⚠️The nortso interest batch manager is now at the upper limit of what it can set. This means that troves that are using our manager is at risk of redemption as the interest rate of other loans in this branch use >10% interest rate. Please monitor your trove accordingly. One way to effectively protect the branch against redemptions is to ensure that the sFLR SP has more CDP than the total CDP debt in that branch.

The validator has been staked for another 184 days (until Dec 7th). This time the fee is set to 20% to comply with FIP16. The self-bond has been increased to 20M to allow more staking when the caps are raised.

Validator 2 (NodeID-9so5xxbAxuoqz5MANESDbLEQKetKP7AiW) has been staked for another 60 days with a 10% fee. Thank you for everyone who staked with us previously and we hope to see you again☀️ The shortest duration was chosen due to the upcoming FIP.

Enosys Loans is now accepting stXRP and sFLR as collateral! stXRP (@firelightfi) has a mint cap of $4M CDP with an LTV of 62.5%, and a Stability Pool allocation of 15,000 rFLR and 0.1 APS per day in incentives. sFLR (@SceptreLS) has a mint cap of $2M CDP with an LTV of 80%, and a Stability Pool allocation of 5,000 rFLR and 0.05 APS per day in incentives.

Validator 1 (NodeID-3RJrjDMzeZQVDyHDjZ6u1X3Y3WCKY5nbb) has been staked for another 242 days with a 10% fee. Thank you for everyone who staked with us previously and we hope to see you again☀️

Thank you for sharing! flare.builders is a great website to browse Flare/Songbird projects and data

Everyone delegating interest rate to the nortso rate manager in @enosys_global loans can now subscribe to trove updates on Telegram. The bot is t.me/nortso_rate_manager_bot

Because of how concentrated the liquidity is on @enosys_global, we updated the zoom on some of the pools on the analytics website to increase the readability. This applies to pools such as sFLR/FLR and CDP/USDT0. Now you can zoom to a single basis point analytics.nortso.xyz/0x975f0…

If you are using the nortso rate manager in Enosys Loans please check your trove. Because of an error in the "next interest rate calculation", the bot failed to update the interest and redemptions hit some troves managed by us. The issue has been fixed and deployed. Refer to the docs about redemptions, ask here or on Discord or Telegram if you have any questions. docs.liquity.org/v2-faq/rede…

New Milestone Reached! $10 M TVL in FXRP and wFLR Collateral in Enosys Loans! $5.6 M CDP minted, and growing! Borrow CDP against your FXRP and wFLR today at loans.enosys.global/

Introducing the first ever XRP backed CDP - Enosys Loans! Enosys Loans is a friendly fork of Liquity V2 (@LiquityProtocol), deployed on @FlareNetworks. 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 loans.enosys.global/

Very happy to be part of this. Whether you intend to use our rate manager on mainnet or not, please test it on Coston2 and report back if you have any questions. We are excited for the launch of Enosys loans on Flare☀️

The market took a big hit recently but every (APY) Cloud has a silver lining... Rest assured, volatility means volume, which also means DEX fees, which ultimately translates to higher emissions from your @enosys_global governance tokens staked in the APY Cloud.

At long last, Enosys Governance and APY Cloud are now live on the @FlareNetworks! 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.

Enosys Global was founded with a single goal- Create a useful defi product suite that would form the foundation for a real yield generating ecosystem. Our team has been the longest lasting and most prolific builder in this ecosystem. In the last 4 years we have developed and deployed: DeFi Oracles - our Validator and data provider for the Songbird and Flare Networks Skopos - custom blockchain indexing and analysis service Dex V2 - a general purpose decentralized exchange based on Uniswap V2. Farms - Yield farms for incentivizing Dex V2 Liquidity Provision Simple Staking - a one click solution for quickly adding small liquidity amounts to Dex V2 and Farms. Bridge - a bridge system with built in security and pauser functions Gallery - an NFT marketplace and auction house with free NFT minting Clover - a fair distribution and event protocol Ermis - an end-to-end onchain encryption protocol for physical NFT redemptions Samurai Staking - an NFT staking system, automatically allocating a share of revenue to stakers. Oryy - a deterministic deployment of Safe, providing multisig Dex V3 - a concentrated liquidity market maker based on Uniswap V3 Dex V3 Reward Manager - an automated onchain incentive system for incentivizing active liquidity in CLMMs FTSO Reward Manager - an automated onchain system for managing wNAT delegations and rewards Loans - a friendly fork on Liquity V2, providing the first CDP backed by XRP Governance - automatic governance protocol that can actually execute protocol level changes. Now, not all of those products have achieved significant success, not all of them are currently on the Flare Network, and not all of them generate revenue for Enosys or the Enosys Global Ecosystem. However, with the launch of $FXRP and the upcoming launch of Enosys Loans, we believe the ecosystem is now ready. The path is clear. The time has come. The APY Cloud is coming to @FlareNetworks. At its core, the APY Cloud acts like a financial advisor for the Enosys ecosystem, managing yields from the Enosys Global products and services. It collects fees from these products and distributes them to users who stake Enosys governance tokens, HLN and APS. The twist? The system dynamically adjusts payouts based on the ecosystem’s health, ensuring returns are sustainable. The protocol monitors the balance between staked tokens and fees generated by product usage. When usage is high and fees exceed expectations, APY Cloud shares a portion of the surplus with stakers. During lean times, when fees are low, it taps into saved earnings or reserve funds to maintain a minimum return for at least three years, though prolonged low performance could strain this safety net. The APY Cloud operates with three adjustable settings to keep things fair and stable: Minimum APY (5%): This is the baseline return stakers can expect, though it’s not guaranteed in extreme conditions. Maximum APY (35%): The highest yield users can earn, depending on platform performance. Excess Threshold (7%): Any returns above 35% are capped at an additional 7% (totaling 42%), with excess savings stored for future use. These parameters, set through community governance, allow the APY Cloud to adapt to market changes. For example, if the platform earns more than expected for three months straight, it distributes a portion of the excess to stakers daily, encouraging active participation. If earnings dip below the minimum, the system uses saved funds or reserves to cushion the blow, incentivizing users to boost platform activity. The APY Cloud has been running for 4 weeks now on Songbird, distributing current and historical fees to $EXFI and $SFIN stakers at an average APR of ~25-30%. In the coming days, $APS and $HLN holders on Flare will be able to stake their assets in Governance to earn a share of all fees - past, present, and future - earned by all products in the Enosys Global mainnet ecosystem. Historically aggregated fees will be added to the distributor on a rolling basis to avoid front loading and to support the rewards as we head into the Launch of Loans. These fees are distributed in the form they are collected, so stakers will be receiving: wFLR, sFLR, FXRP, HLN, APS, USDT0, USDC.e, eETH, eUSDT, eQNT, BNZ, USDX, and (soon) CDP and stXRP. We know you are thirsty. Let the rains come.

Another 15M available for minting☀️

The cap increases are getting bigger. Let's see how quickly this one fills ☀️

Remember all @FlareNetworks users: If you seem to be encountering a technical issue with something like f-asset minting, just be patient. Anyone offering technical support is a scammer.

Validator NodeID-9so5xxbAxuoqz5MANESDbLEQKetKP7AiW has been restaked for another 181 days until April 6. The fee is the same as last time at 10%. Thank you for everyone choosing our validators and we hope to see you again🙏

We have staked our third validator: NodeID-K4iQCzQ6VSYUchEFNBSvQwhWaunb7sZe5. The fee is 10% and expires at Dec 15. Thank you for everyone using our services☀️ nortso.xyz/validator