Ēnosys pioneers research and development in blockchain technology. https://xitter.cf/t.co/zj9YMNb3wX
Joined October 2020
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We are thrilled to announce the upcoming launch of Enosys Loans, a friendly fork of Liquity V2 by @LiquityProtocol, deployed on the @FlareNetworks. 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 @Firelightfi ), 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.
Ēnosys retweeted
Firelight Protocol is now live, with initial cover extended to @SentoraHQ's USD Protected Vault and Protected RWA Vaults.
DeFi now has its missing player: a protection layer for onchain capital.
One year of FXRP on @FlareNetworks, and we have been there since day one.
The FXRP pools on Enosys DEX V3 went live on launch day. Enosys Loans followed in December as the first CDP protocol backed by XRP, and in March we added @Firelightfi stXRP as collateral.
Here is what a year of XRP at work on Enosys looks like, all onchain:
DEX V3
→ 1.54M swaps through FXRP pools
→ $527M in FXRP pool volume
→ $1.5M in trading fees earned
Loans
→ 963 troves opened against FXRP, with $31.9M CDP borrowed
→ 142 troves opened against stXRP, with $805K CDP borrowed
APY Cloud
→ $128.6K in protocol fees from FXRP activity routed to APY Cloud
→ 38,183 FXRP ($53.1K) paid out to HLN and APS stakers
XRP that trades, backs a stablecoin and pays real yield to governance stakers.
Year two starts now: enosys.global/
A year ago today, XRP became programmable as FXRP.
What followed was a run of firsts. XRP in onchain vaults. XRP backing onchain cover. XRP in money markets on Ethereum.
Flare Smart Accounts makes it one click from XRPL.
FCC takes it to confidential computation, with proofs anyone can verify.
That is what unlocks deeper institutional use.
Ēnosys retweeted
Congratulations @Thana_Enosys and @enosys_global
It's been 10 months since @enosys_global launched Governance and the APY Cloud on @FlareNetworks.
In that time, Governance Stakers have received over $250,000 in Real Yield generated from the Enosys product suite.
That's an average APY of ~15% in real yield, paid directly back to HLN and APS Stakers who support the ecosystem by voting on governance proposals.
Personally, I think an average real yield rate of 15% is pretty incredible in this market and helps prove sustainability of the 5-35% bounded goal range in the APY Cloud.
27.1% of that was in flare-networks:native, 21% in $FXRP, 19.8% in $USDT0, and 9.6% in $CDP with the rest from the other various assets paid as fees.
[dune.com/enosys_global/apy-c…]
Due to its success as the highest fee producing product on Flare, Enosys DEX V3 produces ~90% of the fees for the APY Cloud. DEX V3 has supported nearly 5M total swaps for over $1.2 Billion in volume, producing over $3.1 Million in Fees in total.
That high fee rate comes from the high capital efficiency of our Liquidity Providers who do an incredible job of keeping the Network highly liquid at the mark, despite lower TVL.
They are well rewarded for their efforts though, with the current Average and Median 7d APRs on DEX V3 LPs sitting at 99.05% and 107.85% respectively. These yields are mostly from actual swap fees, bolstered by APS and rFLR incentives to help retain liquidity during low volume periods while also de-risking higher liquidity concentration.
[dune.com/enosys_global/enosy…]
Enosys Loans, our friendly fork of @LiquityProtocol's Liquity V2, has still been chugging along. While currently down from peak usage (obviously, since holding collateralized debt positions through a bear market is a risky proposition), Loans has still produced over $500k in fee revenue.
[dune.com/enosys_global/loans]
There are currently 7 weekly APS distributions remaining on the license agreement to BOLD users, at which point our weekly APS outlays will be reduced by ~35%.
Anyway, just wanted to put some numbers out there because we have obviously been in a slow period for quite a few months now, but the Enosys ecosystem remains resilient and productive.
Also, with @HugoPhilion nudging Flare users to take a look around at what's out there on the network, seemed like a good time to remind everyone that the APY Cloud exists and produces a reasonable, reliable, and sustainable Real Yield for HLN and APS stakers.
You can even try it out basically for free, by earning APS providing liquidity on DEX V3 or Stability on Loans 🤷♂️
enosys.global/
Ēnosys retweeted
It's been 10 months since @enosys_global launched Governance and the APY Cloud on @FlareNetworks.
In that time, Governance Stakers have received over $250,000 in Real Yield generated from the Enosys product suite.
That's an average APY of ~15% in real yield, paid directly back to HLN and APS Stakers who support the ecosystem by voting on governance proposals.
Personally, I think an average real yield rate of 15% is pretty incredible in this market and helps prove sustainability of the 5-35% bounded goal range in the APY Cloud.
27.1% of that was in flare-networks:native, 21% in $FXRP, 19.8% in $USDT0, and 9.6% in $CDP with the rest from the other various assets paid as fees.
[dune.com/enosys_global/apy-c…]
Due to its success as the highest fee producing product on Flare, Enosys DEX V3 produces ~90% of the fees for the APY Cloud. DEX V3 has supported nearly 5M total swaps for over $1.2 Billion in volume, producing over $3.1 Million in Fees in total.
That high fee rate comes from the high capital efficiency of our Liquidity Providers who do an incredible job of keeping the Network highly liquid at the mark, despite lower TVL.
They are well rewarded for their efforts though, with the current Average and Median 7d APRs on DEX V3 LPs sitting at 99.05% and 107.85% respectively. These yields are mostly from actual swap fees, bolstered by APS and rFLR incentives to help retain liquidity during low volume periods while also de-risking higher liquidity concentration.
[dune.com/enosys_global/enosy…]
Enosys Loans, our friendly fork of @LiquityProtocol's Liquity V2, has still been chugging along. While currently down from peak usage (obviously, since holding collateralized debt positions through a bear market is a risky proposition), Loans has still produced over $500k in fee revenue.
[dune.com/enosys_global/loans]
There are currently 7 weekly APS distributions remaining on the license agreement to BOLD users, at which point our weekly APS outlays will be reduced by ~35%.
Anyway, just wanted to put some numbers out there because we have obviously been in a slow period for quite a few months now, but the Enosys ecosystem remains resilient and productive.
Also, with @HugoPhilion nudging Flare users to take a look around at what's out there on the network, seemed like a good time to remind everyone that the APY Cloud exists and produces a reasonable, reliable, and sustainable Real Yield for HLN and APS stakers.
You can even try it out basically for free, by earning APS providing liquidity on DEX V3 or Stability on Loans 🤷♂️
enosys.global/
rFLR rewards for Enosys DEX V3 LPs and Loans can now be claimed at portal.flare.network/
The Enosys Ecosystem rFLR allocations have changed slightly for this month.
rFLR incentives for the USDX/USDT0 pair have been removed.
Allocations for May 27 - Jun 26 are listed below.
Wondering how to get involved?
Open a CDP Earn position at loans.enosys.global/earn
Or, put your liquidity to work at v3.dex.enosys.global/liquidi…
Ēnosys retweeted
The full XRPFi stack is hard to fit in one minute.
See @HugoPhilion on XRP yield in @RippleXDev's latest XRP in One Minute👇
Can XRP be used in strategies involving lending and vaults? Absolutely.
@HugoPhilion breaks down how XRP can be used as collateral to access yield strategies.
That includes wrapping XRP as FXRP on @FlareNetworks, borrowing stablecoins against it, and deploying those assets into other protocols, alongside vault-based strategies on XRPL and Flare.
XRP in a Minute 👇 on.ripple.com/4vm2fjm
Ēnosys retweeted
Live in limited fashion on Songbird.
Dual Band Reward Manager (DBRM)
Full release + Flare very soon
help.enosys.global/enosys/en…
Ēnosys retweeted
Decentralized, trustless, fully onchain Limit Orders are now live on @FlareNetworks.
Limit orders can be built on top of @enosys_global DEX V3, or @SparkDexAI V3.1 and V4.
Supports any token/pool including custom tokens.
Check it out at thanasdefitools.xyz/
Or read up on how it works, and how you can run your own executor bot at thanasdefitools.gitbook.io/t…
Ēnosys retweeted
FAssets v1.3 is live on Songbird.
Minting no longer goes through agents — users initiate it directly on XRPL with a labelled payment. FXRP routes via destination tags and memo.
The same paths $XRP already uses.
What changes for users:
– No agent selection
– No reservation step
– No lots. Mint any amount
– Aligned with how exchanges and wallets already send XRP
XRPFi doesn't scale on new apps alone. It scales when getting into those apps feels like sending $XRP.
v1.3 is that step.
First the rails. Then the rush.
rFLR rewards for Enosys DEX V3 LPs and Loans can now be claimed at portal.flare.network/
The Enosys Ecosystem rFLR allocations have not changed for this month.
Total APYs ranging from 2.8% - 110% on rFLR Pools!
Allocations for Apr 27 - May 27 are listed below.
Wondering how to get involved?
Open a CDP Earn position at loans.enosys.global/earn
Or, put your liquidity to work at v3.dex.enosys.global/liquidi…
Ēnosys retweeted
Let's see if anyone in the @FlareNetworks community is willing to respond to a question like this.
This form does not collect user data, only anon answers.
Please repost and tag those you know who are interested in bringing more value to Flare.
forms.gle/qBiSBsHb9TosN2JAA
XAUt0 would be great.
Also, maybe we can figure out a way to put together a poll of sorts to find out what assets @FlareNetworks participants are already holding that they would want to actually bring to the network.
It's well and good for users to say what they want to see, but those opinions can often be speculative in nature, when what we really want to know is -
"What assets would you bring onto Flare, yourself the user"
Would need to be a real data collection, not just a simple poll if we wanted it to be an informative dataset.
Ēnosys retweeted
$18M of FXRP locked in @enosys_global DeFi protocols, generating yield that feeds into the APY Cloud.
Love to see it
Ēnosys retweeted
The Governance proposal creates flexible leverage into future progress. FIRE collects:
- FDC transaction fees
- MEV earnings
- FCC fees
- FAsset earnings
This means if Flare’s success stems from:
- Non smart contract token DeFi (XRPFi, BTCFi etc) - FIRE collects from FDC, MEV & FAsset earnings
- Vanilla DeFi - Fire collects from MEV
- RWA based - FIRE collects from FDC, FCC & possibly MEV
- AI based - FIRE collects from FDC & FCC
- A mix of some areas or all areas - FIRE collects from all of the above
Ēnosys retweeted
JUST IN: @FlareNetworks proposes capturing MEV revenue at the protocol level to fund $FLR buybacks and burns, while cutting annual token inflation from 5% to 3%.
Ēnosys retweeted
Massive increase in both DEX volume and protocol revenue for @Enosys_Global on Flare, starting off 2026 strong 💪
Trying something new.
Got all of the @Dune and @DefiLlama data pulled together for our major products.
So, here is the first Quarterly report for @enosys_global on @FlareNetworks.
Ēnosys retweeted
Trying something new.
Got all of the @Dune and @DefiLlama data pulled together for our major products.
So, here is the first Quarterly report for @enosys_global on @FlareNetworks.
New Incentivized LPs have been launched on Enosys DEX V3!
CDP can now be paired directly with wFLR or FXRP in new 0.30% fee pools.
Each LP earns 5000 rFLR and 0.1 APS per day in incentives.
Put your assets to work now at v3.dex.enosys.global/liquidi…
