Making an Investment
Depositing to Enzyme Vaults
Once you've settled on a Vault, you'll need to connect your wallet to the Enzyme app. Click on the
Connect Walletbutton in the top right corner and choose your connection provider. Metamask, Wallet Connect, Coinbase Wallet and Gnosis Safe are currently compatible; if you do not see your preferred provider, please leave us feedback. We are actively integrating new wallets.
Once you're connected, make sure you've got some of your chosen network's native asset (ETH or MATIC) to pay for gas, then click the
Investbutton in the top right corner of the Vault's page. That will launch a modal that looks like this:
You can invest in a vault using ETH or MATIC (depending on which network the vault is on) or the Vault's denomination asset. This is the asset against by which all benchmarks are measured for the Vault's fees. In the case above, the Vault's Denomination Asset is WMATIC. Investing in the vault via the denomination asset is a two step process and requires a transaction for each step.
- 1.Choose an amount to invest and approve it; this transaction grants the vault permission to spend the assets in your wallet
- 2.Deposit those assets in return for vault shares
Approvetransaction, the modal above should stay open and allow you to execute the
Deposittransaction. If you navigate away while the
Approvetransaction is processing, clicking the
Depositbutton on the vault page will bring it up again.
You also have the option of investing with the network's native asset (MATIC, in this case, or ETH on mainnet). This requires only one
Once you've completed either process above and the
Investtransaction is successfully mined, you are officially a token-holder. The app will take a moment to reflect the changes.