What Is EasyFi (EZ)?

EasyFi (EZ) is a worldwide layer 2 lending protocol created for DeFi focused on composability, scalability, and adoption. As per the whitepaper, the platform is developed as an open network infrastructure for public networks to enable end-to-end borrowing and lending of digital assets. Liberty to design the latest financial products and customize the current ones paves the way for permissionless creation. Further, a non-custodial contract promotes more efficiency and transparency for trading opportunities. Non-custodial contracts permit effortless off-chain and on-chain transactions of digital assets over participants and markets while keeping custody with the actual owner. EasyFi seeks at bridging the void among traders while addressing the technological limits of the current network.

The Ethereum network is an extensive ecosystem that delivers significant resources. But it arrives at a cost that is rising by the day. Transaction costs and high gas fees are massive scalabilities and mass adoption barriers. Low throughput, latency, higher blocks fulfillment time makes network accessibility tough. Provided the generous challenge Ethereum faces, it is essential to create alternatives and shrink dependency. EasyFi Network protocol is developed as a layer-2 agnostic resolution to deliver an elegant exchange of assets across multiple layer 2 networks in a plug and play mode and changing in between off-chain and on-chain storage as and when required. Layer 2 scaling methods transfer transactions off-chains and cluster them into proofs submitted to the primary chain. Layer 2 solutions deliver adequate speed and low price of transactions.

EZ token is native to the EasyFi platform. The traders get more options to hold tokens of forthcoming high-quality vetted assignments by keeping the EZ tokens. The platform offers more avenues to farm numerous assets as rewards by staking EZ tokens and liquidity to the money market pools.

History of EasyFi (EZ)

Ankitt Gaur is the CEO and founder of the EasyFi network. Previously, he worked as a program manager at wfxcloud.com and has ample experience in blockchain technology The platform was founded in October 2020.