EasyFi V2 EZ

1. Summary

Ranks

Liquidity

-

Developer

-

Social

84

Momentum (beta)

0

Stack Rank™

-

Price

$0.008981740000 -11.9%

Market Cap

$0.00 (#10716)

Supply

0.00 / 10.00M

Tags

Binance Smart Chain Ecosystem Yield Farming DeFi Lending/Borrowing Polygon Ecosystem Ethereum Ecosystem BNB Chain Ecosystem Lending/Borrowing Protocols

More Metrics

Price
52W High price	$0.05
52W High date	24th Apr 2024 (9 months ago)
All Time High (ATH) Date	6th Apr 2021 (3 years ago)
ATH Price	$43.55
% From ATH	-99.98%
All Time Low (ATL) Date	18th Nov 2024 (3 months ago)
ATL Price	$0.006342380000
% From ATL	35.76%

Supply & Trading Volume
Trading Volume (24h)	$206.00
Total Supply	10.00M
Max Supply	10.00M

Less Metrics

Description

EasyFi V2

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EasyFi V2

EasyFi V2 is a universal layer-2 lending protocol primarily focused on scalability, composability, and adoption in the DeFi space. This protocol enables faster and cheaper transactions for borrowing and lending digital assets. It is designed to be blockchain agnostic and supports instant settlement across multiple blockchains, ensuring users maintain control over their assets on their original blockchain.

EasyFi V2's native token, EZ, has several essential functions:

Key Functions of EZ

• Governance: EZ tokens allow users to participate in decision-making processes for the direction of the EasyFi protocol.
• Cross-Chain Settlement: EZ tokens facilitate interactions and liquidity sharing with other sidechains and mainnets such as Binance Smart Chain and Polkadot.
• Staking and Dual Farming: Users can deposit EZ LP tokens and other crypto assets to earn rewards.

EasyFi V2 operates by offering lending and borrowing services for various crypto assets. It relies on an aggregated liquidity pool that users can supply assets to, where they are matched with borrower demands. Users can redeem their liquidity at will, unless the pool is fully utilized. Borrowing requires collateral from users based on the market conditions and their account balance. The protocol also allows governance to set interest rates and reserve ratios.

Currently, EasyFi V2 is available on the Matic Network and offers staking programs and Dual Yield Farming that collaborate with partner projects, incentivizing yield farmers and liquidity providers.

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