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Enosys DEX V3 is now live on Flare ☀️ ! It features: Concentrated liquidity positions Native LP incentives Delegation and FlareDrops rewards Optimal Swap Routing Check it out at :

48,031 views • 1 year ago •via X (Twitter)

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Ēnosys's profile picture
Ēnosys1 year ago

We have initialized and incentivized 72 Liquidity Pools across fee tiers with varied levels of $APS incentives. These incentives will last for 30 days, and will be renewed with adjustments as we gather data on liquidity behavior.

Ēnosys's profile picture
Ēnosys1 year ago

The first incentive epoch will end approximately 4 hours post launch, at which time APS incentives will become claimable. Future epochs will be 12 hours. APYs for incentives will not be displayed at launch, as APY estimate calculations will rely on historical data.

Ēnosys's profile picture
Ēnosys1 year ago

Additionally, 5 LPs will be added to the @FlareNetworks rFLR emissions system: WFLR/USDC.e (SG) 0.3% fee WFLR/USDT (SG) 0.3% fee WFLR/sFLR 0.05% fee USDT (SG)/ USDC.e (SG) 0.05% fee USDC.e (SG)/USDX 0.05% fee Final details will be released when confirmed with the Emissions Committee.

Ēnosys's profile picture
Ēnosys1 year ago

Swaps will be disabled for a short time as we allow for liquidity to be added. We expect swaps to be opened before the end of the first epoch.

CANDDAO's profile picture
CANDDAO1 year ago

@FlareNetworks Nice work @0xbannik @Thana_Enosys @YabbaDabbaDonut 🫡🫡🫡

PayMeInXRP☀️'s profile picture
PayMeInXRP☀️1 year ago

@FlareNetworks

PayMeInXRP☀️'s profile picture
PayMeInXRP☀️1 year ago

@FlareNetworks

MaxYel's profile picture
MaxYel1 year ago

@FlareNetworks Congratulations 🫡👌🫵🤑

Cesur's profile picture
Cesur1 year ago

@FlareNetworks

ry's profile picture
ry1 year ago

@FlareNetworks @sentosumosaba @ThinkingCrypto1

Related Videos

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

Ēnosys

48,697 views • 10 months ago