records
IPOR Labs partnerships and signals
Strategic signalScale indicators2 records
Recent moves6 records
Expansion highlights5 records
IPOR Labs competitors and assessment
Company assessmentDirect peers
- Enzyme (formerly Melon Protocol): Onchain asset management protocol enabling vault creation with role-based permissions, fee structures, and compliance primitives. Closest direct competitor to IPOR Fusion's mandate-adaptive vault model for institutional managers.
- Morpho: Lending infrastructure protocol with MetaMorpho vaults that share IPOR Fusion's modular, curator-driven vault thesis. Fusion already integrates Morpho Blue as a substrate; Morpho's parent protocol competes for the same institutional allocator mindshare.
- Pendle Finance: Yield tokenization protocol allowing fixed-yield and yield-trading strategies. Fusion already integrates Pendle PTs via Fuses; both target sophisticated DeFi yield allocators and compete for the institutional fixed-yield use case.
- dHEDGE: Onchain asset management protocol with permissioned and permissionless pools, manager track records, and DeFi integrations. Directly comparable to Fusion's institutional-manager targeting and white-label vault model.
Broad incumbents
- Yearn Finance: Long-standing DeFi yield aggregator with automated vault strategies. While broader and less institutional-focused than Fusion, Yearn represents the incumbent onchain yield strategy platform that Fusion must displace or differentiate against.
- Convex Finance: Yield and liquidity optimization layer on Curve with massive AUM. Competes for the same DeFi yield allocator audience that Fusion targets, though with a different mechanism (booster + vlCVX vs. modular Fuses).
- Beefy Finance: Multi-chain yield optimizer with automated vault compounding across 20+ chains. A volume leader in DeFi yield aggregation that competes for the same depositor base as Fusion's permissionless vaults.
- Stake DAO: DeFi yield aggregator offering automated strategies, locker products, and governance-mined vaults. Competes with Fusion on yield-strategy surface area and onchain asset management tooling.
Emerging players
- Tokka Labs (Alchemix-style structured credit): Structured credit and DeFi vault platform with composable yield strategies. Comparable emerging player with similar institutional-yield ambitions and modular architecture overlap.
- Maple Finance: Institutional-grade onchain credit and lending protocol with permissioned pools, underwriter accountability, and MiCA-aware positioning. Adjacent to Fusion's institutional DeFi thesis and competes for the same asset-manager relationships.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
IPOR Labs social profiles
Digital presenceIPOR Labs compliance and trust
Trust signalCompliance1 record
IPOR Labs financial estimates
Financial estimateRevenue estimate
Valuation estimate
IPOR Labs leadership team
Management profileNumber of profiles
Profiles1 record
IPOR Labs funding detail
Funding detailFunding overview
Funding rounds2 records
Investors20 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IPOR Labs M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IPOR Labs
What does IPOR Labs do?
IPOR Labs develops and operates IPOR Fusion, an institutional-grade onchain vault infrastructure protocol deployed on Ethereum that enables asset managers, institutions, and builders to create, white-label, and manage yield strategies with programmable risk controls. The platform pairs the vault infrastructure with Interest Rate Swaps (onchain derivatives for exchanging fixed and floating rates without exchanging principal) and the IPOR Index (benchmark reference rates for DeFi assets). Revenue is generated via configurable protocol-level management, performance, and deposit/redemption fees.
Is IPOR Labs a public or private company?
IPOR Labs is a private company. It is classified as venture growth investor backed and is currently operating.
When was IPOR Labs founded?
IPOR Labs was founded in 2021. It employs 11 to 50 people.
Where is IPOR Labs based?
IPOR Labs is headquartered in Zug, Switzerland, in the Europe region.
How does IPOR Labs make money?
Three revenue lines are on record. Management Fees (AUM-based) is the primary driver. The others are performance Fees and deposit & Redemption Fees (Onboarding/Offboarding Contributions).
Who are IPOR Labs's main competitors?
Direct peers on record are Enzyme (formerly Melon Protocol), Morpho, Pendle Finance and dHEDGE. Broad incumbents are Yearn Finance, Convex Finance, Beefy Finance and Stake DAO. Emerging players are Tokka Labs (Alchemix-style structured credit) and Maple Finance.
Does IPOR Labs have an API?
No public API is recorded for IPOR Labs.
What industry is IPOR Labs in?
IPOR Labs's product category is Decentralized Finance Infrastructure. Its primary akta.pro industry code is FSAPAEAG, Yield, Vaults & Asset Management (vault strategies, robo-vaults, structured yield), with a secondary code of FSADABAI, DEX Liquidity Provision & Market-Making Protocols. Its NAICS code is 523210 and its SIC code is 6200.