EasyFi Adds New Markets to Lending Protocol
Lists $UNI, $LINK & $TUSD as Collaterals on EasyFi’s lending markets on Polygon
This is the time to hunker down & get cracking — brainstorm, plan, improve, develop, re-do, repeat..This is exactly what we have been doing at EasyFi Network..#BUIDLing everyday..
With a focussed approach and missionary zeal, we are happy to announce that we are now going live with 3 new markets on the EasyFi V2 Lending protocol on Polygon.
The digital assets we are adding are — $UNI, $LINK & $TUSD.
This listing is in line with our 2022 roadmap that envisions continuous expansion of our lending markets through new money markets.
Users will note that EasyFi V2 also supports the following collaterals — $DAI $USDT $USDC $MATIC $WETH $WBTC. With the addition of $UNI, $LINK & $TUSD the lending module now has 9 digital assets. Users will now be able to deposit their UNI, LINK & TUSD Tokens and earn an interest on their deposited tokens and take a loan against their deposits as well.
More about the listings below.
TrueUSD is a U.S. dollar stablecoin pegged to USD at 1:1. We believe that TUSD will facilitate increased liquidity & will provide users with a non-volatile asset relative to volatile ones. There was around 381.9 million TUSD in circulation as of October 2020. Given its status as a stablecoin, the supply is uncapped, and will continue to expand according to demand. There are two incarnations of TUSD available: an ERC-20 token on Ethereum and another, also known as TUSDB, a BEP-2 token on Binance Chain.
The listing of the stablecoin TUSD adds to the EasyFi V2 repertoire of stablecoin markets of DAI USDT & USDC on Polygon.
LINK is the native token for Chainlink — a blockchain abstraction layer that enables universally connected smart contracts. Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts. With a maximum supply of 1,000,000,000 LINK tokens, Chainlink has focussed much of its token supply to be distributed to node operators & incentivization of the ecosystem and continued development of the Chainlink ecosystem and network.
The addition of Chainlink’s native token LINK to EasyFI V2 protocol adds a new volatile asset that resonates with a large user base. This listing is also an extension of our ongoing relationship with Chainlink via Keeper’s Network & price-feed oracles..
UNI is the native token of the much popular decentralized exchange Uniswap. The UNI token serves the purpose of enabling shared community ownership in the growth and development of the decentralized protocol. This allows UNI holders to participate in the governance of the Uniswap protocol and wider ecosystem, in a neutral and trustless manner. The total supply of Uniswap’s governance token, UNI, is 1 billion units. These will become available over the course of four years, after which Uniswap will introduce a “perpetual inflation rate” of 2% to maintain network participation. Click links below to know more.
EasyFi Network is a universal layer-2 multi-chain money market protocol for digital assets with focus on liquidity sourcing & capital efficiency for structured lending in a non-custodial manner. The Protocol is currently live on Polygon, Binance Smart Chain and Ethereum.
To learn more about $EZ and EasyFi, please go through our whitepaper and other articles on this publication.