Overview

ENNI is a decentralized, immutable, and non-custodial CDP protocol on Ethereum. It allows you to borrow stablecoins against your ETH at 0% interest. Depositors can earn up to 5% fixed APR on their stablecoin holdings.

How it Works

Lock your WETH as collateral in a CDP and borrow enUSD or enCHF against it. There are no interest rates, no stability fees, and no time limits on your loan. You repay when you want.

Stablecoins can also be minted 1:1 through Direct Swap using USDC, USDT, or ZCHF. A 0.5% fee applies when redeeming back.

Depositors can earn a fixed 5% APR by staking their enUSD or enCHF in Savings. Withdrawals are instant.

Markets

StablecoinPegCollateralDirect Swap
enUSDUS DollarWETHUSDC, USDT
enCHFSwiss FrancWETHZCHF

Protocol Parameters

Value
Borrow rate0%
Savings APR5%
Max LTV85%
Liquidation threshold88%
Minimum debt400 units
Redemption fee0.5%
ENNI total supply21,000,000
Emission schedule30 years

All protocol parameters are fixed at the smart contract level and cannot be modified.

Stablecoins