# Emergency Controls Managers have access to emergency controls that allow them to quickly de-risk a BSKT in adverse market conditions. ## Emergency Stables The Emergency Stables function converts the entire basket into approximately 95% USDT and 5% ALVA. The 5% ALVA allocation is retained to ensure the basket continues to hold at least two assets, avoiding single-asset composition which could raise regulatory classification concerns. This is designed for situations where: * Constituent tokens are experiencing extreme volatility * A token in the basket has a critical vulnerability * Market conditions require immediate de-risking When triggered, the BSKT enters a suspended state where normal operations (deposits, rebalancing) are paused. LP token holders retain their LP tokens, but the underlying assets are now held as stablecoins. ## Revert Emergency Once conditions stabilize, the manager can revert the emergency and restore the basket to its previous token allocation (or a new one). This re-enables normal operations. The revert process works similarly to a rebalance: stablecoins are swapped back into the target tokens according to the specified allocation. ## When to Use Emergency Controls Emergency controls are a last resort. They should be used when: * **Immediate action is required** and a standard rebalance would be too slow * **A constituent token is compromised** (exploit, depegging, rug pull) * **Extreme market conditions** make holding the current allocation dangerously risky They should **not** be used for routine portfolio adjustments. Use standard rebalancing for that. ## Impact on Investors * LP tokens remain valid during emergency state * The basket's value is preserved in stablecoins * Redemptions may still be available depending on the contract state * The manager should communicate via manager notes why the emergency was triggered --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.alvara.xyz/fund-managers/emergency-controls.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.