Multiply: Supercharge Staking on Aptos

Superposition is in the final stages of launching its multiply feature.

TL;DR

Superposition is in the final stages of launching its new feature, Multiply, which enables users to achieve an industry-leading 20x leverage on Thala’s liquid staking derivatives (thAPT / sthAPT) through a streamlined user interface.

Superposition: A Paradigm Shift in Credit Towards High Fidelity DeFi

Superposition leverages blockchain data and Concordia’s modular Filtered Historical Value-at-Risk (VaR) engine to create High-Fidelity DeFi. As a High-Fidelity DeFi platform, Superposition offers optimal borrowing experiences and maximized capital efficiency by advancing the understanding of asset and user behaviors.

How Superposition Enables Maximized Capital Efficiency

Superposition, by leveraging Concordia’s modular risk engine, approaches risk in two distinct ways among DeFi protocols:

Data-driven: In most DeFi lending protocols, collateral risk is subjectively assigned a fixed haircut parameter, defining the amount of debt that can be borrowed against the posted collaterals. Concordia’s modular risk engine, however, reacts to real-time market conditions. The model tunes the parameters automatically and algorithmically. As volatility or other indicators shift over time, Concordia’s risk engine recalculates risk based on the changing markets.

Dynamic: Superposition dynamically adapts close-out ratios based on market conditions to safeguard users against potential domino liquidation scenarios. This reinforces that Superposition’s optimized, data-driven risk management practices provide unparalleled protection for protocol users. Refer to this article for in-depth discussion on this topic.

Equipped with these capabilities, Superposition enables a 3% maintenance margin (as of June 25, 2024) for thAPT and sthAPT collaterals against APT debt. To provide additional protection and prevent certain types of exploits, Superposition maintains a protocol-wide 5% maintenance margin, translating into a maximum of 20x leverage for users engaged in leveraged LSD strategies.

A Streamlined User Experience is Our Ultimate Pursuit

At Superposition, we strive to provide the most streamlined and user-friendly products. To simplify users’ leveraged LSD strategy execution, we’ve created a purpose-built flashloan module that helps users achieve any leverage (up to 20x) of their LSD strategies with a few clicks. With this design, users can build their positions within minutes (perhaps even seconds for our Supertroopers!) and collect their farming rewards.