EnsoFi is a decentralized, peer-to-peer cross-chain lending protocol. It allows users to lend and borrow assets across different blockchain networks at mutually agreed-upon interest rates, eliminating the typical interest rate gap seen in other lending models. Unlike many existing lending protocols that operate on a Peer-to-Pool model with fluctuating interest rates, EnsoFi offers fixed interest rates, providing a more predictable and secure environment for both lenders and borrowers.

EnsoFi was founded in 2024 and is based in Hanoi, Vietnam. The platform is part of the broader Web3 and blockchain ecosystem and is designed to support a wide range of blockchains, including Solana and Sui. The project was developed by a team of experienced Web3 builders, many of whom were involved in the Solana ecosystem during challenging times following the FTX collapse​