BENQI and @DefinitiveFi share the goal of making DeFi more accessible and efficient for everyone, and that's why the arrival of their Hyperstaking $sAVAX vault is such a game changer: benqi.definitive.fi/ Definitive Co-Founder @dennis_qian dives deep into how Hyperstaking works and why Definitive started offering it: "Hyperstaking is one of our most advanced yield strategies. It essentially takes advantage of the fact that there are liquid stake tokens on Ethereum, and @avax and MATIC that can be collateralized at various lending protocols. Because they can be collateralized, you can borrow additional staking assets against them. So, for example: on $AVAX we would lend $sAVAX and borrow more $AVAX, and once you borrow more $AVAX you can then re-stake that $AVAX at BENQI, and then re-collateralize more $sAVAX, and then continue doing this until you're closer to the maximum loan to value that the lending protocol provides. Now what this does is; if the borrowed interest is less than the staking yield, then you essentially arbitraged the borrow and staking yield. That creates profit over time as the price of your collateral increases through staking yield. Because we're taking leverage, this Hyperstaking advanced strategy requires consistent and regular monitoring. And what I mean by that is- as the price of $AVAX changes relative to $sAVAX, you need to be managing your liquidation levels, your loan levels, and dynamically readjusting your position. To get the best execution and to get the best real time monitoring, Definitive empowers essentially a high frequency off-chain engine to monitor everyone's positions. It's very tricky for retail to get into this kind of position without the use of smart contracts, efficient flash loans, real-time monitoring and automation behind it. So that's why Definitive offers it today." Watch.⤵️