Enzyme now Supports Pendle

Published on: 22.05.2024
Enzyme now Supports Pendle

Enzyme has announced its integration with Pendle, a permissionless yield-trading protocol. This collaboration unlocks new opportunities for Enzyme users to maximize returns through innovative yield management strategies.

Pendle V2: Enhanced Liquidity and Flexibility

Pendle V2 introduces a next-generation automated market maker (AMM) designed to enhance the liquidity experience for users. Here’s what sets it apart:

  • Minimal Impermanent Loss (IL): Protects liquidity providers from losses due to price fluctuations.
  • Enhanced Capital Efficiency: Up to 200x improvement compared to Pendle V1.
  • Low-Slippage Trades: Ensures smooth and efficient asset swaps.
  • Strategic Liquidity Allocation: LPs can earn fees from trading two assets while providing liquidity for only one, optimizing their capital.
  • Flexible AMM Optimization: The AMM can be tailored to specific yield ranges, maximizing liquidity within desired parameters.

Enzyme + Pendle: A Powerful Combination

By integrating Pendle, Enzyme empowers its users with a range of advanced yield-generating options:

  • Strategic PT Swapping: Vault managers can leverage Pendle’s PT tokens, representing the principal value of assets, to capitalize on market conditions and optimize yield strategies.
  • Deep Liquidity Provision: Providing liquidity to Pendle pools contributes to market stability while generating transaction fees and additional rewards for vault managers.
  • Earning PENDLE Incentives: Active participation in the Pendle ecosystem unlocks additional rewards through the PENDLE token.

This integration unlocks the entire universe of PT tokens within Enzyme’s platform. This expanded access empowers vault managers to construct sophisticated investment strategies and achieve superior portfolio performance.

About Pendle

Pendle Finance is a decentralized finance (DeFi) protocol focused on trading and managing tokenized future yields on the Ethereum blockchain. It allows users to separate the ownership (principal) of an asset from its future yield, creating tradable PTs. These PTs offer greater flexibility for investment strategies through trading, leveraging, and hedging.

Website | Twitter

About Enzyme

Enzyme is a user-centric on-chain asset management system that allows for easy access to digital assets and DeFi in a single app. It includes a front-to-back execution and order management system with automated features for reporting, risk management, administration, governance, and operations.

Website | Twitter

Source:
https://medium.com/enzymefinance/enzyme-integrates-with-pendle-to-provide-new-yield-markets-2036ad321ab3

 

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