EnsoFi is the first decentralised peer-to-peer cross-chain lending platform, giving users the ability to lend on one chain while collateralising on other chain at a Mutually Agreeable Interest Rate.

We know that most of the top players in the crypto lending market, like Aave, Compound, Kamino, and MarginFi, etc, use a peer-to-pool lending model. In this model, lenders put their assets into a pool, and borrowers can take loans from this pool. This system helps manage capital well and has been key to the early success of DeFi.

Despite the benefits, there are 2 problems on peer-to-pool lending that EnsoFI aims to solve: Interest Rate Gap and Fluctuating Interest Rate

These issues create unacceptable rate spreads that hinder the development of a mature financial system. Even if large institutional liquidity were available, there would still be significant slippage on large loans. To enable DeFi to go mainstream and fully realize its potential, it is crucial to address and fix these rate problems. Otherwise, the crypto lending market is missing out on tapping into the huge $10.5 trillion global lending market.

Interest Rate Gap

One of the most significant issues in pool lending protocols is the interest rate gap or spread between borrowing and lending rates. During high demand periods, this spread can peak to as much as 15%, resulting in lenders earning less while borrowers pay more.

For example, as shown above, on Kamino, there’s a period when the interest rate spread can reach to 14.3%.

In the future, this is when EnsoFi will come in and remove the middleman, lenders could set a higher interest rate, like 49%. This would benefit borrowers by allowing them to take loans at the same 49% interest rate directly from lenders, effectively reducing the overall cost for borrowers while lenders earn more.

Fluctuating Interest Rate

Another major problem is the fluctuating interest rates that users face after taking a loan. Interest rates can double or even triple in a short period, causing significant financial stress for borrowers. This volatility is a result of demand exceeding supply, making it challenging for users to manage their loans effectively. This unpredictability makes it difficult to onboard non-crypto users who are unfamiliar with such high volatility and expect more stability akin to mainstream financial products.

EnsoFi’s Solution

• Fixed Interest Rates: EnsoFi offers user-defined fixed interest rates that remain stable throughout the borrowing cycle. This ensures that both lenders and borrowers are protected from market volatility, providing a predictable and secure financial environment.

• No Middlemen: We eliminate the need for intermediaries, which often add an extra benefits to both sides. By directly connecting lenders and borrowers, EnsoFi reduces costs and improves efficiency, offering better rates for all participants.

• Cross-Chain Liquidity: EnsoFi leverages cross-chain technology to provide a seamless lending experience across multiple blockchain networks. This not only enhances liquidity but also enables users to take advantage of the best rates available in the market, regardless of the blockchain.

Vision

EnsoFi strives to become a key leader in the DeFi, particularly in bringing non-crypto users into the ecosystem. We envision a balanced lending environment where users can confidently participate in DeFi without worrying about unpredictable interest rates or excessive costs.

Mission

Our mission is to bridge gaps, eliminate middlemen, and bring stability to the lending space. By offering fixed interest rates and leveraging cross-chain technology, we aim to make DeFi accessible and attractive to both crypto and non-crypto users.

Roadmap

What We've Done:

• Successfully completed our beta test with outstanding achievements, including distributing to over 2,500 Early Contributor NFTs, engaging over 800 active wallets, and facilitating over $63,000,000 in offer amounts and $19,000,000 in loan amounts.

• Received a response with over 5,000 registrations for joining EnsoFi’s Beta-test on Sui.

What We're Doing

• Register for Sui Beta-Test and launch Beta-test on Sui: We’re inviting even more testers to join EnsoFi on Sui. Sign up here for our beta-test to experience firsthand.

• Engage with the Community: A huge shoutout to our amazing communities on Sui for their support.

Mainnet on Solana is Coming:

We’re excited to announce that EnsoFi’s mainnet on Solana is on the horizon.

Stay tuned for updates on our mainnet launch on Solana.

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