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The current state of the cryptocurrency market comprises numerous participants viz. Investors, traders,
lenders, borrowers, and arbitrageurs among others. They exchange hands to the tune of billion dollars
worth of digital assets in custodial & non-custodial markets.
What is Easyfi?
EasyFi is a protocol built with a vision to solve some of the inherent challenges faced by gen 1 defi solutions with respect to the transaction speed and cost which are a bottleneck for defi operations at scale.
Features
1.Low Cost Transactions:-
EasyFi is built using layer 2 blockchain solutions enabling cheaper, faster and more efficient transactions.
Real World integrations
EasyFi is built to solve real world credit requirements with required supply of capital. Hence enabling more stronger adoption.Deeper Liquidity Pool
EasyFi is built using layer 2 blockchain on Matic Network, which harness the capability of Plasma Blockchain concepts.Experience:- amazing UI/UX with gasless transactions. EasyFi will enable frictionless onboarding of users onto it’s platform with inbuilt gasless meta transactions for users enabled by various of it’s ecosystem partner projects.
Yield Farming:- EasyFi will enable users to farm its
native protocol token "EASY" by interacting with the protocol. Anyone can farm EASY tokens when they interact with the platform.Staking:- The farmed EASY token can be staked to to farm MATIC token.
PRODUCTS
There are several products on Easyfi which include:-
- Credit Delegation
EasyFi will enable credit delegation as one of its core products for more trust-based loans where both parties either know each other or accept the level of risk by deciding upon the TrustScore of the borrower.
2.Under collateralized Loans
Under collateralized Loans are going to be one of the most important innovations of the lending industry to enable strong adoption and trust in decentralized lending.
Micro-Lending
There are billions of people in emerging economies who are working only because of daily time-bound loans of small value, however, these people are exploited by exorbitant interest rates by local financiers.Credit Default Swaps
CDS, which brings insurance to DeFi, are also going to be an important feature of the protocol enabling suppliers of the loans especially of a certain size, to be able to convert those loans into tradable instruments and sell them to institutional customers who are willing to cover the risk.
Conclusion
EasyFi is built on a decentralized system for the frictionless borrowing of digital assets on
layer 2 networks to tackle the shortcomings of existing systems, making money markets efficient, and
creating higher-yield bearing opportunities.
https://twitter.com/easyfinetwork