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Enhanced is a decentralized structured yield layer that uses derivatives strategies to help users generate returns from onchain assets. It connects users with institutional market makers via an RFQ auction mechanism: users deposit assets (e.g., PAXG), market makers bid to purchase options, and users receive premiums upfront. Products include vaults and manual trading—vaults automate covered call strategies with compound or income modes; manual mode allows users to customize strike price, tenor, and other parameters. All transactions are signed and settled onchain.
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About Enhanced
Enhanced completed a $1M strategic pre-seed round led by Maximum Frequency Ventures, with participation from GSR, Selini, Flowdesk, etc. Funds were used for product development and operational groundwork.
Launched its first vault product — the PAXG volatility yield vault — as a proof of concept. The vault employs a covered call option strategy, auctioning deposited assets in batches to market makers via an RFQ system. Users can customize parameters such as strike price (103-107% OTM), duration (bi-weekly), and choose between compounding or non-compounding settlement modes. This is the first practice of generating yield from on-chain RWA.
The vault evolved from a single strategy to a multi-strategy range, covering nuances in RWA asset classes and investor profiles. The team stated that gold is just the first proof of concept, with future expansion into broader assets like equities, leveraging the RFQ system to support more asset classes.
Enhanced, a decentralized yield layer, has made notable progress in H1 2026. In April, it closed a $1M strategic pre-seed round led by Maximum Frequency Ventures, with participation from GSR, Selini, and Flowdesk, aimed at product development and operational groundwork.
Product-wise, Enhanced is launching its first 'Thesis Vault' — a Gold Volatility Income Vault using PAXG. It employs a covered call strategy via an RFQ (Request for Quote) system, where users deposit PAXG or USDC (converted to PAXG) to earn premiums. Key parameters: strike prices set 3-7% OTM, 14-day epochs, and a 0.019% fee per epoch (~0.5% annually). Users can choose settlement modes, with a default auto-compounding option.
Looking ahead, Enhanced's roadmap centers on three pillars: 1) More competitive yields via improved auction mechanics and capital efficiency; 2) Broader access — extending options-based yield to more on-chain assets, including tokenized RWAs like stocks; 3) Operational efficiency — distilling complex strategies into an intuitive, objective-first UX. The team also anticipates regulatory tailwinds from the CLARITY Act to boost liquidity and AUM growth.
Ang Kevin (Founder & CEO)
Background: Graduated from the University of Wollongong with a degree in Accounting and Finance. Former Head of Developer Relations at Polygon Labs, later founded Enhanced Labs Inc. Was the youngest global finalist at the 2012 Global Student Entrepreneur Award at the New York Stock Exchange, and was selected for Cohort I of the Ethereum Security Subsidy Program.