What is Enhancer?

Enhancer is a liquidity & yield optimization layer for decentralized finance (DeFi). In simple terms, it acts as a meta-protocol that works across various DeFi platforms to optimize liquidity incentives and yield for both users and protocols. Rather than creating a new exchange or lending service, Enhancer integrates with existing ones, tracking user deposits and activities via API connections. It redistributes additional rewards (also called top-up rewards or boosts) to liquidity providers based on objective metrics and policies. This means if you provide liquidity on a partner protocol, Enhancer can reward you extra, on top of that protocol’s standard yield, in a transparent and automated way.

Enhancer’s goal is to transform liquidity provision into a fair, transparent, and efficient market. By establishing common metrics and standards, it aims to solve issues like fragmented liquidity, poor user experiences, lack of data on liquidity effectiveness, and security concerns in DeFi. In essence, Enhancer creates a win-win environment: protocols achieve more sustainable growth and stable liquidity, while liquidity providers (LPs) earn healthier, more predictable rewards for their participation.