EasyFi
Name
EasyFi
Summary
-EasyFi is a Decentralized Finance (DeFi) lending protocol that uses Plasma to improve user experience and allows for undercollateralized lending.
-It was founded by Ankitt Gaur and Anshul Dhir in 2020
-It is a universal layer two lending protocol with ethereum compatibility.-
Rating
Symbol
EZ
Overview
EasyFi is a global layer two lending protocol focused on scalability, composability, and acceptance for DeFi. It was created as an open network infrastructure that may be used on public networks to enable end-to-end lending and borrowing of digital assets and related financial products.
EasyFi is available on Polygon, Ethereum, and the Binance Smart Chain (BSC). EasyFi's cross-chain infrastructure, in particular, makes it simple for users to borrow and lend throughout the global market, including permissionless public networks. Furthermore, the platform allows users to execute a variety of operations in a non-custodial manner using cross-chain bridge contracts.
Historical Price Movement (in INR)
Technology
The network is ethereum compatible and blockchain agnostic, allowing for quick asset settlement across several blockchain networks while maintaining custody with the asset owner's network. The cross-chain framework enables borrowing and lending across various markets, including private platforms and permissionless public networks.
The network is secured using a proof of stake consensus method managed by participating voters to establish network participant consensus.
Use of native tokens in the ecosystem:
The native utility token of EasyFi is EASY, which is utilized in the following functions:
EASY token holders can vote on network governance decisions.
Protocol Incentivization: When users lend or borrow on the EasyFi platform, they can receive EASY tokens as a reward.
Staking: Projects that want to use the EasyFi network to begin lending and borrowing markets will need to stake EASY tokens.
Users can stake EASY tokens to run validator nodes and participate in network consensus.
Dual Farming: Users can also farm tokens from other DeFi projects by staking their EASY tokens.
Community distribution and incentive programs
40%
Founders and team
20%
Foundation for product development & business expansion
20%
Liquidity provision fund
3%
Early backers, strategic investors
10%
Advisors
7.85%
Volume (27th March 2022)
$1,210,235
Total Supply
10000000
Circulating supply
2,524,833.87 EZ
Crowd Sales
Easyfi did not have an effective funding campaign. At a $3 million USD valuation, Tradfi & DeFi angels invested $300,000 in Easyfi (Fully diluted).
Country
India
Name of Organization
Easyfi Corporation Inc.
Year Incorporated
2020
Registered Address
Gurgaon
Dispute Resolution and Governing Law
India
Country Risk Assessment
B1
Founding Team
| Name | Designation | Education | Experience |
| Ankitt Gaur | Founder and CEO | Birla Institute of Technology and Science, Pilani: Master of Science (MS), Consultancy Management | 17 Yrs |
| Anshul Dhir | Co-Founder and COO | XLRI Jamshedpur: Executive, Entrepreneurial Studies & Business ManagementPanjab University: Master of Finance and Control, Finance and Financial Management ServicesPanjab University: Bachelor of Commerce (B.Com.), Commerce | 10 Yrs |
Whitepaper 
