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.