Enzyme Finance

On-chain Asset Management

Deposit

Too many DeFi projects to follow? Too busy to put your own money to work? Find a vault with a proven track record on Enzyme, and free yourself from the day-to-day hassles whilst retaining full custody of your assets. You can filter strategies by assets, risk and performance, and find one that fits your risk profile.

Control

Enzyme enables you to retain custody of your assets at all times. Your money goes where you want it to, whenever you want.

Transparency

Enzyme provides full transparency about how strategies are performing, together with information about how they’re set up, operated and composed.

Build

Enzyme empowers you to build and scale vaults based on the investment strategies of your choice - from discretionary and robo to ETFs and market making. Security is our priority. Our second generation smart contract-enforced platform is thoroughly tested and audited before any mainnet deployments are made.

Value

Enzyme provides an easy, secure and low cost way of setting up and operating your vault. With its in-built accounting tools, it also enables you to report back in real-time to depositors.

Scale

Enzyme connects you to a pool of potential savers, making it easier to attract and build a community of supporters. This means you can focus on what you do best - developing investment strategies.

DeFi Integrations

Enzyme gives you access to a large universe of DeFi tokens and protocols. Want to earn yield by lending or providing liquidity, or invest in an insurance mutual? No problem. You can do it all through Enzyme.

Aave

Compound

Convex Finance

Curve Liquidity Pools

Idle Finance

Maple Finance

Paraswap

Uniswap v2 and v3

Unslashed Finance

Yearn Vaults

More coming soon...

Testimonials

“Asset management is the bedrock on top of which the financial industry was built and allowed it to expand. Enzyme is a best in class infrastructure for Asset Managers, we are happy to see their v2 launch and excited to use it as the Asset Management for our insurance products.”
Marouane HajjCEO at Unslashed

“We have dreamt of a platform like Enzyme since 2013. True disruption of asset management and it is glorious.”
Fran StrajnarFounder at Techemy

Frequently Asked Questions

: Enzyme is a decentralised asset management infrastructure built on Ethereum. Using Enzyme Smart Vaults, individuals and communities can build, scale and monetise investment (or execution) strategies that employ the newest innovations in decentralised finance.
: Enzyme enables Depositors to interact with Vaults in a way which is non-custodial and requires minimal trust between parties. Vault Managers can be bound to performing certain actions or forbidden from others. Furthermore, live accounting is available for both performance and fees which is provable with on-chain data using the Enzyme subgraph. The subgraph also enables us to retrieve other useful reporting data (e.g. trade history or deposits/withdrawals) and make them transparently available to users. Policies such as fees or behaviours around investments can be quickly configured and imposed at a Vault level. Vaults can delegate trading and other Vault functions to third-party addresses.
: Absolutely! This blog post elaborates more on how to use Enzyme for organisations together with Gnosis Safe.
: There’s a lot you can do within Enzyme today and much more coming soon. Some of the highlights include trading on DEXs, lending (e.g. AAVE, Alpha Homora, Compound, etc), providing liquidity on Curve and Uniswap, trading synthetics (long and short!), yield farming and much more coming soon with Sulu.
: At the moment, we are working towards the Sulu release. The highlights around integrations and big features to expect can be found here.
: There are three types of fees you can embed. A management fee, a performance fee and an entrance fee. More details on what these are and how they are calculated can be found here.
: We usually collect and gather feature requests using Canny. Typically we monitor how many upvotes a feature request has and prioritize accordingly. Our user representatives on the Enzyme Council (Felix Hartmann and Giel Detienne) are also actively looking for and helping prioritize user feedback.
: At the moment, the protocol is transitioning towards an AUM based fee which is expected to be implemented in Q3 2021. The fee will be 25bps on Assets Under Management and will directly align interest between users of the network and the value of MLN token which primarily incentivizes development, maintenance and security of the network.
: Yes you can. We have started building enzymeSDK which should help make this easier and easier over time. We have also kicked off a series of blog posts which walks you through how to get started. Keep an eye out for more blog posts coming in this series soon!
: Enzyme doesn’t impose any fees for creating a Vault, but you will be subject to Ethereum gas fees. These vary depending on the price of gas and the amount of complexity you embed within your Vault (e.g. policies, fees etc). Typically speaking, with a high gas price of gwei 120, you can expect to pay around $150-200 to deploy a Vault.
: Ethereum gas fees are currently volatile and high. In the past, we have run gas subsidy programs over the course of several months to help alleviate this burden on our users. Medium term, our team is actively researching various L2 options and will announce our plans in that field when we are ready.
: Security for users is a top priority at Enzyme. This is demonstrated by the fact that the Enzyme Council is primarily composed of technical experts. The contracts have been audited formally by PWC and are available publicly here. A second formal and public audit will commence with Open Zeppelinin Q3 this year. We also run one of the larger bounty programs in the space ($250,000) and have recently teamed up with Immunefi to give it more visibility. Of course, we cannot guarantee that bugs won’t be found in the future.

In terms of upgradability, there are no admin keys or backdoors. Vaults are version-specific and can only be upgraded from one version of the protocol to the next if Vault Managers opt in and signal an upgrade. Depositors have an opportunity to opt out if they do not like the new upgrade parameters being signalled. More on how upgrades work here.

Remember that the tokens and integrations Enzyme supports from within Vaults are also smart contracts - not controlled by Enzyme - and may have their own risks.

As a Vault Manager, there are some risks and nuances you should be aware of too. A list of these is provided here.

As a Depositor, there is always a risk that the value of the Vault you deposit into goes down. There is also a list of nuances you can read about here.
: Open up the app and go to the Vault Manager section and create a new Vault. We strongly recommend using the user docs as a guide to setting up; most configuration options cannot be changed once you have deployed your vault to mainnet.
: Open up the app and go to the Depositors section. Here you’ll find a library of all the available Vaults you can deposit into. The filters are a handy tool if you’re looking for something specific. We strongly recommend using the user docs as a guide and in particular, paying attention to the risks and nuances section specific to Depositors.

Create your own DeFi track record

Traditionally starting an asset management vehicle has been complicated, draining and extremely costly. This has limited the quality of such managers to those who can afford vs those who are good at it. With a 5 minute set-up time and much more streamlined processes there is nothing to stop you from spinning up a vault and getting involved - from anywhere on Earth.

Get Started Now