Clearstar Review 2026: Swiss DeFi Risk Curator

Clearstar is a DeFi risk research and advisory firm founded in Switzerland in 2022. Its homepage says it designs, builds, launches and runs onchain financial products with issuers, asset managers, exchanges and protocols. DefiLlama classifies it as a risk curator and describes it as building onchain infrastructure and strategies.

DefiLlama shows about $188.3 million in TVL, down 1.3% over seven days, across Flare, Base, Ethereum, Monad, Hyperliquid, Starknet, Katana, Arbitrum, Hemi, Polygon and Unichain. It has been listed since May 2025. It has no token and no audits listed. The homepage names Morpho, Flare, Upshift, Euler, IPOR, OpenEden and Spectra as trusted partners.

The name is easy to confuse with ClearStar, an unrelated background-screening company that dominates public reporting. This review covers only the DeFi firm.

Clearstar works in two modes. As an advisory firm, it helps issuers, asset managers, exchanges and protocols design an onchain product, set it up, bring it to market and operate it. Risk limits, oracle choices and signer permissions are part of the design.

As a curator, it runs vaults and strategies using its own research and monitoring systems. A curator in DeFi lending typically picks which markets a vault lends into and sets caps and parameters, while depositors supply assets and earn the resulting yield. The homepage says the same systems it uses for its own vaults are configured for client products.

The approach is qualitative-first: reviewing governance, permissions, contracts and oracles before capital is committed, then watching collateral health and liquidity in real time. When something looks wrong, alerts can escalate into protective action.

Clearstar does not publish fees in the sources reviewed. Advisory engagements appear to be bespoke, and the homepage points to a contact form rather than a price list.

For vault depositors, any performance or management fee would normally be shown on the vault page of the lending or vault platform that hosts it. Check that figure before depositing.

Using a curated vault adds curator risk to protocol risk. The curator can influence allocations and parameters, and mistakes or poor judgement can cause losses. DefiLlama lists no audits for Clearstar, and public sources give no incident history either way.

The homepage footer names NovaFusion S.A. as the operating company, and the firm says it was founded in Switzerland. No regulatory status, insurance or custody details are published publicly. This is not financial advice, and you should only deposit what you can afford to lose.

Clearstar is aimed mainly at issuers, asset managers, exchanges and protocols that need help launching and running onchain products, and at DeFi allocators who want a curator with a risk-first process. It is less suited to beginners who want a simple, fully documented product with published fees.