Blockchain Makes Lending and Borrowing Easier

DeFi is a rapidly expanding field that has outgrown Ethereum, the blockchain on which most DeFi applications are hosted. Because Ethereum can stifle adoption and scalability in the market, the digital asset field must be elevated to be on level with more traditional finance.

The limited number of options for trading the time value of assets is an excellent example of this. The time value of assets, when properly used, may result in market wealth creation and value transfer between borrowers and lenders.

Holding digital assets in an ever-volatile world may be perilous, as their value can quickly depreciate. As a result, holders of digital assets desire a framework that can limit losses while also adapting to rising transaction costs and complexity.

EasyFi is one firm that is working to fix this problem.

EasyFi is a decentralized finance (DeFi)-focused global layer two lending and borrowing protocol. EasyFi’s major goal is to provide a platform that allows for scalability, modularity, and adoption.

EasyFi is a universal layer 2 protocol with an open network architecture that allows for end-to-end lending and borrowing of digital assets and other financial goods across public networks.

All digital assets are supported by EasyFi’s Ethereum-compatible network, which enables for rapid asset settlement regardless of the blockchain while maintaining custody with the asset holder’s network. Users may lend and borrow across a variety of global marketplaces, including private platforms and permissionless public networks, thanks to its cross-chain structure.

Their ‘Proof of Reputation’ contracts assist users in demonstrating their creditworthiness while also encouraging increased efficiency and transparency to promote better lending and borrowing options.

Through their non-custodial contracts, they also offer frictionless exchanges of digital assets while maintaining custody with the original owner, whether on-chain or off-chain.

The Most Recent Moves of EasyFi
Over the last year, the firm has experienced significant growth. In early April, the startup debuted on Binance Smart Chain and teamed with PancakeSwap to offer yield farming incentives.

In addition, their EZ token has been operational on the Binance Bridge since March of this year, which was developed to make token transfers between Ethereum and the Binance Smart Chain easier (BSC).

BSC Bridge integration and deployment of EX on BSC under BEP20 standards are two of the three aims EasyFi set out to achieve when they first created to extend to Binance Smart Chain.

While EasyFi has gotten off to a great start with its layer 2 lending and borrowing protocol, their Q4 goals for 2021 will help them get closer to their objective of expanding the Binance Smart Chain.

Here is what EasyFi plans to introduce in the fourth quarter of the year:

Polygon and Binance Smart Chain both have full lending capabilities.

EasyFi Insure, an insurance-for-money market, enables customers to protect their holdings from market volatility and mitigate market risk.

For real-time smart alerts and notifications on all events on the EasyFi multichain protocol, use EasyFi push notifications.

Traders and arbitrageurs can use EasyFi MTrade to trade complex smart contracts based on on-chain margin trading.

The advent of EasyFi Agamotto provides for universal multi-chain asset relays, allowing for seamless and gasless asset transmission across various chains.

EasyFi Blend will go live, offering advanced smart contracts with strong governance, asset routing, and reconciliation.

EasyFi Stake Derivative Markets is a dedicated market on the major protocol for Staked Derivative Assets.

Raising funds for the EasyFi Developer’s Fund, which will be a dedicated fund for developers who want to build on DeFi’s open lending infrastructure.

EasyFi keeps innovating and moving forward with its initial aspirations to join the Binance Smart Chain.

About EasyFi

EasyFi is scalability, composability, and adoption-focused universal layer 2 lending protocol designed for DeFi. It was created as an open and inclusive financial network architecture that runs on public networks and allows for end-to-end lending and borrowing of digital assets and related financial products. EasyFi is based on the principles of permissionless networks and smart contract automation.