EFIX tokenizes Brazilian DI fund shares — tracking the CDI rate at ~15% APY — and bridges them into decentralized lending markets. Regulated collateral. Same-day redemption. Cross-chain leverage.
EFIX bridges the gap between Brazil's regulated financial infrastructure and permissionless DeFi lending markets.
The protocol's core innovation: leveraging D+0 redemption of Brazilian DI funds to eliminate FX hedge costs while maintaining capital protection.
Each leverage loop multiplies exposure to the CDI-USDC spread. The protocol targets conservative 2-3 loops for optimal risk-adjusted returns.
| Strategy | Multiplier | Gross APY | Net APY | Health Factor |
|---|---|---|---|---|
| Hold (no leverage) | 1.00× | 15.0% | 12.5% | ∞ |
| 1 Loop | 1.77× | 22.7% | 20.0% | 1.77 |
| 2 Loops ★ Recommended | 2.36× | 28.6% | 25.6% | 1.49 |
| 3 Loops | 2.82× | 33.2% | 29.8% | 1.38 |
| 4 Loops (max) | 3.05× | 35.5% | 33.0% | 1.28 |
* Net APY after 20% performance fee. Morpho Blue LLTV: 77%. Auto-deleverage triggers at Health Factor < 1.15. CDI rate: ~14.9% (Feb 2026). USDC borrow rate varies with market utilization.
All contracts are live on mainnet. OpenZeppelin security audit is in progress.
A comprehensive technical document covering the protocol's architecture, yield mechanics, risk framework, smart contract design, and regulatory compliance structure.
The whitepaper details how EFIX creates a sustainable yield spread by bridging Brazil's R$6+ trillion fixed-income market into permissionless DeFi lending protocols. It covers the mathematical model behind recursive leverage loops, liquidation risk analysis, oracle design, and the regulatory framework under CVM Resolution 60.
EFIX operates as a CVM-registered closed securitizer under Brazilian securities law, issuing Certificados de Recebiveis (CRs).
Deposit via PIX. Earn CDI yields. Leverage on Morpho. All in one interface.
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