# NAV Automation

We’ve introduced Automated NAV (Net Asset Value) Updates to bring institutional-grade reporting and operational automation to onchain asset management.

This feature is:

* Designed and implemented by Enzyme
* Automated via Chainlink CRE (Chainlink Runtime Environment)
* Powered by independent third-party data providers

The default update frequency is every 24 hours, covering most fund and treasury use cases. Higher frequencies can be configured where required.

### How It Works

Chainlink CRE acts as the automation layer, executing these workflows on a scheduled basis.

Enzyme leverages Chainlink’s SDK to build and maintain the deterministic NAV workflows — defining asset inclusion, valuation logic, reconciliation rules, and publication standards.

For portfolio data and activity reporting, we rely on third-party providers such as:

* Octav.fi
* 1Token

These providers may supply reporting across:

* DeFi positions
* CeFi balances
* Custodial accounts
* Derivatives exposure
* Assets in transit on bridges (e.g. CCIP, LayerZero)
* Offchain APIs and external systems (e.g. Interactive Brokers)

This enables hybrid DeFi + CeFi funds and institution-ready structures.

### Data Responsibility & Scope

Enzyme is responsible for:

* Designing the NAV calculation logic
* Implementing and maintaining the automation workflows
* Ensuring deterministic execution via Chainlink CRE

Enzyme is not responsible for the accuracy, completeness, or reliability of data supplied by third-party aggregators, custodians, exchanges, or API providers.

Data integrity, availability, and correctness remain the responsibility of the selected external data provider.

### Optional Risk & Protection Modules

Depending on the chosen provider and configuration, additional safeguards may include:

* NAV anomaly and spike detection
* Automated alerts
* Risk monitoring modules
* Insurance against NAV update failures

Availability and scope depend on provider selection and workflow setup.

###  The process

\
The automation process follows 2 main steps:

1. Plug Onyx to an accounting provider to consolidate the Gross Asset Value
   1. [With Octav](/onyx-user-documentation/enzyme-vault/accounting/nav-automation/automation-with-octav.md)
2. [Set up Chainlink Runtime Environment](/onyx-user-documentation/enzyme-vault/accounting/nav-automation/setting-up-cre.md) to automate the reporting


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