Our journey began at the end of 2023 when we identified an issue with the peer-to-pool lending model: high utilization leading to increased borrowing rates and reduced capital efficiency. To address this, we developed EnsoFi to offer fixed interest rates, ensuring stability and predictability in lending.

Initially, we planned to test our idea through hackathons. Just a month after starting, we joined SuperteamVN's hackathon with an MVP and unexpectedly secured 2nd place, which motivated us to continue.

However, it wasn't easy. We ran into many problems. Our first idea was too complex for our tech team, so we had to throw away two months of hard work and start over with a new design and system. It was a tough and frustrating setback, but we pushed through and rebuilt from the ground up.

We then took this new concept to the Solana Renaissance hackathon, putting in maximum effort and posting regular updates on Twitter. Although we didn’t win any global tracks, we achieved 1st place in the local track, giving us a significant boost.

With support from Superteam, we connected with key partners MonkeyDAO, SpringX by BuidlerDAO, and Angel Investors.

One of big achievement so far was being selected as one of the 13 #SpringX Solana projects from over 106 global applicants. This opportunity allowed us to participate in an intensive acceleration program with guidance from top Solana builders, refining our product and strategy.

EnsoFi is LIVE on Solana mainet

After a remarkable journey, we are excited to announce that EnsoFi is officially live on Solana's mainnet as of July 29th!

This launch marks a major milestone in our development, bringing you a new era of fixed-rate lending and borrowing. We invite you to explore the platform and take advantage of its innovative features. If you encounter any issues or have feedback, please reach out to us via Discord.

Link to the app:

Mainet Campaign

Here’s what you can expect in the coming events:

• Mainnet Launch on Solana - July 29th: EnsoFi officially goes live on Solana’s mainnet.

• EnsoFi Boosting Pass Mint - July 30th: Launch of the Boosting Pass for members of 30+ Communities in Solana. Learn more here

• Season 1 $ENS Rewards - July 31st: Season 1 starts with total pool of 1,000,000 $ENS to reward user with their productive usage. Learn more here

About EnsoFi

EnsoFi a Peer-to- Peer lending protocol, giving users the ability to lend & borrow at a Mutually Interest Rate

Our vision is to establish a peer-to-peer cross-chain lending platform that allows for the smooth movement and accessibility of assets across different blockchain ecosystems.

With EnsoFi, users can borrow assets on one blockchain while using collateral on another, eliminating the need for complex asset bridging between chains.

Learn more about EnsoFi

EnsoFi Official Channels

*Official Website | Discord | X | Docs*