Acumen Partners with DataHub to power DeFi in El Salvador

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Acumen, a Decentralized Finance (DeFi) lending protocol built on Solana, is thoroughly focused on financial inclusion and social impact. Currently, they are building a DeFi solution to provide fair access to capital for small to medium-sized enterprises (SMEs) globally. Forward-thinking social ideology partnered with cutting-edge technology has Acumen drawing interest from a wide field, including the central bank of El Salvador. We are thrilled to share our new DataHub All-Star Story and explain how DataHub powered Acumen’s direct access to Solana RPC infrastructure & open APIs to help developers build, launch, and scale their project. 

Sign up for DataHub and start building your web3 solution today.

Acumen’s Story

The founders at Acumen are building a microfinance solution bridging digital crypto assets with real-world microloans to provide fair access to capital for entrepreneurs in developing countries. Microfinance or Microcredit is a banking practice that offers small loans at reasonable ethical rates to entrepreneurs to help grow their businesses and escape poverty. The term gained traction in 2006 when Muhammad Yunus won the Nobel Peace Prize for being a pioneer in Microfinance for his belief that access to credit is a fundamental human right. Unfortunately, it has yet to be offered by traditional institutions globally, forcing businesses to take high-risk loans or use credit cards, which is not sustainable. For example, several Small/Medium Enterprises (SMEs) in Latin America that use credit cards to power their business incur an average interest rate of 87%. This leaves many in a revolving cycle of debt. Acumen saw an opportunity to build a global “DeFi for Good” microlending product leveraging Solana’s low transaction costs and offering Acumen StableDapp users a non-correlated yield. Acumen’s mission is to democratize access to capital using Blockchain DeFi technology. 

“DeFi is one of the main sectors that can benefit from Solana's scalability but requires highly reliable infrastructure to thrive. We are excited to help Acumen grow and reach thousands of businesses in need of capital” - Yannick Folla, Head of DataHub at Figment 

Acumen Product Overview

Acumen is a decentralized non-custodial lending protocol built on Solana. Acumen has 3 main products on their roadmap: Lending Platform, Acumen StableDapp, and Acumen Swap. 

Lending Platform
Acumen positioned its Minimum Viable Product (MVP) as a lending platform allowing users to deposit FIAT and other crypto assets for acUSD (Acumen USD Stablecoin) and earn a stable yield. In addition, users have an opportunity to invest with Acumen partners in the Solana ecosystem such as Serum, Mercurial Finance, Raydium, and more.

Lending platform overview from Acumen website.

Acumen StableDapp

The Acumen StableDapp will build upon the digital asset lending platform and provide real-world microloans globally, starting in El Salvador. The StableDapp will: 

  • Democratize Access to Capital: Find an equilibrium point between earning a stable non-correlated yield and affordable rates for microloans
  • Fixed Annual Percentage Yield (APY): Earn a fixed APY of 3–5% 
  • Partner Liquidity Pools: Opportunity to invest in partner projects through Acumen platform
  • Social Impact: Users of the Acumen StableDapp are helping unlock economic freedom worldwide 

Acumen Swap
The final step in Acumen’s product will be the Acumen Swap. The team has plans to build a  cross-chain bridge that allows users to transfer assets from different chains to be used as collateral on Acumen’s lending platform and StableDapp.

Why El Salvador?

“In El Salvador, many businesses have limited options for finances, Acumen, by bridging DeFi with traditional assets, solves this issue, provides a stable yield to DeFi user, and reasonable capital costs to help businesses prosper and grow.” Monica Taher - Technological and International Economic Affairs, Commerce and Investments Representative for El Salvador 


*Watch the full video interview detailing Acumen’s partnership with El Salvador here.

El Salvador,the first country to declare Bitcoin as a legal tender, is now is embracing DeFi in its partnership with Acumen. Together they will create opportunities for small businesses to grow in parallel with the ecosystem in El Salvador. In a separate and additional show of confidence in what Acumen has accomplished, The Central Bank of El Salvador has authorized Acumen as their blockchain protocol lender. That has never happened before. Acumen is the first blockchain protocol in the world to be authorized by a Central Bank and plans to start distributing loans as early as Q1 of 2022. View their Twitter announcement here.

Why Acumen Chose DataHub

Acumen initially launched with a different paid partner but soon realized they would need advanced analytics and increased throughput. Acumen chose DataHub for its reputation as the easiest way for developers to build, launch, and scale new Web 3 applications. After joining up with DataHub, Acumen was able to focus on building their product and launching their first test market in El Salvador. At the same time, DataHub managed the infrastructure and throughput for millions of RPC calls on Acumen's platform.

And it’s not just how easy or fast DataHub makes the process. DataHub acts as a full-on command center for developers with connections to manage their entire stack from indexing, storage, data solutions, analytics, and more. With DataHub, Acumen developers can now access popular web3 tools such as the Solana protocol, Pyth’s High-Fidelity Data, The Graph, and more through our RPC and enterprise-grade infrastructure. DataHub developers can connect to multiple blockchain’s powerful and unique features without becoming protocol experts or managing complex infrastructure. 

"DataHub is a fantastic RPC provider and essential to helping Acumen fulfill its long term vision. They provide double the limits for half the cost of their providers. Their seamless user interface allows us to easily keep track of our node and where it’s being used. We enjoy working with the great teams behind DataHub as they always provide exceptional support and customer service." - Acumen Founders

Looking to cut development costs and time? Don’t wait; sign up for DataHub today.


DataHub ensures that Solana applications are always connected to the network via our highly available read/write node and enriched API infrastructure. Solana DataHub Offers:

  • Gateway Access - RPC Websocket access
  • High availability access to network APIs backed by redundant infrastructure
  • Ability to read on-chain data and submit transactions
  • Easy integration
  • High-quality support
  • Low maintenance
  • Enterprise-grade infrastructure

For developers interested to learn more about Web 3 and building applications on Solana, Figment Learn is a great place to start. Explore Solana’s innovation without jargon with community-sourced tutorials and 101 protocol pathways at learn.figment.io

Helpful Resources 


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About Acumen

Acumen is a DeFi lending and borrowing protocol built natively on the Solana blockchain that leverages DeFi to power microfinance globally. Acumen is a pioneer in using DeFi to address financial inclusion. Acumen was built by a team of leading global developers interested in expanding the Solana ecosystem. 

About Figment

Figment’s purpose is to build a better Internet by increasing usage of the next generation of Proof of Stake blockchains.These efficient blockchains give people greater control of their data, more privacy, and increase financial inclusion. By eliminating intermediaries they also limit the power of centralized data monopolies, rent-seeking financial institutions and anti-social algorithms.

We bring our mission to reality by helping investors stake their tokens; earn yield and participate in securing the blockchain. Our Hubble and Prime applications as well as our governance expertise, allow token holders to analyze, monitor, and make informed decisions. We build Web 3 developer communities via our Learn education program and then make it simple for these developers to launch applications and manage smart contracts via our DataHub platform. And finally, by building and operating The Graph based indexers, we enable the efficient search and querying of blockchain data.

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