Bitlayer is the first Bitcoin secure equivalent Layer 2 based on BitVM. Since its mainnet V1 launch in April this year, the project’s TVL has surpassed $300 million, attracting widespread attention from the community. With the ongoing excitement of the Bitlayer Headmine Festival, the 8 projects participating in the event – Lorenzo, bitSmiley, Avalon, bitCow, Pell, Enzo, BitParty, and the newly added Solv Protocol – have shown good performance in on-chain metrics, particularly in TVL, trading volume, and active addresses.
This article will provide readers with important information about the Enzo Finance ecosystem project, which participated in the first phase of the Bitlayer Headmine Festival, and serve as a guide for users.
Project Introduction
Enzo.Finance is a decentralized lending protocol on the Bitlayer chain, featuring advanced algorithmic technology and supporting LP, NFT, and metaverse asset lending.
Ecosystem Data
TVL: $11 million
User address growth rate: 1100%
Social users: 5,000+
Current Headmine Festival APY: 700%+
Headmine Festival lottery event: Total prize pool of 20 BTC, with 14 BTC remaining.
Team Introduction
Enzo.Finance CEO Joshua is an experienced blockchain developer who is passionate about blockchain technology and gaming. He has rich experience in blockchain development and has created DeFi products with a total market value of $2 billion.
CTO Ethan is a senior blockchain technology expert with extensive software development experience. Ethan has deep expertise in building scalable and efficient blockchain solutions. As the team’s technical leader, Ethan is committed to driving technological innovation and development for ENZO.Finance.
CMO Melody has a background in marketing and brand management and has been responsible for market operations in the Web3 industry for 5 years, bringing unique insights into brand building and innovative marketing strategies.
COO Kelvin has extensive experience in operational management and DeFi products. With over five years of experience in the Web3 field, Kelvin has played a key role in optimizing operations and driving user data growth.
Tokenomics
Name: ENZO token
Ticker: $ENZO
Chain: Bitlayer
Total supply (max): 1,000,000,000
Initial price: $0.03
Initial market cap: $30,000,000
Roadmap
1. Q2 2024: Best lending protocol on Bitlayer
Enzo will launch in sync with the Bitlayer chain in early April, providing seamless interoperability and compatibility with other infrastructure within the ecosystem.
Additionally, the platform will debut on decentralized exchanges (DEX) for secure and decentralized trading of ENZO tokens.
Liquidity incentive mechanisms will be implemented to enhance trading liquidity and efficiency on DEX, while supporting through extensive marketing activities and community engagement efforts.
2. Q3 2024: Listing Enzo on centralized exchanges
Advanced smart contract functionalities will be implemented to enhance the security and efficiency of transactions within the ENZO ecosystem.
Strategic partnerships and collaborations with other projects on BitLayer will be fostered to promote interoperability and ecosystem growth.
Enzo token will also be listed on centralized exchanges to expand its coverage and accessibility.
3. Q4 2024: Cross-chain expansion and support for more assets
Platform compatibility will be enhanced by adding support for multiple blockchain networks, thereby increasing accessibility and user adoption.
Asset diversity will be expanded by supporting a wider range of digital assets within the Enzo ecosystem.
The launch of Enzo DAO will empower token holders with voting and decision-making rights.
Headmine Festival Task Introduction
Enzo will airdrop over 100 million ENZO tokens (specifically 102,500,000) worth $3 million to users participating in the Headmine Festival. Users can earn corresponding token rewards by depositing and borrowing assets in Enzo.
Additionally, Enzo has launched the “1 BTC per day” lottery event, where users who meet the lottery criteria have a chance to be selected for direct BTC rewards.
For a tutorial on participating in the Enzo Headmine Festival activity, please refer to: https://www.notion.so/bitlayerlabs/ENZO-300-fbce455bb90c4906a8f3de35df87c44b
