Today, Enzyme is thrilled to announce liquidity pool support on Aave V3, the latest version of the widely popular DeFi liquidity platform. Now, users can leverage the enhanced features of Aave V3 liquidity protocol on both our Ethereum and Polygon deployments to earn attractive yields.
What is Aave V3?
Aave V3 is the latest version of the Aave protocol, an innovative, non-custodial liquidity protocol. Users can participate as suppliers, borrowers, or liquidators, earning interest on supplied assets and borrowing in an overcollateralized (or undercollateralized with flash loans) manner. Aave V3 augments the core concepts of its protocol (aTokens, instant liquidity, stable rate borrowing, credit delegation, etc.) with new and exciting risk mitigation and security features.
Some of the key features of Aave V3 include:
- Portal, which allows seamless asset transfer across various V3 deployments on different blockchain networks
- Isolation mode, limiting the risk of new assets used as collateral
- Supply caps, enabling governance to set limits on assets supplied which minimises risk
Why should you supply assets using Aave V3 on Enzyme?
At Enzyme, we are constantly seeking to expand our universe of DeFi integrations for asset managers. In this update, we are excited to make Aave V3’s market available on both our Ethereum and Polygon deployments.
By using Aave V3 on Enzyme to supply and borrow assets, vault managers can:
- Enjoy a more secure, capital-efficient supplying and borrowing experience to earn attractive yields
- Save ≈25% with gas fees with Aave V3’s optimized protocol design
- Take advantage of full transparency and auditability via Enzyme’s UI
- Run composable DeFi strategies by leveraging Enzyme’s growing list of DeFi integrations
Initially, we will support supplying and borrowing across the following assets on both Mainnet and Polygon.
The tokens that will be available on Mainnet include:
- AAVE
- BAL
- cbETH
- CRV
- DAI
- LINK
- LUSD
- MKR
- rETH
- SNX
- UNI
- USDC
- USDT
- WBTC
- wstETH
The tokens that will be available on Polygon include:
- AAVE
- BAL
- CRV
- DAI
- DPI
- GHST
- LINK
- MATICX
- miMATIC
- stMATIC
- SUSHI
- USDC
- USDT
- WBTC
- wMATIC
- wstETH
How to get started with Aave V3 liquidity on Enzyme
To begin using Aave V3 on Enzyme, follow these steps:
- Connect your wallet on https://app.enzyme.finance/discover
- Navigate to DeFi Protocols, then select Aave V3
- Asset managers can then open positions based on the available collateral options
- For more detailed information, please visit our documentation here: https://docs.enzyme.finance/managers/trade/defi-protocols/aave-V3
Interested in launching your own vault? 🚀
With Enzyme’s v4 Sulu, it’s never been easier for managers to create custom on-chain asset management strategies and access dozens of DeFi d’Apps, hundreds of assets and Aave V3 in one simple, trustless and efficient platform.
At Avantgarde, we help institutional investors and crypto-natives get exposure to DeFi investment opportunities.
For business enquiries, please contact: luca@avantgarde.finance
For marketing enquiries, please contact: conor@avantgarde.finance
For support enquiries, please contact: support@avantgarde.finance
