#DAPP

Pencils Vaults is now live, marking a significant step for the decentralized finance (DeFi) innovation of the Scroll ecosystem. With over $350 million total value locked (TVL) and a community of over 550,000 active users, Pencils Protocol is a leading DeFi protocol on Scroll and a global force in the DeFi farming space. Whether you are an experienced DeFi participant or new to the field, Pencils Vaults aims to help you easily maximize returns and contribute to the continued growth of Pencils Protocol and the wider Scroll ecosystem (which accounts for 40% of Scroll's total TVL).

Pencils Protocol Vaults and Mind Network partner relationship: advancing the intersection of DeFi, AI, and FHE
Pencils Protocol is strengthening its ecosystem by establishing influential partnerships to advance its mission. One of these partnerships is with Mind Network, which combines Decentralized Finance (DeFi), Artificial Intelligence (AI), and Fully Homomorphic Encryption (FHE). This collaboration creates a secure and scalable ecosystem for innovation in the DeFi and AI fields.

The synergy between the pencil case and the thinking network
The launch of Pencils Vaults is an important milestone for the protocol and its users. This advanced DeFi product aims to maximize returns through leveraged yield aggregation, automated smart contracts, and minimal user input. For example, users like Bob can deposit assets such as 1 pufETH and amplify returns by choosing a 2x leverage, turning a 10% annual return into a 30% return. Vaults smart contracts manage complexity by putting funds into liquidity pools and downstream strategies while securely holding LP tokens.