Enzyme (@enzymefinance): October was a thrilling month for Enzyme, filled with significant milestones and exciting developments.
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October was a thrilling month for Enzyme, filled with significant milestones and exciting developments. Aave Rewards, @MysoFinance v3, flash loans, Stader Labs, Renzo, YieldNest .... here’s a closer look at the milestones that made October a month to remember ⬇️ 🔒 ENZYME VAULTS As of the end of October, Enzyme Vaults collectively recorded over $160 million in Total Value Locked. Despite a challenging environment influenced by geopolitical uncertainties, Vaults performance remained stable, supported by optimistic market sentiment. In terms of trading volume, USDC, ETH, SOL, and DAI led as the most traded assets, while 1inch, Paraswap, and Uniswap were the primary protocols utilized by Vaults throughout October. 🛠️ PRODUCT In October, we launched our inaugural Patch Notes format, designed to spotlight our latest product developments. This first edition showcases the enhancements and new features introduced throughout the month: - $EIGEN, $USDS, $sUSDS are now available on Enzyme. - Claim rewards for Aave V3 positions. Vaults participating in the Aave v3 protocol can claim their rewards directly within the Enzyme app in just two clicks. - Use Aave flash loans. Aave v3 flash loans are now integrated within our Protocol, allowing users to borrow assets without providing any collateral, enabling advanced strategies. Aave Flash Loans are accessible through our SDK. - Light mode enabled. The Enzyme app now lets you switch from the default dark mode to a light mode option. - With Arbitrum now integrated as a supported network on Enzyme, October saw the creation of 29 new vaults on the network, underscoring users’ demand for asset management solutions on Arbitrum. - @MysoFinance recently became part of the Enzyme ecosystem as we continue to drive innovation in digital structured products. We’re pleased to announce that Myso’s v3 has entered the audit phase, with a planned release by the end of the year. ⚡️ POWERED BY ENZYME @staderlabs — ETHx Hyperloop ETHx Hyperloop provides automation to leverage ETHx. Users can easily deposit tokens (ETH, stETH, wstETH, or ETHx), and participate in this strategy without the hassle of having to manage it. The ETHx Hyperloop strategy is fully automated by tools on Enzyme, leveraging industry security and execution standards, like AWS Key Management Service and Effect. The automation executes the loops to achieve the desired leverage level saving end-users the hassle. @RenzoProtocol and @Re7Capital — $ezETH Liquidity Vault Through Enzyme’s incentivized liquidity vault system, Renzo now offers deeper liquidity, greater transparency, additional rewards, and LP fees. By enabling a simplified and coordinated entry point, the Liquidity Vault provides a more efficient way for $ezETH holders to participate in liquidity provision without the technical complexities or high costs that typically pose barriers. @YieldNestFi and @nektarnetwork — $ynETH Vault Through Enzyme’s platform, restakers can simply deposit their $ynETH. With just a few clicks, users benefit from curated opportunities all while minimizing their exposure to risk and technical complexities. Enzyme automates the restaking process by connecting to YieldNest’s curated strategies and Nektar’s decentralized marketplace. @VaultCraft_io — $LBTC Vault Vaultcraft drives Bitcoin Finance forward. In partnership with Lombard Finance, the LBTC Smart Vault was created to provide BTC holders with access to diverse strategies within a transparent, non-custodial environment.