Today, we’re pleased to announce that Enzyme is able to support depositing on AAVE. This gives Portfolio Managers within the Enzyme ecosystem some nice new yields to monetize!
What is AAVE
Aave is an open source and non-custodial liquidity protocol for earning interest on deposits and borrowing assets. Lending has now been enabled from within Enzyme Vaults and we will be working towards borrowing as part of Sulu.
What problem does AAVE solve?
Vault Managers within the AAVE ecosystem are holding long positions in tokens which they don’t necessarily plan to trade around in the short term. So why not earn additional yield on those tokens? Tokens that will be available to lend include AAVE, BAL, BUSD, CRV, DAI, ENJ, KNC, LINK, MANA, MKR, REN, SNX, SUSDC, USDT, WBTC, WETH, YFI and ZRX.
How to access AAVE on Enzyme?
Easy! Once you’re in the Vault Manager tab, go to Lending and check out the new options we have for filtering between lending providers, tokens and managing your positions from one place.