$ 0.01147
2 hours ago
(-2.48%)
EasyFi is a universal layer 2 lending protocol built for DeFi focused on scalability, composability, and adoption. It has been designed as an open network infrastructure to run on public networks to facilitate an end to end lending & borrowing of digital assets and related financial products.
EasyFi native token ‘EASY’ will be used for the following key functions:
Governance: $EASY token will enable users to be able to play part in the protocol’s governance as EasyFi is going to become a DAO and enable the community to control various governance decisions w.r.t. Running the protocol.
Protocol Incentivization: will enable users to earn rewards from time to time and provide them with voting rights in the upkeep of the protocol and continuous development.
Staking rewards: $EASY token will enable various projects to launch their lending and borrowing markets on the EasyFi network hence will enable them to reward the users to stake $EASY tokens for earning rewards in form of tokens of the respective markets and interact with corresponding markets on the protocol.
Cross market interaction: EasyFi is the first protocol in the DeFi space to enable dual token farming, hence enabling various markets being launched on EASYFI to be able to incentivize EASYFi users to interact with those respective markets.
Cross Chain Settlement: $EASY tokens will be used as a cross-chain settlement instrument in the various bridges created to communicate and share the liquidity with various other sidechain and main chains being built over a period of time like Binance Smart Chain, Polkadot, etc.
Try our free EasyFi V2 (EZ) portfolio tracker if you want to efficiently keep track of your EZ and other coin/token investments.