EasyFi is a decentralized finance (DeFi) lending protocol that enables credit-based lending and improves user experience with Plasma. The EasyFi network is compatible with Ethereum and can interoperate with the bottom layer of any blockchain, enabling cross-chain asset settlement. The network uses a Proof-of-Stake consensus mechanism (PoS) to guarantee its security.
After migrating to Polygon, EasyFi has become its mainstream mortgage lending protocol. Compared with other lending protocols, EasyFi's feature is that it can use the borrower's on-chain information as credit data for loan evaluation.
EASY is the native functional token of the EasyFi platform and can be used for the following functions:
Governance: EASY token holders can vote on network governance decisions.
Protocol incentives: Users can get EASY token rewards by providing assets or lending assets.
Token mortgage: Projects that build a DeFi market on the EasyFi network need to mortgage EASY tokens.
Network consensus: Users can stake EASY tokens and run verification nodes to participate in the network consensus mechanism.
Get double rewards: Users can get additional EASY tokens and tokens of other DeFi projects by staking EASY tokens.
How to participate
1) Launch Bitget Wallet (Previously Bitget Wallet (Previously BitKeep)) app, switch to Polygon,
2) Tap Browser, enter “easy” in the search field, then tap the returned search result that matches the project name;
3) Browse DApp details and tap Confirm to access the DApp home page, where you can use features such as Lending and Farming;