Ēnosys
@enosys_global • 104,909 subscribers
Ēnosys pioneers research and development in blockchain technology. https://t.co/zj9YMNb3wX
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We are thrilled to announce the upcoming launch of Enosys Loans, a friendly fork of Liquity V2 by Liquity, deployed on the Flare ☀️. This marks a historic milestone in the DeFi landscape as the first-ever Collateralized Debt Position (CDP) protocol to leverage XRP (FXRP) as collateral to mint a stablecoin. Initially supporting FXRP and wFLR as collateral - but with plans to expand support to include staked XRP (stXRP from Firelight ), FBTC (Bitcoin bridged to Flare), and other assets - Enosys Loans is poised to unlock unprecedented utility for major cryptocurrencies like XRP and Bitcoin in decentralized finance. By harnessing Flare’s advanced infrastructure, including the Flare Time Series Oracle (FTSO) for decentralized collateral pricing, Enosys Loans is set to redefine how non-smart contract assets participate in DeFi. Unlocking DeFi for XRP For the first time, XRP holders can use their assets as collateral in a CDP to mint a new stablecoin, enabling participation in DeFi applications such as lending, borrowing, and yield generation while still maintaining exposure to the underlying FXRP. This is a transformative step for XRP, which, due to the XRP Ledger’s lack of native smart contract functionality, has historically been excluded from the broader DeFi ecosystem. The planned inclusion of FBTC will further extend this capability to Bitcoin, unlocking the potential of two of the most valuable cryptocurrencies-representing trillions in market capitalization-for DeFi use cases. A Friendly Fork of Liquity V2: Proven and Enhanced Enosys Loans builds on the robust foundation of Liquity V2, a leading CDP protocol on Ethereum known for its efficiency, low fees, and user controlled interest rates. By forking Liquity V2, Enosys inherits its battle-tested mechanics while tailoring the protocol to Flare’s unique capabilities. This friendly fork enhances Liquity’s model by integrating Flare’s decentralized infrastructure, ensuring Enosys Loans is optimized for scalability, security, and interoperability. Flare FTSO: Decentralized and Reliable Price Feeds A cornerstone of Enosys Loans is its use of the Flare Time Series Oracle (FTSO) for decentralized collateral pricing. Unlike traditional oracles that may rely on centralized data sources, FTSO aggregates price feeds from independent signal providers, delivering highly accurate and tamper-resistant data for assets like FXRP and FBTC. This ensures that Enosys Loans maintains precise collateral-to-debt ratios, protecting users from volatility and enabling trustless, secure borrowing. With the FTSO’s ability to scale to thousands of data feeds (as seen with FTSO V2), Enosys Loans is future-proofed for supporting an expanding range of collateral types. Delegation Rewards and FlareDrops In keeping with the Enosys ethos, all wFLR that is used as collateral will be delegated on the owners behalf. This wFLR will receive delegation rewards and FlareDrops which will be claimable by the owner when distributed by the Flare systems. Expanding Collateral Options Enosys Loans will initially support FXRP and wFLR as collateral, enabling XRP holders to mint a stablecoin for use in Flare’s DeFi ecosystem. However, the protocol’s roadmap includes support for stXRP, FBTC, and other F-Assets, creating a versatile platform that caters to diverse user needs. This expansion will position Enosys Loans as a multi-asset CDP, allowing users to leverage a variety of high-value cryptocurrencies while maintaining the protocol’s decentralized and trustless ethos.
Ēnosys321,706 views • 8 months ago
Introducing the first ever XRP backed CDP - Enosys Loans! Enosys Loans is a friendly fork of Liquity V2 (Liquity), deployed on Flare ☀️. Secured by decentralized price feeds from the FTSO and protected with live monitoring through HypernativeLabs, Enosys Loans brings the battle tested functionality of Liquity V2 to #XRPFi. Supply FXRP or wFLR as collateral to borrow CDP Dollars - a soft pegged stablecoin - and access the value of your assets without having to sell. Set your own interest rate for borrowing, or delegate rate management to nortso for stress free borrowing. Supply your $CDP to the Enosys Loans Stability Pools to earn protocol fees, liquidation rewards, rFLR and $APS. CDP in the FXRP Stability Pool earns 75% of FXRP branch mint fees and interest, plus 80k rFLR and 0.4 APS per day in incentives. CDP in the wFLR Stability Pool earns 75% of wFLR branch mint fees and interest, plus 20k rFLR and 0.1 APS per day in incentives. Or, supply liquidity to the new CDP/USDT0 LP on Enosys DEX V3 to earn swap fees and a share of 100k rFLR and 0.5 APS per day! Initial Mint Caps are set to $4M CDP for FXRP and $1M CDP for wFLR. Join the next evolution of #XRPFi now at
Ēnosys84,928 views • 6 months ago
At long last, Enosys Governance and APY Cloud are now live on the Flare ☀️! Stake your $HLN and $APS to participate in Governance and earn Real Yield generated by the Enosys product suite on Flare. Fees are aggregated from Enosys DEX V2, Farms, DEX V3, Bridge, Defi Oracles, and soon Loans. These fees are distributed as earned, in the form of WFLR, FXRP, sFLR, USDX, USDC.e, USDT0, HLN, APS, eUSDT, eETH, and eQNT. The APY Cloud uses 24 hour epochs, with fees from our product suite being automatically aggregated and made claimable by governance participants. Reward distributions are delayed by 2 epochs, so first rewards claims will be available in 3 days. The accumulated fees that have been collected over the past 3 years will be injected into the Cloud in a controlled manner to avoid front loading. We estimate these accumulated fees being distributed over the next few weeks.
Ēnosys67,907 views • 7 months ago
So what exactly is Enosys Loans, and why should you be interested? Enosys Loans is an upcoming Collateralized Debt Protocol utilizing assets on the Flare ☀️ (FXRP, wFLR, stXRP, sFLR, etc) as collateral to mint a stablecoin (CDP). This differs from a traditional lend/borrow market like Kinetic.Market☀️ in that the Loans protocol itself is the counterparty to the loan, rather than a pool of user assets that are allocated for lending. In Enosys Loans, borrowers set their own interest rates, with 75% of the interest being paid to that collateral asset’s stability pool. (The remaining 25% is split between Enosys and the APY Cloud.) CDP holders can stake their CDP into one of the collateral branches' stability pools to earn real yield from the protocol, as well as incentives paid out in rFLR and APS. While in the stability pool, CDP staked by users may be used to cover debt during a liquidation event. If this happens, the value of the CDP used to pay the debt is rewarded with 1.05x its value in the collateral asset. Here is an example: A user takes $10,000 worth of wFLR and opens a new loan, taking debt of $5,000 CDP at a user set interest rate of 4%. Their wFLR being used as collateral is automatically delegated to DeFi Oracles, and they continue to receive delegation rewards and FlareDrops, claimable through Enosys. The user then takes $4,000 CDP and places it in the stability pool for FXRP, earning a share of 75% of all fees generated by the FXRP branch, as well as a share of rFLR and APS incentives being rewarded to that stability pool. They take the remaining $1,000 CDP and pair it with USDT0 in the Enosys DEX V3 LP, now earning swap fees, rFLR, and APS incentives based on their share of active liquidity on the CDP/USDT0 pair. A liquidation event happens on the FXRP side and $100 CDP of the users stake is used to cover the debt, leaving the user with a reward claim of $105 worth of FXRP at the liquidation price. So, the user is now earning delegation rewards, FlareDrops, CDP interest yield, FXRP liquidation yield, CDP and USDT0 swap fees, rFLR incentives and APS incentives. All at a user set interest rate of 4% on the initial debt. #XRPFI
Ēnosys48,623 views • 7 months ago
Enosys Loans Walkthrough: Go to on your browser or Wallet Browser. Connect your wallet Select the Borrow Tab Select your preferred collateral (FXRP or wFLR) Input the amount of collateral you want to deposit Input the amount of CDP you want to mint against that collateral Or, use one of the risk based presets Higher Loan to Value ratios carry a higher liquidation risk. Set the Interest Rate for your Loan. Lower rates carry higher redemption risk. You can also Delegate your Interest Rate Management to a Delegate such as Nortso, for a more hands off approach. Click Next to view a Summary of your new Trove. Nothing will be submitted to the Blockchain at this point. Here you will see a summary of the transaction you are about to submit. Note the creation fee, which is calculated from 7 days of interest at the current average rate. If this is your first time using Loans, you will need to approve spending limits for your collateral, and for wFLR as gas compensation. You may now Open your Position, which will send collateral from your wallet to the Loans contracts and return CDP Dollars to your wallet. You can now view and manage your position on the Dashboard. You are now free to stake your CDP in the Stability Pools using the Earn tab, provide CDP as liquidity on Enosys DEX V3, or use it in any other way you would like.
Ēnosys28,992 views • 5 months ago
The prizes in Tier 1 of the Gateway of Destiny Event are available at launch and do not have a minimum unlock. These include: - Samurai NFT (Rare) - Redeemable x10 Redeemable to receive one Samurai NFT (Rare) from The Loyalists' Collection. - XUMM ARKPlate x10 Redeemable through the Ermis protocol for an Ēnosys brand XUMM ARKPlate by tboone8 . - The Rhodium Necklace - Redeemable x1 Redeemable to receive one 'The Rhodium Necklace' NFT, which may be redeemed through the Ermis Protocol to receive a physical Rhodium plated necklace from Ēnosys. - Ēnosys Socks - Pilot Edition 100/100 Redeemable through the Ermis protocol for a pair of Ēnosys - Pilot Edition Socks, a limited edition run of 100 High-quality, Ēnosys Brand Socks. - Nintendo Switch x1 Redeemable through the Ermis protocol for a Nintendo Switch. Stay tuned for more Tier Prize reveals!
Ēnosys28,750 views • 2 years ago
Tier 5 is also where the Gateway of Destiny Event unlocks the Whale Prize! The Whale Prize is a 1 of 1, 100g, 18K Gold Obelisk in a custom Supaku-themed display case. This redeemable NFT will be rewarded to the address that holds the largest number of Quark Boxes at the conclusion of the minting phase. May the biggest Whale win!
Ēnosys18,086 views • 2 years ago
The prizes in Tier 4 of the Gateway of Destiny Event unlock and are added to the prize pool once 4,500 Quark Boxes have been minted. These include: Ēnosys Hoodie - Pilot Edition 20/20 Redeemable through the Ermis protocol for specific sizes of the Ēnosys - Pilot Edition Hoodie. Golden Hand of Supaku Necklace 1/1 Redeemable through the Ermis protocol to receive the Golden Hand of Supaku necklace. This necklace is hand crafted from sterling silver with gold plating. Samurai NFT (Super Rare) - Redeemable x5 Redeemable to receive one Samurai NFT (Super Rare) from The Loyalists' Collection. FLR Finance Golden Necklace x1 Redeemable for a 5.82 gram, 18 Karat Gold necklace from Ēnosys through the Ermis Protocol. Nintendo Switch x1 Redeemable through the Ermis protocol for a Nintendo Switch.
Ēnosys14,206 views • 2 years ago
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