This vault provides liquidity to the wstETH/ETH pool on Balancer, stakes the LP tokens on Aura, and then periodically harvests and reinvests the BAL and AURA token incentives.
The vault converts some of the borrowed ETH into wstETH and both are provided as liquidity to the Balancer pool. The vault then stakes the LP tokens on Aura.
Redemption / Settlement
The LP tokens are removed from Aura, and redeemed for ETH and wstETH on Balancer. The wstETH is then converted to ETH and returned to Notional.
This vault involves smart contract risk and liquidation risk. Funds can be negatively impacted due to a bug in Notional, Balancer, Lido, or Aura. Users can be liquidated due to an adverse price movement in the stETH/ETH exchange rate.