YIELD FARMING SEASON RESTARTS IN EASYFI NETWORK

Easyfi is pleased to announce that, as of March 9, 2000H IST / 1430H UTC, the Yield Farming Program (YFP) in Protocol V1 will be reopened.

HIGHLIGHTS OF THIS PROGRAM

1. Payment of the entire farm reward — Easyfi has given $1.5 million worth of EASY tokens for all three stablecoin markets, i.e. USDT, DAI, and USDC on EasyFi V1 protocol.
2. Daily rewards: For the next 180 days, a total of $120 EASY tokens will be distributed in each of the three stablecoin markets.
3. Total Duration: The YFP will be held for 180 days from the start date, MARCH 9TH.

YIELD FARMING PROGRAM (YFP) BASIC SCHEME

This program is executed on Easyfi protocol in the Polygon Network (formerly Matic Network).

Users need to provide stablecoin for the V1 protocol of the EasyFi Lending Protocol.

If you provide your Stabilcoins as security for loans, the system rewards you with e tokens for your directly linked Metamask wallet.

The user must transfer this e-token and place it in EasyFi on a liquidity farming card provided for this purpose (note the new interface).

Those who provide some or all of the stablecoins listed in the V1 protocol will be rewarded in real-time. USDC, DAI, and/or USDT

STEP-BY-STEP INSTRUCTIONS FOR HIGH-YIELD FARMING

Read the step-by-step guide below to make sure you know how to get started with high-yield farming.

Part 1 — Providing Liquidity for Stablecoin Credit Markets

1. Visit the EasyFi app in the credit module: HERE
2. It must be included in the V1 protocol of the credit module. The user interface has been changed, and the only V1 is displayed.

3. Make sure you are connected to Matic Network RPC in your Metamask (browser extension).

4. Let’s presume you want to give USDT. On the credit module login tab, click the USDT / Tether card, as shown.

5. You will be asked to confirm the method of delivery. Confirm via clicking the Approve button.

6. You will be told to confirm the behavior in the Metamask window pop-up shown here. Confirm by clicking the button. Please notice that this confirmation will incur a small transaction fee in MATIC tokens.

7. Our journal will show the following screen after a few seconds or more. The device will prompt you to borrow USDT at the existing APY rate of 1%. To begin borrowing, enter the sum you want to deposit and press the blue button.

8. This transfer and the process may take a few seconds. Your journal (added to your wallet) will show that you have provided USDT (green card) for the journal when the transfer is complete.

9.This will provide you with two advantages: first, you will receive an EASY — USDT e-token (also known as an interest bearing token, which will appear in your Metamask) that will earn you interest on the supply you just completed; and second, you will be able to borrow any other secure coin depending on the current collateralization ratio.

10. As soon as your delivery begins, an EasyFi USDT-E-Token (eUSDT) will be released in proportion to the stablecoin delivered, which is credited to your Metamask address.

chapter 2: providing e-token for liquid farming

11. When the old e-Token is displayed, the user must switch to the new Farming module (previously, there was only the Dual Farming module). This new module offers two growth options: dual farming and liquidity farming. You should choose liquidity farming.

12. The latest Yield Farming potential can be found in the polygon shown on the left. Then, on the eUSDT card, press the Deposit button.

13. Your Metamask wallet will begin the approval and signing processes for eUSDT. All transaction requests must be accepted and released before eUSDT can be transferred to the liquidity pool.

14. Using the eUSDT card on which you deliver your eToken, you can monitor your deposit in real time until the deposit is complete.

If you’re storing your stablecoins on the Ethereum Network, you’ll need to move them from Eth to Polygon first.

ABOUT EASYFI

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