EnsoFi｜P2P Cross-Chain Lending Protocol
- Duration
- In Progress
- Task
- Supported Chains
- Category
Table of Contents
Project Details
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.
Token Information Details
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.
Airdrop Information Details
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 Strategy
Airdrop Procedure Summary
- Access the site here.
- Lend.
- Borrow.
Illustrated Instructions
- Access the site here.
- Lend.
- Borrow.
Disclaimer
- ・This article is created for informational purposes only and should not be used to solicit the sale, purchase, or underwriting of cryptocurrencies, securities, or other financial products, nor should it be considered an invitation to engage in such transactions, or constitute financial or investment advice.
- ・The information and opinions in this article are obtained from sources that we believe to be reliable, but we do not guarantee their accuracy, completeness, suitability, timeliness, or truthfulness.
- ・We, the authors, and all related parties are not responsible for any damage or loss caused by or related to the information published in this article. Cryptocurrencies involve hacking and other risks, so please conduct thorough research before using them.
Supervised by
Shingo Arai
CEO, Rokubunnoni Inc.
After completing a Master's degree in Management Engineering at Tokyo University of Science in 2013, Shingo Arai worked as an engineer, data scientist, and data analyst at multiple companies in the web, app, and advertising industries. He entered the cryptocurrency and blockchain space around 2017, founded Rokubunnoni Inc. in January 2018, and launched Crypto Times — a blockchain-focused media outlet — in February 2018. With approximately 9 years in the industry, his expertise spans DeFi, L1/L2 protocols, tokenomics, ZKP, and domestic/international regulatory trends. He actively conducts on-chain asset management and research. He has authored and supervised hundreds of articles, spoken at conferences in Japan and abroad, served as a DeFi investment seminar instructor, and operated KOL ambassador programs.
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