Bengaluru, India–(Vehement Media. – January 10, 2022) – EasyFi, a multi-chain lending protocol for digital assets, partners with WarirX to provide users with accelerated liquidity development in a fast and cost-effective manner.
EasyFi was mainly created for decentralized finance (DeFi), focusing on scalability, adoption, and composability. In addition to multi-chain, EasyFi also runs on friendly layer two networks and has an inbuilt gasless meta transaction system.
The platform by design runs on public networks to facilitate end-to-end lending and borrowing of digital assets and related financial products. EasyFi is currently available on Polygon, Ethereum, and Binance Smart Chain (BSC). Notably, the cross-chain framework of EasyFi makes it easy for users to borrow and lend across a spectrum of the global market, including permissionless public networks. In addition, through cross-chain bridge contracts, the platform allows users to execute a ray of operations in a non-custodial manner.
EasyFi offers users more ways of lending by providing access to dynamically curated money markets that consist of multiple collateral assets. The platform primarily offers collateralized lending to users and will eventually include staked derivatives assets and non-conventional assets in the future. EasyFi also aims to offer uncollateralized lending and undercollateralized lending. This is in addition to attractive yields with multiple farming & staking opportunities that enable its users to choose and earn rewards on assets of their choice.
EasyFi platform will allow liquidity providers and lenders to choose which borrowers they want to offer a line of credit. This process is facilitated by TrustScore, which runs on proprietary algorithms, allowing the Liquid providers and lenders to evaluate borrowers’ creditworthiness. The platform will also offer structured financial products such as Credit Default Swaps (CDS) that will bring insurance to DeFi. This product will convert high-value loans into tradable instruments, making it possible to mitigate risks, premium yield, and liquidity in financial markets.
The platform has a native token, $EZ, created for numerous vital functions, including governance, staking rewards, protocol incentives, and cross-chain settlement.
Unlike similar projects in the market, EasyFi has gone out of its way to give more to its users. The platform has a dual yield farming system that allows the platform to form strategic partnerships. Through these partnerships, users are rewarded with both the EZ token and the native token of the project in question.
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