Enzyme Introduces Modular Liquid Restaking As-a-Service for LRT Projects

Enzyme is thrilled to partner with Nektar Network, a multilayered restaking network built on top of Ethereum, to power the launch of three new liquid restaking vaults on Enzyme. We are excited to welcome Angle’s stUSD restaking vault, DLC.Link’s dlcBTC Bitcoin Staking pool and Re7's Nektar ETH vault to Enzyme.

Introducing Permissionless and Modular Liquid Restaking, A New Primitive Powered by Enzyme.

Today, Enzyme is excited to announce its partnership with Nektar, which brings an entirely new use case to the protocol: permissionless and modular liquid restaking as-a-service. And to kick things off with a bang, Enzyme users can now deposit on three new Liquid Restaking Token (LRT) vaults, each with a different underlying denomination asset including USDC, WBTC and ETH.

Liquid restaking specifically involves taking liquid tokens and using them to secure other services (AVSs technically) and generate additional yields on top of the classic network validation and staking rewards. This enhances both liquidity and potential earnings within the staking ecosystem.

Enzyme users can now earn yield on USDC, WBTC and ETH, as well as other exciting staking and program rewards.

To learn more or deposit into these vaults, you can explore: Angle’s stUSD Restaking Vault, DLC.Link’s dlcBTC Bitcoin Staking pool and Re7's Nektar ETH Vault, all of which will integrate restaking on Nektar.

Why is Enzyme Best Positioned to Power These Initiatives?

In recent months, liquid restaking has taken the DeFi world by storm. Being quick to recognise this trend, Enzyme has identified a clear value proposition that it can add to the marketplace: enabling early stage restaking projects to attract users, liquidity and boost TVL pre-launch in a permissionless and modular manner.

• Secure and Audited Infrastructure Since 2018: Thanks to Enzyme’s battle-tested smart contract infrastructure, which has been securing funds on Mainnet since 2018 with zero smart contract hacks or vulnerabilities, the protocol is uniquely positioned to help builders accelerate their time to market.
• Built-In Native Features: Restaking + DeFi Integrations: Now, because of our upcoming integration with the Nektar restaking protocol, we can help builders and managers unlock liquid restaking use cases within the Enzyme app.
• Abstraction and Transparency: Enzyme abstracts away layers of complexity by providing a new base-layer primitive upon which staking projects can build and deploy permissionless LRTs. Moreover, the protocol’s fully transparent architecture enables teams and users to have full visibility over the vault’s current and historical assets.

What Are the Benefits of Enzyme’s Modular Liquid Restaking As-a-Service?

Given the surge in popularity of restaking, DeFi projects are competing for adoption and have to differentiate themselves with unique and innovative value propositions. This can consume a lot of time and internal resources for an early stage startup.

The longer projects take to launch, the higher the risk that a competitor will launch before them and absorb some of their market share. Focusing on building and hoping that user adoption will come might be a noble approach — but it’s not a very practical one.

The reality is that most projects simply don’t have the capacity, experience or resources to invest in early adoption. With Enzyme, however, teams can hit the ground running from day 1 to attract liquidity and reward users for participating.

Enzyme’s Tech Features

Ability to Collect Pre-Launch TVL
Enzyme allows early birds to pledge early capital to the DeFi protocol. This pledged capital is held in a smart Vault and is systematically deposited as liquidity to your DeFi protocol once it has launched. This will occur through a custom integration that is audited independently.

User Dashboard to Display Individual Points/Incentives
Early support can be encouraged with incentive programs. The Enzyme team can help curate a bespoke incentive/point system program. Enzyme provides tooling to calculate rewards accrued to users in real-time which can easily be displayed on your vault interface with our API tooling.

White Labelled interface
Enzymes comes with an out-of the box white labelling toolkit which builders can use to display the Enzyme vault directly under their own UI. If teams prefer a fully native integration, Enzyme can provide an SDK toolkit to quickly integrate a range of widgets with different functionality. These widgets can be seamlessly integrated into websites natively with support from our team.

DeFi Connectivity to Boost Liquidity
By leveraging our sophisticated Vaults architecture, which boasts more than 25 DeFi protocol integrations, teams can deploy restaking strategies and tap into our ever-expanding network of audited DeFi integrations, which includes protocols such as Pendle, Curve, Balancer, Aave, Morpho, Gearbox and more.

Cross-Chain Deposits (coming soon)
Enzyme is working on making early support available from a range of different blockchains. Why exclude an audience? This will vastly expand your addressable market.

Extra Utility: Lending/Borrowing (coming soon)
​​Thanks to our strong relationship with Chainlink and other permissionless lending protocols, we can significantly enhance the utility of LRTs by making them eligible as collateral in DeFi. This integration allows users to leverage their LRTs to borrow stablecoins or ETH, thereby maximising the capital efficiency of their assets. By enabling these capabilities, we provide users with greater flexibility and opportunities to optimise their asset utilisation, contributing to a more robust and dynamic DeFi ecosystem.

A Snapshot of the 3 New LRT Vaults Building on Enzyme

Today, Enzyme is excited to announce its support for Angle’s stUSD Restaking Vault, DLC.Link’s dlcBTC Bitcoin Staking pool and Re7 Nektar ETH Vault, all of which will integrate restaking on Nektar.

Here’s a quick overview of each project and vault initiative, including links to learn more for users who are interested in participating.

1. Angle’s stUSD Restaking Vault

Angle is a DeFi Protocol that specialises in building resilient stablecoin infrastructures. stUSD is the yield-generating version of USDA, a multi-audited stablecoin backed by secured debt and U.S. Dollar stable assets, which earns a native Dollar yield paid in USDA.

You can already start participating by depositing USDC into the vault during the pre-launch of Nektar. You’ll earn the stUSD yield plus double points: Angle Prots and Nektar Drops.

Here’s how it works:

• Deposit USDC into the vault.
• Conversion to stUSD: the deposited USDC is automatically swapped into stUSD
• Earning Rewards: Users immediately start earning Nektar Drops and Angle Prots credits, alongside the yield from the stUSD stablecoin.

Upon the launch of the Nektar protocol, the vault will take a significant step forward in its evolution by introducing the restaking mechanism:

• stUSD to ETH Swap: the stUSD held in the vault is swapped for ETH.
• Restaking on Nektar: The swapped ETH is restaked on the Nektar protocol.
• Continuous Rewards: Users earn rewards on the ETH in the form of staking and restaking rewards paid out in stUSD yield-generating stablecoin.

For more information, please click here. To deposit into the vault, please visit: https://stusdrestaking.enzyme.community/

2. DLC.Link’s dlcBTC Bitcoin Staking pool

In a groundbreaking development for DeFi, DLC.Link, the OKX and Chainlink portco, has joined forces with Nektar and Enzyme to introduce native BTC staking on the Ethereum mainnet for the first time. This partnership leverages the unique strengths of each partner to create a secure, efficient, and high-yield staking model for Bitcoin (BTC) holders.

The vault, consisting of dlcBTC at its core, facilitates yield generation on wrapped BTC (wBTC) by integrating with Enzyme’s robust infrastructure and protocols like Aave and Curve.

To deposit into the vault, please visit: https://app.enzyme.finance/vault/0x9c1837b56314c3cf45f78c8720ef2267f4a80450

3. Re7 Nektar ETH Vault

Re7 Labs, a research-driven digital asset investment firm specialising in DeFi yield and liquid alpha strategies, is releasing an ETH denominated staking vault that will provide both native staking plus restaking rewards.

To deposit into the vault, please visit: https://app.enzyme.finance/vault/0x42c61e8b1c2f1a6a298838db1887e0e2523eef53

About Enzyme

Enzyme is a protocol for smart, tokenized wallets designed to accelerate project outcomes and facilitate on-chain asset management. It enables access to digital assets and DeFi from one simple, unified app. It provides a front-to-back execution and order management system, which fully automates reporting, risk management, administration, governance and operations. Whether you’re building a dApp, managing on-chain assets or automating strategies, Enzyme can help you succeed.

About Nektar

Nektar Network is a multilayered restaking network powered by DVT implementing a comprehensive incentives system for its participants. Nektar Network has four layers that extend crypto-economic security of the Ethereum network to additional applications: The Stinger Client, The Diva Staking Protocol, the Nektar Restaking Protocol and the Nektar’s marketplace.

About Angle

Angle Protocol is a DeFi Protocol specializing in building resilient stablecoin infrastructures. The Protocol’s main products are USDA, the most reliable USD stablecoin, and EURA (formerly agEUR), the most traded Euro stablecoin. Known for its innovative stablecoin mechanisms and reliability, Angle is ranked among the safest DeFi protocols on DeFiSafety. Backed by Andreessen Horowitz (a16z), Angle operates as a Decentralized Autonomous Organization (DAO), ensuring community-driven governance with its veANGLE token used for voting governance proposals. Angle Labs, the main contributor to Angle Protocol, also powers Merkl, a platform enabling foundations, DAOs, and protocols such as Arbitrum, Uniswap, or Aave to create tailored and efficient on-chain incentive programs to optimize their liquidity and growth.

About DLC.Link

DLC.Link offers a solution for earning yield on Bitcoin through a process called self-wrapping into dlcBTC. This self-wrapped Bitcoin remains self-custodied and cannot be stolen, ensuring that only the depositor can retrieve it. dlcBTC enables the use of Bitcoin in DeFi applications across Ethereum and other blockchain networks without needing permissions. The platform aims to enhance Bitcoin’s functionality and security within the decentralized finance ecosystem, making it more versatile and integrated with DeFi protocols.

About Re7 Labs

Re7 Labs applies advanced in-house risk tooling and research capabilities to support a wide range of DeFi protocols as a curator and advisor. Re7 has been providing liquidity in DeFi since 2019 deploying capital across yield strategies and liquid venture investing. As DeFi-native managers, they have focused on providing early liquidity to various DeFi protocols to help grow the ecosystem.