EasyFi

Overview of EasyFi

EasyFi follows a DAO model, in which network users can make use of the utility token to express themselves regarding any decisions, including Stake weighted voting (where the number of staked tokens is decided) and Event determination (to gather opinions for any important events from interest rate to collateral terms and so on).

EasyFi Network will bring insurance to DeFi with the assistance of CDS which will enable the loan suppliers, especially of a certain size, to be able to convert those loans into tradable assets and sell them to companies or investors customers who are willing to cover the risk.

EasyFi is one of the first Defi protocol built on Matic Blockchain hence, Matic is supporting the EasyFi project community by offering a Native staking offering wherein addition to Easy tokens, users can also farm MATIC tokens by staking their farmed EASY tokens.

EasyFi as a universal Layer 2 lending protocol is built as a blockchain agnostic money market protocol, starting with the MATIC network, which has helped us to address the most pressing concerns of skyrocketing gas fees and completion time of transactions.

EasyFi, the popular DeFi lending protocol that recently made news by integrating support for Binance Smart Chain has announced a partnership with Mirror Protocol – another DeFi powerhouse that is leading the way with synthetic assets.

EasyFi can help individual investors to access the crypto debt markets while giving larger investors more options to launch lending activities in the DeFi space and also assess the creditworthiness of potential borrowers.

EasyFi is a protocol built with a vision to solve a few 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.

EasyFi, a Compound Finance fork launched directly on the Polygon Layer 2 Network, suffered a major hack on Monday, losing over $60M of the project’s EASY tokens and also $6M of users’ provided liquidity.

EasyFi resolves this issue by adapting Koinfox TrustScore to evaluate borrowers’ credibility, thanks to which depositors can tell who has a clearer payment record and reduce the possibility of bad debts.

EasyFi builds infrastructure close to the customers’ location at the last-mile, allowing service providers to book capacity on the fly to deliver data network services.

Blockchain

Network

With the help of $EASY token different projects can launch their lending and borrowing markets on the EasyFi Network and hence will enable them to reward the users to stake  $EASY tokens for earning rewards in form of tokens of their respective markets and interact with corresponding markets on the protocol.

Support

Transactions

Connected with TrustScore (a decentralized rating mechanism built by Koinfox) EasyFi will enable the community to access billions in the capital that can be allocated efficiently.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.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.EasyFi will enable users to farm it native protocol token "EASY" by interacting with the protocol.Micro Loans from EasyFi are built for the very purpose of enabling people to draw upon small loans quickly for various purposes, be it their small business, medical emergency, or early salary (In case of various territories where salaries are paid in Crypto).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.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.User onboarding and UX is another Big problem with many of defi protocols.

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.

How do I buy EasyFi?

It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including EasyFi.

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What is DeFi?

DeFi is an abbreviation of the phrase decentralized finance which generally refers to digital assets and financial smart contracts, protocols, and decentralized applications (DApps), most of which are built on Ethereum.DeFi is an abbreviation of the phrase decentralized finance which generally refers to digital assets and financial smart contracts, protocols, and decentralized applications (DApps), most of which are built on Ethereum.In simpler terms, it's financial software built on the blockchain that can be pieced together like Money Legos.In simpler terms, it's financial software built on the blockchain that can be pieced together like Money Legos.Read more about DeFi.Read more about DeFi.

What do you think about the EasyFi today?

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What is EasyFi?

EasyFi is a universal layer 2 lending protocol built for DeFi focused on scalability, composability, and adoption.EasyFi will enable users to farm it native protocol token “EASY” by interacting with the protocol.Anyone can farm EASY tokens when they interact with the platform.Farmed tokens are distributed on daily basis to the users based on their interaction contribution with the protocol.

Can you make great looking videos?

If Yes, EasyFi is inviting you to a YouTube video making competition, where you have to make a short video on EasyFi Network.Let’s hear from all our talented community members who have a knack of creativity.

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How do we calculate total value locked (TVL)?

DeFi Pulse monitors each protocol’s underlying smart contracts on the Ethereum blockchain.DeFi Pulse monitors each protocol’s underlying smart contracts on the Ethereum blockchain.Every hour, we refresh our charts by pulling the total balance of Ether (ETH) and ERC-20 tokens held by these smart contracts.Every hour, we refresh our charts by pulling the total balance of Ether (ETH) and ERC-20 tokens held by these smart contracts.TVL(USD) is calculated by taking these balances and multiplying them by their price in USD.TVL(USD) is calculated by taking these balances and multiplying them by their price in USD.You can view the open source project adapters that power our metrics here.You can view the open source project adapters that power our metrics here.

What coins are similar to EasyFi?

The following coins use EasyFi’s ETH Token algorithm and proof-type: Chainlink, THETA, Binance USD, DREP, DREP [old], PancakeSwap, Aave, Maker, FTX Token, Huobi Token, Crypto.com Coin, Dai, Polygon, Chiliz and Holo.

What’s next?

While we move ahead with the distribution plan of the new EASY V2 contract token with the same ticker EASY as per the details mentioned above.While we move ahead with the distribution plan of the new EASY V2 contract token with the same ticker EASY as per the details mentioned above.

What’s the purpose of DeFi Pulse?

DeFi Pulse is a site where you can find the latest analytics and rankings of DeFi protocols.DeFi Pulse is a site where you can find the latest analytics and rankings of DeFi protocols.Our rankings track the total value locked into the smart contracts of popular DeFi applications and protocols.Our rankings track the total value locked into the smart contracts of popular DeFi applications and protocols.Additionally, we curate The DeFi List, a collection of the best resources in DeFi, and DeFi Pulse Farmer, a newsletter covering the latest news and opportunities in DeFi.Additionally, we curate The DeFi List, a collection of the best resources in DeFi, and DeFi Pulse Farmer, a newsletter covering the latest news and opportunities in DeFi.

How do I get involved in DeFi?

Decentralized finance is open for anyone to take part in.Decentralized finance is open for anyone to take part in.You can start by exploring the resources found on The DeFi List.You can start by exploring the resources found on The DeFi List.Stay informed on the latest news and opportunities in DeFi by subscribing to the DeFi Pulse Farmer newsletter.Stay informed on the latest news and opportunities in DeFi by subscribing to the DeFi Pulse Farmer newsletter.And if you’re looking to dive head first into the world of DeFi, we’ve written a beginner’s guide called Zero to DeFi.And if you’re looking to dive head first into the world of DeFi, we’ve written a beginner’s guide called Zero to DeFi.It will teach you the basics, guiding you through how to start earning passive income via DeFi lending services.It will teach you the basics, guiding you through how to start earning passive income via DeFi lending services.

How to Buy $EASY?

If you want to pick up some $EASY I will recommend you to use the decentralized Exchange, Uniswap which is safe and best in liquidity.But just in case if you want to avoid high gas fees.Then you can find $EASY on Binance which is the world's largest centralized cryptocurrency exchange and on Wazirx which is India's largest and best cryptocurrency exchange.

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How do I get my project listed on DeFi Pulse?

Check out this step by step guide on how projects can partner with DeFi Pulse to join the DeFi Pulse Leaderboard.Check out this step by step guide on how projects can partner with DeFi Pulse to join the DeFi Pulse Leaderboard.

How it works?

AscendEX’s innovative staking product allows users to participate in staking and earn rewards directly on the platform.AscendEX aggregates users’ staking interest and delegates assets to trusted validators on their behalf.Simply click the “Delegate” button, and users will begin earning staking rewards.

What hashing algorithm does EasyFi use?

EasyFi is a coin that uses the ETH Token algorithm.

What is the value of EasyFi?

One EasyFi (EASY) is currently worth $12.83 on major cryptocurrency exchanges.You can also exchange one EasyFi for 0.00022947 bitcoin(s) on major exchanges.The value (or market capitalization) of all available EasyFi in U.S.dollars is $32.39 million.

Where can I get EasyFi wallet?

EasyFi produces its own wallet software that is available for download on its website, which allows you to store EasyFi on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

History of EasyFi