User-abstracted rehypothecation

Enjoyoors user experience is effortless: Users deposit funds in protocol vaults, receive yield weekly, and request withdrawals anytime. While this might look similar to regular yield aggregators, it has fundamental differentiators: Users can earn a yield on almost any asset across a wide range of blockchain networks, while the protocol introduces a brand-new asset class, synthetic gigaAssets, that act as a proper yield proxy.

The actual ‘magic’ happens on the backend, and we call it rehypothecation. This process essentially boils down to unifying user deposits by minting gigaAssets and maximizing receivable yield through deployments of gigaAssets into broader DeFi verticals. Enjoyoors abstracts all this complexity from users, handling it on the protocol level. Let’s explore how rehypothecation works and see why user abstraction is the central pillar of protocol stability.