By performing all DeFi activities in Enzyme Vault, users can use an easy-to-use interface to track current and historical performance indicators in real time.
Original title: ” New DeFi Gameplay丨An article about how to manage Yearn Vaults through Enzyme Finance “
Written by: Marina De Mattos
Translation: Glendon
On July 6, Enzyme Finance (formerly known as Melon Protocol), a decentralized asset management protocol, announced its integration with Yearn Vaults. Currently, Yearn Vaults are already available on Enzyme Finance, which provides new opportunities for portfolio managers in Enzyme App to open up a high-yield agricultural strategy specifically designed for their needs.
What are Yearn Vaults?
Yearn Vaults pools funds together and adopts a predetermined strategy to maximize the return on the underlying assets integrated in the Vault.
How does the Yearn Vault strategy generate returns?
The Yearn Vault strategy allows users to provide liquidity through their Vault scope in exchange for gains from the agricultural strategy. These strategies, in turn, generate total liquidity provider (LP) rewards, interest returns, transaction fees and/or any other benefits. The Vault strategy is specially constructed to minimize ETH gas costs through batch transactions. The user’s return in this process is the income earned minus the cost.
Why access Yearn Vaults through Enzyme?
With Enzyme hosting Year Vaults, users can access various Year policies and manage them under a single Vault.
Although it is currently possible to imitate some Yearn-like strategies on Enzyme, there are still some reasons why users want to use Yearn Vaults from Enzyme Vault.
Do you find yourself actively transferring funds from one Year Vault to another (or from anywhere else in DeFi to Year)? If so, you will find it much easier to track everything in one place. By performing all DeFi activities in Enzyme Vault, you can use a simple and easy-to-use interface to track current and historical performance indicators in real time.
If you manage a relatively small portfolio and you want to cultivate part of it, then using Year may make economic sense because it may save gas costs. If you think that the gas cost of running a similar strategy on Enzyme exceeds the management/performance costs you pay to Year, Year will provide an excellent solution.
Yearn allows you to “cruise” in the “autopilot” mode, saving you the time required to research and master the most attractive agricultural strategies. If you are a busy person and don’t have time to actively manage between the best returns, then you need to explore what Yearn Vaults can do for you.
Yearn Vaults that have been added to Enzyme include: yv1INCH, yvDAI, yvLINK, yvRAI, yvSNX, yvsUSD, yvUNI, yvUSDC, yvUSDT, yvWBTC, yvWETH, yvYFI, yvCurve-Aave, yvCurve-surve-styv.
How to access Yearn Vaults through Enzyme Finance?
Very simple, after entering the Vault Manager tab, go to Yield and sort the assets for which you want to generate yield. After this is done, you will be able to view all the vaults in which this asset is stored, as well as the relevant options for lending these assets in each vault.
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