The EasyFi project is a universal Layer-2 lending protocol focused on scalability, composability, and adoption. EasyFi is a DeFi focused blockchain project. The native cryptocurrency of this platform is EZ coin. It is an Ethereum based project.
The main purpose of the EasyFi project is to facilitate the lending and borrowing of digital assets and related financial products. This project works with fully open networks and is designed with an open source infrastructure. EasyFi also allows for asset transfer between chains.
One of the ambitious issues of the project is that it enables micro-credits. Platform loans have made such a breakthrough due to the very high interest rates. Thus, the platform has paved the way for users to be given loans at very low interest rates.
The project brings together the borrower and the lender, and users can easily act by looking at each other’s trust levels. Users have a trust score on the platform. People act by looking here when buying and giving loans. In this way, the security of the platform is further increased.
EasyFi project users have the opportunity to earn Easy Coins by yield farming. It provides an opportunity for users to earn EASY by making transactions related to the project. Anyone using the platform has a chance to win coins. The daily coin distribution is carried out according to how active people are on the platform and the transactions they make.
EasyFi (EZ) coin advantages are as follows:
- Wallet integration is easy as it is Ethereum compatible.
- It provides lending and borrowing in a number of markets, such as private platforms and unauthorized public networks.
- It provides assurance by a PoS mechanism managed by participating voters to reach consensus among network participants.
As with other cryptocurrencies, it is seen as a risky investment due to high volatility, which is also seen as a disadvantage of EZ coin.
EasyFi network design is Ethereum compatible. It facilitates the rapid payment of funds over different blockchain networks while maintaining custody with the asset owner’s network. Thanks to these features, there is no downside for crypto money investors to invest in EZ coin.
