What is EasyFi? EasyFi is a lending protocol that has made a name for itself in the world of decentralized finance (DeFi). Accordingly, users can borrow and lend through the protocol and earn interest. In this article, you can find answers to questions that investors are looking for answers to, such as what is EasyFi, how does it work, what does EZ coin do. As Kriptokoin.com , we have prepared for you.
What is EasyFi?
EasyFi is a DeFi focused Blockchain project. The project is a global lending protocol running on layer-2. In this context, the protocol has high scalability and composability. Also, by using these features, it aims to be adopted by the crypto community. Therefore, the protocol works with fully open networks and has an open source infrastructure. Additionally, EasyFi enables asset transfer between chains and private platforms.
The project aims to create a platform where digital assets and financial products can be borrowed and exchanged. In this way, users can perform loan transactions more easily. The platform, which enables end-to-end asset sending, works on public networks. In addition, it serves with an open network infrastructure. The protocol uses the Proof-of-Stake consensus mechanism to validate blockchain transactions. In this model, users can become network validators through altcoin staking. In addition to all these, the platform works in harmony with the Ethereum network. Therefore, wallet integration can be done very easily. Also, the platform has a native cryptocurrency. The name of this cryptocurrency is EZ coin.
What is EZ coin? What does it do?
As mentioned above, EZ coin is the native cryptocurrency of the EasyFi project. EasyFi offers loan services like other lending protocols. However, the project also operates as a decentralized exchange (DEX). Accordingly, asset trading, mining and staking are possible.
The primary purpose of EZ coin is to ensure the decentralization of the network. So EZ is a governance token. Owners of governance tokens can vote on decisions made on the platform. However, governance is not the only use case for EZ. EZ holders can also become blockchain validators via staking. Accordingly, validators validate transactions by locking EZ tokens into the platform’s smart contracts. Transaction validators are incentivized by the protocol by awarding EZ token rewards.
What is EasyFi? How to get EZ coin?
Investors interested in the EasyFi project buy EZ coin from various cryptocurrency exchanges. Exchanges listing EZ; Binance is Gate.io, BKEX and Hotbit. Interested investors must first become a member of one of these exchanges. Next, they must load an EZ-paired currency into their wallet and place a buy order for the token.
