We are proposing the development of the first-ever self-repaying omni-chain ENS subscription. This initiative aims to significantly expand the reach of the ENS ecosystem and enable users with minimal funds on Ethereum to maintain their ENS addresses.

🟣 About Savvy

Savvy DeFi is a decentralized credit protocol on Arbitrum that grants borrowers access to an immediate advance on the future yield of their collateral in the form of Savvy synthetic tokens (svTokens), and is currently building its omni-chain infrastructure.

Savvy protocol allows borrowers to maintain exposure to their choice collateral while gaining access to immediate liquidity with 0% interest, no monthly payments, and no risk of liquidation. Using their existing collateral, Savvy DeFi allows users to continue their investment strategies and get immediate liquidity that can be used for swaps, DeFi activities, or anything else.

⭐ Savvy x ENS

Although there are other decentralized name services, ENS is the king. Unfortunately, it is too expensive to have self-repaying ENS subscriptions on Ethereum due to fees involving many transactions.

This project aims to integrate ENS subscriptions with the Savvy platform where yields generated from users' deposits on any chain automatically pay down the costs associated with maintaining an ENS address.

🚀 How will it work?

Savvy will take away all the hassle of maintaining your subscription:

1. Deposit enough collateral into Savvy
2. Pick a yield generating strategy
3. Never worry about ENS renewals again

💌 How will it improve the ENS ecosystem?

This integration will enable ENS subscriptions to be payable by yields coming from any chain, starting with Arbitrum, and reduce the transaction fee burden on users. Additionally, our approach leverages cross-chain functionality to maximize yield opportunities across various blockchain networks, thus increasing the potential market for ENS users.

We believe this project perfectly aligns with ENS's vision of expanding utility and adoption. It transcends the boundaries of Ethereum, allowing users from any chain to own a prime decentralized ID – an ENS address.

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