Farm Multiply points + stSUI yield

Farm Multiply points + stSUI yield, while protecting principal from SUI downside.

By @King_Breezyy

Hello Frens, here’s another strategy on how to farm points on @Current while also enjoying one of the highest APRs from vaulting.

Assumptions

In this Strategy it is assumed that:

• stSUI ≈ SUI (highly correlated)

• Liquidation risk from divergence is low

• Net APR on leveraged stSUI remains positive

• Hedge only protects principal, not full leverage exposure

Practical Setup — $1,400 Plan

1. Use $1,400 to open a 7.5× stSUI Multiply position ~ $10,500 effective exposure (qualifies for a single multiply point daily)

2. Then hedge the $1,400 capital by taking a small SUI short sized to your principal ($700 at a 2x leverage or $467 at a 3x leverage is advised)

The idea: You farm yield + points on the leveraged stSUI…while the hedge helps reduce downside risk on your real capital.

Why it’s powerful

• Yield scales with the $10k+ exposure

• Risk is framed around $1,400 capital

• Hedge reduces directional bias instead of nuking returns

In my math, an ~11.76% net APR as at today for a 7.5x leverage on the multiply position → translates to ~88.2% APR on capital (because of leverage efficiency).

Not price speculation — capital-efficient vaulting.

This type of APR on SUI vaulting is only possible on @Current and it’s the only protocol on@SuiNetworkthat allows hedging against directional bias without going cross-protocol.

Risks to keep in mind

• Price of SUI going down and taking position below $10,000(stops earning point)

• stSUI/SUI correlation breaking

• big SUI volatility

• funding + fee changes

• hedge drift over time

Not a passive strategy — works best if you monitor it.

Who it’s for

• ppl who understand leverage + staking derivatives

• yield strategists / points farmers

• users optimizing capital efficiency, not direction

• users who are ready to monitor funding and position daily.

Side Note: As we already have a $1400 cumulative position on margin, we can take up another $600 position (example a $200 buy and sell position of WAL at 3x leverage) to get the cumulative margin position to $2000 and start earning one margin point daily. This strategy fully utilizes all features and power of@Current.