Yeah, it's been couple of months since the launch of EasyFi project and it has made a whole lot of progress during the few months.
EasyFi Network is a universal layer- 2 lending protocol to digital assets built on Matic Network.
It is a layer 2 protocol in the sense that it ensures faster and cheaper transactions which enable a large number of users to handle several transactions at the same time.
$easy is EasyFi native token.
Some of the core functions are :
Secured loans: A secured loan is a loan in which the borrower pledges some assets as collateral for the loan which then makes the loan a secured debt to the creditor who gives the loan. Secured loans are the basic foundation of the lending industry.
under collateralized loans: These are loans that are not fully collateralized, that is, if the loan has defaulted, the collateral will not fully cover the principal amount.
Microlending: There are several occasions where people need a small amount of loan mostly for emergency purposes.
Microloans are built for that purpose and it's one of the many core functions of EasyFi.
Credit delegation: comes to play for loans above a certain amount.
EasyFi enables credit delegation as one of its core products for more trusted based loans.
As I said before, Easyfi native token is $Easy. The key functions of these token are for:
Governance
Staking reward
Cross-chain settlement
Cross market interaction
and many others.
EasyFi has made a lot of progress since its launch.
It has been listed on several platforms like bitmax, binance, coinDCX, bilaxy exchange, xangle, matchaxyz, dapps, lunarcrush, hotbit_english, delta direct, cryptoranknews, and so on.
LEARN more on https://easyfi.network/
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