EasyFi Blend Presents 60 Days Fixed Staking Program for Itsmyne on Binance Smart Chain
Stake MYNE — Earn MYNE at 24% FIXED APR
EasyFi is going live with BLEND on Binance Smart Chain…
We are excited to onboard Itsmyne to the Blend ecosystem with their first Fixed & Predictable Rewards Staking Program on the EasyFi App on Binance Smart Chain starting Friday, 29 April 2022.
We had announced earlier about the Blend expansion to the BSC network, with an aim to leverage the network and enable projects on BSC to create their own Fixed rewards programs using EasyFi’s configurable smart contracts. The expansion also enables users on the BSC network to explore new fixed rewards passive income opportunities with EasyFi.
This expansion aligns with our Roadmap 2022 vision of expansion to other blockchain networks.
Read more here: EasyFi Blend Expands to Binance Smart Chain
Stake MYNE — Earn MYNE Program Summary
Itsmyne will start their Blend journey with a 60-Day “Stake MYNE — Earn MYNE” native staking program on the Blend module on EasyFi on BSC, which will allow the MYNE depositor to earn a fixed APR of 24% on their funds deposited in the pool.
Check out the full program summary here:
Users must note that the MYNE deposited will be locked for a period of 60 days and will earn the user a Fixed APR of 24% on a maximum pool size of 7.5 million MYNE tokens.
Understanding EasyFi Blend
EasyFi Blend has been developed by blending various factors like the security, speed & functionality of major lending protocols allowing for interoperability. We aim to implement smart asset routing systems, faster and seamless reconciliation and a step towards robust governance through Blend.
EasyFi Blend has the ability to enable ANY DeFi project to simply configure the EasyFi Blend Advanced Smart Contracts as per their requirements. This would give any project the freedom to create a rewards program that would suit users within their own community and others in extended user bases. All this is possible without getting into any hassle of developing new smart contracts or a UI/UX of their own.
To understand Fixed APR simply, let’s say, you stake 100 X Tokens at 10% APR, you will get 110 X at the end of 1 year. No strings attached!
Some Links to Refer
About ItsMYNE Network
Itsmyne is a “social network meets marketplace” for licensed sports NFTs. Social conversation accompanies the trading of licensed NFTs on one platform rather than being spread across Discord, Twitter and Telegram. Dubbed as a game-changer in the realm of NFTs, Itsmyne is nearing its launch, with a waitlist of over 50,000 users.
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.