Market Opportunity - Agent-managed vaults are able to identify real-time market opportunities [1] - aiAVAX earned depositors over 30% on their AVAX due to a sAVAX carry trade [1] - The sAVAX market discount was around 0.55% due to sellers needing instant liquidity [1] Strategy - The strategy involved acquiring sAVAX at a discount and unwinding it over 14 days via BenqiFinance [1] - The strategy may not always be viable as a singular approach [2] - aiAVAX is prepared to capitalize on the best yield opportunities for depositors in the future [2]

Partnerships & Collaborations - BENQI and Anchorage Digital are collaborating to provide institutional-grade access to Avalanche liquid staking [1] Product & Service Innovation - Anchorage Digital clients can now stake AVAX, mint sAVAX, and redeem directly through BENQI [1] - This collaboration unlocks new access to Avalanche liquid staking [1] Technology & Infrastructure - BENQI powers the new access to Avalanche liquid staking for Anchorage Digital clients [1]