This vault optimizes looped wstETH returns by constantly scanning for the lowest ETH borrow rates across Aave, Compound, & Morpho wstETH:ETH markets.
By repeatedly borrowing WETH against wstETH when the borrow rates are low, the vault is able to multiply the interest differentials (i.e. yield carry). A wstETH:ETH Long position is created with a 2.5% liquidation buffer on the identified market.
Positions are migrated between markets with minimal price impact as only the portion of liquidity relating to the differing max loan-to-value ratios are swapped.
Any earned rewardsa are automatically compounded for more wstETH.
