What is Enso Finance?
Enso was started from an experience that most of us share: having a friend who is really good at finding alpha, be it in new tokens, undervalued tokens, or high-yielding farms.
Typically we would pool funds with the friend, which led to a massive coordination effort, numerous Google Sheets, and calculations and recalculations of everyone’s shares. So the question for us was why not simply do it all permissionless on-chain and put your Crypto in a joint strategy?
How we envisioned Enso?
The original vision for Enso has evolved over the past twelve months. At its core, the focus is still on social trading, but other applications for the Enso platform have emerged in the process, which we are very excited about:
Socializing your DeFi trading experience
One such application is being able to create trading strategies with endless possibilities and share the alpha with your friends and the Enso community. Creating any possible combination of DeFi Legos, building strategies of strategies, and yield farming at the same time, all combined with a fun and engaging social experience is at the core of Enso Finance.
Enso and DeFi 2.0
Projects such as OlympusDAO, Tokemak, Fei, and Alchemix have started to alter the relationship between a protocol and its liquidity providers. As a result, Protocol Controlled Value (PCV) has changed how projects create value for their community and manage the longevity of the project. The Enso platform enables DeFi 2.0 protocols, Strategists, DAOs and Syndicates to develop new and even more efficient ways of capital deployment. It does this by having the flexibility to steer liquidity to the most needed bonds, while yield-farming any unused funds at the same time.
Features for DAOs
Investment DAOs can further open up their portfolios to an even wider community of participants. The community can participate in a DAO-built strategy which gives the participants exposure to all the Projects the DAO has invested in by investing directly into the strategy or buying the strategy token on a secondary market.
We couldn’t really come up with a good name for the last set of applications. The best way to describe it would be as Einstein would say:
“Imagination is more important than knowledge, for knowledge is limited, whereas imagination embraces the entire world, stimulating progress, giving birth to evolution.”
With the Enso platform, users will get the tools to create new DeFi primitives that will form interactions with other protocols to generate alpha and generate yields that go beyond the realm of social trading alone.
What’s in store for the future?
As we have for the past year, we will continue to build and improve Enso to offer the best possible product to the community and users. Below is a short glimpse of Enso’s future roadmap and things to come:
Open DeFi recipes
We quickly realized that one of the main limitations in DeFi is that you can only scale through integrations. This race for integrations does not make sense in the long run. That’s why the platform’s future is going to be even more open by enabling anyone to create DeFi recipes without the need for integrations.
Further build out of platform social features
We are taking social interaction functionalities on the platform to the next level, creating even more interaction possibilities between the users and the community, and building trust and reputation in the process. One example of this is a “social score” with full communication between users of the platform.
Gamification
Competition is always good fun. Crucially, though, it provides opportunities for improving performance and can help the community in finding the next Meta Strategist that will have a unique source of alpha.
NFTs and the Metaverse
We do not want to give away too much at this point, but we have lined up some nice surprises for the community and supporters. A sneak peek can be seen in an old tweet of ours.
Data and analytics
Many of the Beta testers hinted at the wish to have a deeper analytics stack to analyze their strategies, so they will get access to all the data they need to crunch out new alpha.
All good — so when is Enso available?
Very soon, keep your notifications on.
Join our community!
In the meantime, please ask questions in our Discord, and provide feedback!
Welcome to Enso Finance — Social Trading Redefined.
LEGAL DISCLAIMER
This article is neither an offer of nor marketing material for financial instruments, financial services or the native ENSO token. Enso Finance is not regulated under any financial market laws in any jurisdiction. It is only the developer and provider of the ENSO platform and protocol. Due to its decentralized nature, the ENSO platform and protocol is neither controlled nor operated by Enso Finance. Enso Finance is neither providing financial services nor offering financial instruments.
Nothing in this article constitutes an offer for sale of ENSO tokens in any jurisdiction where it is unlawful to do so. In particular, any ENSO token to be issued has not been, and is not intended to be as of the date of issuance of this article, registered under the securities or similar laws of any jurisdiction, whether or not such jurisdiction considers the ENSO token as security or similar instrument or not. Further, the ENSO tokens have neither been approved or disapproved by any regulatory authority in any jurisdiction, nor has any regulatory authority passed upon the accuracy or adequacy of this article.
Any liability is excluded to the extent permitted by applicable law.
