EnsoFi｜P2P Cross-Chain Lending Protocol

EnsoFi is the first decentralized P2P cross-chain lending protocol that allows users to lend and borrow at mutually agreed interest rates. It solves the problem of interest rates fluctuating significantly within a few days, and the disadvantage for both lenders and borrowers in an environment where there is a difference between the interest rate paid by the borrower and the interest rate received by the lender, especially when the spread is very high.

• Seamless Cross-Chain Integration: Free from the limitations of single-chain protocols. With EnsoFi, crypto assets will have instant access to pools of borrowers and lenders across multiple blockchains.
• Mutually Agreed Interest Rates: Provides users with flexible, user-defined interest rates agreed upon by both lenders and borrowers. This interest rate remains constant until the end of the lending period.
• Elimination of Interest Rate Gaps: By eliminating intermediaries in peer-to-pool lending, EnsoFi ensures that the interest rate received by the lender is the same as the interest rate paid by the borrower, eliminating the gap.

Currently operating only on Solana, it is planned to support various chains such as Monad, Sui, Base, and Injective in the future.

Ticker - $ENS Total Supply - 1,000,000,000

The $ENS token functions as a governance token similar to $MKR issued by Maker, and also provides exclusive benefits, incentives and rewards, and access to premium features.

Exclusive Benefits: Token holders will enjoy exclusive benefits such as priority access to new features and participation in special reward programs. Incentives and Rewards: The $ENS token offers opportunities to earn rewards through various incentive programs. Access to Premium Features: The $ENS token grants access to premium services and features within our ecosystem.

EnsoFi has allocated 25% of the total supply of $ENS tokens as rewards for protocol users. In Campaign Season 1, starting July 30, 2024:

• Lending Offer - 0.8 points per $1 when a user creates a lending offer and the offer is in the "Seeking Borrower" status.
• Lending Contract - 1 point per $1 when an offer is accepted by a borrower.
• Borrowing Contract - 1.2 points per $1 when borrowing.

Also, NFTs have already been distributed to testnet participants, and holding an NFT will provide a multiplier boost to point earnings.

Airdrop Procedure Summary

1. Access the site here.
2. Lend.
3. Borrow.

1. Access the site here.
2. Lend.
3. Borrow.