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What is Enzyme?
BUILDING SMART VAULTS
Set Up and Configure Your Vault
Vault Basics
Fees
Deposits
Redemptions
Advanced Settings
Confirm
Seed
Whitelabel
Customise Vault Settings
Handling Depositors
Trade, Interact with DeFi & Farm
Accounting, Reporting and Fees
Signaling an Upgrade
Vaults for Organisations
Risks and Nuances
DEPOSITING INTO SMART VAULTS
Browsing the Investor Launchpad
Browsing Vault information
Making an Investment
Monitoring Your Vault
Redeeming
Risks and Nuances
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Vault Basics
Setup: Step 1
The first step of the setup process is simple.

Although each Vault on Enzyme is identified by its own unique Ethereum address, it is also possible to choose a name for it. It is possible for more than one product to have the same name so you might want to check that the name you have in mind hasn't been used before.

The denomination asset is the base asset of your Vault. There are several implications to think about when choosing a denomination asset.
  • Performance Fees*: It is the asset that your Vault's performance fee will be benchmarked and calculated against.
  • Deploying capital: It is the asset that will be received from subscribers to your Vault and therefore the asset that will be held by the product's portfolio before you deploy it.
  • Synthetix: If you plan to use Synthetix heavily, you will need sUSD or sETH to enter in and out of most synth positions. It likely makes sense for you to denominate your product in sUSD for simplicity, security and lower costs (see risks & nuances section).
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