protocol VS l2beat

🏀 Enzyme Finance - actively managed crypto funds (or ‘vaults’) with open track records and strategies for different risk tolerances

Enzyme is what you're looking for: https://enzyme.finance/

Cross-chain-compatible Vaults / Asset Management - Enzyme (https://enzyme.finance/) runs on Ethereum / Polygon, so this niche is a bit taken, but cross-chain vaults can be implemented with a non-tradeable vault-intrinsic token (or tokens). That is, the vault can still run on one chain and implement tokenized versions of strategies that any PM is taking. Enzyme is fairly limited due to only covering Ethereum DeFi.

Check out Enzyme (formerly known as Melon). They've been working on this for years.

If you are holding long term you can potentially earn more by staking it (it allows others to leverage it and pay you interest). It what exchanges do when you leave your crypto with them. There are still RISKS and I personal I don't do any of that. One place to start learning about it is https://enzyme.finance, I have a friend that runs a fund on their platform. There are others out there, this just happens to be the one I know about.

Thanks for information. I really don't know much about Mai. The system I propose doesn't transfer token to user wallet but it transfer to a secure fund where user can do anything he wants: like enzyme.finance. It will be really combination of aave protocol and enzyme without interest but profit sharing.

You could invest in one of the funds at enzyme.finance. You delegate your funds into a vault (smart-contract) managed by someone else but everything remains very much transparent and you can exit at any time.

Enzyme (MLN #332 CoinGecko 164M$ Mcap) - https://enzyme.finance/ - Enzyme is a decentralized asset management infrastructure built on Ethereum. Using Enzyme Smart Vaults, individuals and communities can build, scale and monetize investment strategies. - Enzyme empowers you to build and scale vaults based on the investment strategies of your choice like ETFs and markets. - Main product: https://app.enzyme.finance/depositor/leaderboard

A real layer 2 would look more like something built on Ethereum (can see all its L2s at https://l2beat.com).

Essentially it's a separate network that every few minutes takes every transaction and compresses it into a data blob that it saves on Ethereum along with a proof that the computation was done correctly. The Ethereum L1 nodes then only need to verify the proof instead of re-executing all transactions that happened on the L2.

With this design users can go straight from an exchange like Coinbase onto the L2 and never need to use Ethereum, and fees are 10x cheaper because of the data compression. Fees will soon be 100x cheaper as Ethereum is adding extra space just for these L2 data blobs that is much cheaper than normal Ethereum data space.

Unfortunately it can't be done on Bitcoin right now because Bitcoin nodes don't have Turing complete scripting and so can't verify the proof that an L2 posts to Bitcoin.

We are running & maintaining the site (https://l2beat.com). Our work is to look on the current Layer 2 deployments on Ethereum & show risks and statistics to the end user. Very interesting thing is that we are a public goods company trying to stay as objective as possible in the industry full of subjectivity. What I mostly like in this job is that I am a part of the project shaping how it looks, not only mindlessly taking someones orders.

Candidate:

Ecosystem fragmentation is not necessarily a bad thing. It leads to rapid development through competition. Different L2s are competing against each other to provide the best service and that has lead to a cambrian explosion of solutions. It's also a very effective way to explore the solution space, I'm sure many will disappear, others will get eaten, and at some point there will be consolidation. But all this seems like a good approach early on when tackling complex problems for which the ideal trade-offs are not entirely obvious. Explore as much of the solution space as possible and trim later on.

A perhaps more pernicious problem is liquidity fragmentation. Moving assets between L2s is a tedious friction that leads to fragmentation of liquidity. In that respect, zero-knowledge rollups present a big advantage as you can share liquidity between them as long as they share some zk-circuits that allow to prove statements to both chains. All this is being very actively worked on. And the technology behind it is short of fascinating. The typical HN audience would have a huge hard-on for it, if they didn't have such a strong preconception against crypto-anything.

If anyone is curious to learn more about L2s a good starting point is here: https://l2beat.com/

And if you want to see Ethereum scaling progress you can check it here: https://l2beat.com/scaling/activity

The next major upgrade to the protocol, slated for late this year or early 2024 (date is not finalized yet), will focus on scalability by making L2 activity veeery cheap.

These two links will give you a lot of the info you need to compare L2s: https://l2beat.com/ and https://www.growthepie.xyz/ - enjoy.

Source: https://l2beat.com

Thanks! l2beat.com is the best.

In addition to what others said, I always find https://l2beat.com useful to see a summary of the security assumptions behind the various L2s. Currently, all L2 need to be trusted to some extent as they are still quite in development.

Exponential.fi has good summaries and links to the projects. And https://l2beat.com is also great for judging L2s.

Take a careful look at https://l2beat.com