Introducing Router Protocol; Launch of governance token $ROUTE

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A few days back we announced the launch of EasyFi Access — a dedicated platform for EASY holders & users, offering greater access to new #DeFi projects & partners to conceive, build, & execute various staking, farming & incentivization programs with EasyFi.

Easyfi Access is a brand new initiative by Easyfi Network dedicated to the EasyFi community, aimed at providing easier access to multiple yield generating opportunities viz. staking, farming, exclusive allocation programs, etc. …


On A Defined Path

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Our roadmap of Q4 2020 has effectively brought us to a launch pad where we are ready to fire on all our boosters to push us into a new orbit!

Just so you know, on the way in Q4:


Roadmap to Uncollateralized and Unsecured DeFi Lending

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We believe the decentralized identity layer is finally mature enough to enable the next phase of development in DeFi. In our previous related blog post we explained, in brief, about our approach to achieve under collateralization & non-collateralization in ever expanding DeFi lending markets.

Here’s a reiteration of our plans in two parts — highlighting the completion of two roadmap deliverables in one go.

Part 1: Integration of Credit Rating System & Borrower’s Evaluation Mechanism

Our Approach

In the past, self-sovereign identity platforms have tried to create standards to improve the collateralization ratios through the implementation of social risk distribution, Zero-knowledge proofs, and Credit DAO’s but have thus far had little traction. …


Stake EASY — Farm EASY

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Our community will remember, that we had announced our Dual Farming Program in October this year in our roadmap (Read: EasyFi Q4 Roadmap — The Road Ahead), with the intention of leveraging the growing need for incentivization opportunities for global DeFi users and pass on the benefit to the DeFi and crypto community at large, for maximising their yield.

In this aspect, the DF program (DF2) (Read: EasyFi Launches Dual Farming Program DF-2) was launched on 23 Nov 2020 for 60 days, that allows users to stake their $EASY tokens and farm $MATIC tokens. This, as stated above, is currently underway on our app with the ardent support of our network partner Matic Network. Our partners have committed 5 Million $MATIC tokens, and a daily session supply of 83333.34 …


Exclusive listing of EASY on ProBit Exchange

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We are excited to announce that ProBit Global and EasyFi Network are entering a strategic collaboration to explore, design and build new-age DeFi lending products and services for DeFi users.

This partnership comes at a time when we are seeing an increase in global — individuals as well as institutional — interest in all things crypto. The DeFi space has also seen a boost in its TVL at more than $16 Billion at last count.

We believe that this collaboration will pave a firm path in the integration of CeFi with DeFi and cross-leverage our strengths to bring the best of both the worlds to each other’s users. Our goal is to work together to enable inter-platform interaction and integration in a way so as to allow our users to utilize each other’s platform features without much effort. …


Opportunity to earn $200,000 worth of $EASY

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We are thrilled to relaunch the liquidity sourcing program for $EASY liquidity providers and Hodlers. Users shall be able to stake $EASY-UNISWAP V2 LP Token staking program on the EasyFi App (https://app.easyfi.network/) with effect from today, Friday, 18th of December 2020 at 2100H IST / 1530H UTC.

You can now, once again, farm $EASY tokens on the Ethereum mainchain using our unique $EASY Liquidity Pool Tokens acquired on Uniswap.

The program is now LIVE and you can go ahead & deposit your LP tokens acquired from EASY/DAI or EASY/ETH mining pools on UNISWAP App for farming our native token $EASY. …


Making Liquidation easier for all Asset Markets on V1

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We are thrilled to inform all our users that the Liquidation module is NOW LIVE on the EasyFi App — as on Monday, 14th December 2020 at 1930H IST/ 1400H UTC. The module can be seen at the following link https://app.easyfi.network/#/lending/liquidation and is ready for users of the liquidation processes.

We completed the integration and testing of our liquidation mechanism earlier this month (Read: New Liquidation Mechanism Integration) and after ensuring all money market risks have been mitigated in our contracts, we are making the liquidation dashboard LIVE today.

The Launch of Version 1 of the EasyFi Network’s protocol required a set of necessary processes to be put in place to ensure the protection of investors’ assets on EasyFi. While we did put some important integrations earlier on before the V1 launch (Read: Oracle Integration and Testing and Risk Management System Update), the most important feature integration is the integration of the liquidation mechanisms for the volatile asset markets. …


Transferring ETH from Ethereum to Matic Network and Lending on EasyFi V1

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The EasyFi Protocol version 1.0 went live as on 9th December 2020 with the launch of the first set of tokens for the volatile asset markets. We currently have DAI, USDT, USDC and the newly added ETH market in V1. Users can now supply Ethereum and use it as collateral to borrow other assets on EasyFi.

Read: EasyFi Version 1: Volatile Asset Markets

This article will help our users understand how to transfer $ETH from the Ethereum Network to Matic Network for supplying to Version 1 of the app. …


$EASY On-Chain staking commences on BitMax

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We are very extremely happy to announce that BitMax is introducing $EASY on-chain staking with effect from today, 11th December 2020.

The On-chain staking rewards will be generated from the Dual Farming Program, a decentralized staking program launched by EasyFi recently (Read: EasyFi Launches Dual Farming Program DF-2). This program is offering users to stake their $EASY tokens and earn $MATIC tokens in return. …


Withdrawal of Assets from Version 0

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This is to bring to the notice of our community members that yesterday we launched the Version 1 — Volatile Asset Markets on the EasyFi Network (Read here: ). Consequently, the older version-0 contracts shall hence be deprecated gradually and then removed from the main application. We have taken notice of existing liquidity in V0 contracts which needs to be withdrawn to complete the transition. Please read this document to understand the process and all our subsequent related announcements carefully.

Version 0 → Version 1

As mentioned above, the EasyFi protocol has launched its V1 contracts on 9th December 2020, that renders our previous Version 0 (V0) contracts with limited functionality. …

About

EasyFi Network

EasyFi is a Layer 2 DeFi Lending Protocol for Digital Assets. Focused on plugging various gaps in DeFi adoption, powered by the efficient Layer 2 Blockchains

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