Almost a decade into the "DeFi experiment", one of the few enduring (and novel) products that DeFi has created are Tokenized LP positions. There's really nothing like it. In theory this should be incredible ! Onboarding active market makers is incredibly expensive in any market. The simplest explanation is that players sophisticated enough to market make have high opportunity costs. Democratizing market making _could_ be a great equalizer - everyone would get access to new sources of returns and markets would have deeper liquidity from their ability to cheaply onboard more funds. But in reality, the Tokenized LP position has fallen flat. Much of the trading volume comes from arbitrageurs who are earning lucrative returns at the expense of LP losses. Most AMMs are too static to respond properly. Supervaults are was our team's answer. Every block, every validator votes on the price of an token. Rather than risking their votes being delayed, the price is updated at the top of the block. Supervaults are then given priority over other orders. At the top of the block they rebalance to the new price, before arbitrageurs are able to pick them off at the previous block's reported price. This provides some much needed protection for LPs. There's going to be a lot of iteration required to perfect the parameters, design of the oracle, and priority system. But launching it as a protocol in production is a big milestone nonetheless. And I'm very excited to see what's in store.