What is Fensory?
Fensory is a high-yield savings and trading product built for Solana users. It is a Seeker application that allows users to deposit SOL and stablecoins into different yield-generating opportunities while also providing access to tokenized stocks that can be traded around the clock. Fensory brings decentralized finance products to a single platform. Instead of manually moving assets between lending protocols, staking providers, and vaults, users can explore available pools and manage their positions through the Fensory Seeker dapp. Search “Fensory” in the Dappstore and download the app shown below.
Depending on the selected opportunity, users may earn yield through:
- Lending: Supplying assets to decentralized lending markets
- Trading Stocks: Buying and selling tokenized stocks for profit.
- Staking: Committing SOL or related assets to help secure the network
Fensory advertises potential savings yields of up to 12%, although returns are variable and depend on market conditions, asset demand, and the specific strategy selected. Register by signing in with a Gmail account or a wallet. I signed up first, then I connected my wallet.
SOL and Stablecoin Savings
Fensory heavily supports yield strategies involving stablecoins and SOL. SOL-based opportunities use staking strategies, while stablecoin pools generally generate returns by lending deposited funds or deploying them into managed vaults. Stablecoins can reduce exposure to the price volatility associated with assets such as SOL. However, they still carry risks, including loss of their peg, smart-contract vulnerabilities, and protocol insolvency.
Yield Pools
The Curated yields section displays the yield opportunities available through Fensory. Traders can compare supported assets and their estimated annual percentage yields before making a deposit. Multiple yield strategies from the top protocols on Solana are available to choose from. To start earning, connect a supported Solana wallet (I used my Solflare wallet on Seeker) and select any of the protocols with the APY of your choice.
Review its estimated yield and associated protocol, enter the amount you wish to deposit (shown below), and approve the transaction in your wallet. Once the transaction is confirmed, the deposited funds and accumulated rewards can be monitored through the portfolio dashboard.
Redeeming the amount deposited means withdrawing the invested amount plus the interest that has accumulated on the capital.
Trade Stocks 24/7
In addition to its savings products, Fensory offers access to tokenized representations of popular stocks. Unlike traditional equity markets, which operate during fixed weekday sessions, these assets can be traded 24 hours a day, seven days a week. This gives users the ability to gain price exposure to familiar companies directly within their crypto app. I selected the Tesla xStock to test the product. It is as simple as purchasing a regular cryptocurrency asset on-chain.
Input the slippage of your choice, and the amount of the tokenized stocks to buy using USDC or USDT. The same interface can be used to sell the stocks when there is a need to exit the position.
Portfolio
The Portfolio section gives users an overview of their holdings and activity across Fensory. It can be used to monitor deposited assets, active yield positions, accumulated returns, and trading balances from one place. This makes it easier to track how funds are distributed between savings strategies and tokenized assets. The Search feature helps a user find specific strategies by just typing the keyword. Fensory loads up whatever protocol has what is being searched for.
Conclusion
Fensory combines Solana-based yield opportunities and continuous tokenized-stock trading in a single application. Its yield sources offer a simpler way to access lending, staking using SOL and stablecoins, while its trading feature extends market access beyond traditional trading hours.
