Avantgarde Finance 🦏·Aug 10The State of Enzyme’s TokenomicsTLDR MLN token is a utility token that accrues value by charging protocol fees; token inflation is used to fund protocol maintenance & development. Fees began for the first time with the launch of Enzyme v4 in March 2022. All v4 vaults now pay a 25 basis points (bps) fee on…Defi8 min read
Avantgarde Finance 🦏·Aug 8Building a Trading Bot on Enzyme — UpdateWritten by Jeremiah McCurdy, Software Engineer at Avantgarde Finance A little over a year ago… Erin Koen (software engineer and head of Asset Management at Avantgarde Finance) created a trading bot that executes programmatically on an Enzyme vault. It was accompanied by a great how-to-article on using it to set…Ethereum6 min read
Avantgarde Finance 🦏·Jul 27Enzyme User Representatives Elections Are Now Live!TLDR: Starting on July 27th, 2022, eligible users will be able to nominate themselves to become Enzyme User Representatives (EUR) for the Enzyme Council Users are considered eligible if they meet the eligibility criteria listed below EURs are designed to collect, prioritise and deliver user feedback to the Enzyme Council…Blockchain4 min read
Avantgarde Finance 🦏·Jun 6A secondary market for your Enzyme vault shares: the best of both worldsTLDR: Our V3 only allowed for minting and redemption of vault shares, and those ERC-20 tokens were not transferable to third parties. On our V4 Sulu, vault managers can enable an alternative option for depositors who want to exit by transferring their shares instead of going through the classic redemption process. …Defi6 min read
Avantgarde Finance 🦏·May 19Are you charging performance fees on Enzyme? This is a must read for you.TLDR: The V3 calculation method for performance fees has been improved due to its excessive on-chain complexity. The V4 method is much simpler for the protocol and more beneficial for vault managers. Managers can now accrue performance fees on a continual basis instead of waiting for the fixed crystallisation period and…Blockchain4 min read
Avantgarde Finance 🦏·May 12This new Enzyme feature will obliterate your Ethereum gas fee concernsTLDR Enzyme V4 comes with a new Gas Relayer feature that allows managers to run vaults without worrying about paying for high gas fees out of their own pocket This new feature has financial implications for the vault depositors that managers must be aware of before implementing Using this powerful…Defi6 min read
Avantgarde Finance 🦏·May 10Maple Finance Comes to Enzyme!Today, we’re pleased to announce that Enzyme is able to support lending on Maple Finance. This gives Portfolio Managers within the Enzyme ecosystem some exciting new yields to monetise. What is Maple Finance? Maple is the first undercollateralised lending protocol for institutional borrowers. The protocol creates unique and interesting lending opportunities of up to…Defi3 min read
Avantgarde Finance 🦏·May 9Enzyme V3 vs V4: Why should you upgrade your vault?TLDR: Enzyme V4 comes with powerful extra features that make the asset management experience much easier and more affordable Not only do V4 features make the manager’s life easier, but it also makes the depositor’s experience is more convenient and enjoyable ( → higher conversion and more capital) For new…Defi7 min read
Avantgarde Finance 🦏·May 4A Call to Managers Building Uniswap v3 Strategies!Today, we’re excited to announce that Enzyme now enables you to build and actively manage Uniswap v3 strategies. For active liquidity managers, this offers an easy platform to monitor and manage your liquidity strategies whilst allowing third parties to tag along in exchange for a fee. …5 min read
Avantgarde Finance 🦏·Apr 27How to build, scale and enhance index performance using DeFi composability on EnzymeEnzyme can be a very powerful tool when building crypto indexes. The protocol functions as a DeFi operating system, which means that managers can massively reduce costs associated with building, operating and maintaining an index. …Cryptocurrency6 min read