EasyFi Blend Presents Fixed Reward Staking for Trace Network Labs
TRACE Token staking brings passive income opportunities for Metaverse tokens on Polygon
With the buzz of metaverses doing the rounds, it is quite apt that projects in the Metaverse space offer their communities a reward mechanism that brings predictable passive income opportunities to them and also furthers the utilities for Meta-tokens.
EasyFi is delighted to bring the first Meta-token on the Blend program with the onboarding of Trace Network Labs. We are happy to have TRACE token on the EasyFi BLEND ecosystem with their first Fixed & Predictable Rewards Staking Program on the EasyFi App on Polygon Network.
Trace Network will initiate a “Stake TRACE — Earn TRACE” native staking program on the Blend module on EasyFi, that will earn the TRACE depositor a fixed APR on their funds deposited in the pool.
This new program is aligned with the EasyFi Blend program that aims to enable ANY project to simply configure the EasyFi Blend Advanced Smart Contracts as their requirements to create a rewards program for not only their own community but also the extended user base in the DeFi space looking for a fixed rate passive income opportunities.
Understanding EasyFi Blend once again
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.
The most important aspect of EasyFi Blend is the freedom given to any DeFi project to offer structured fixed reward staking or yield programs for all communities by configuring the smart contracts in EasyFi Blend to fit the set requirements. All this is possible without getting into any hassle of developing new smart contracts or a UI/UX of their own.
Check out this Link to Understand how Fixed Rewards works: EasyFi launches EZ Fixed Interest Staking Programs
To understand it 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!
TRACE is Trace Network’s native token and has a maximum supply of 100,000,000 tokens. TRACE is essentially a native token of Trace Network that would allow liquidity in the project while giving some governance ability to the community. Token ownership comes with voting privileges and will also allow the user to make use of this to mint NFTs or simply explore the metaverse.
About Trace Network
Trace Network Labs is enabling real looking meta twins (digital avatars) and Lifestyle for them in Metaverses powered by NFTs & Digital Fashion. Trace Network Lab’s vision is to be a de-facto gateway for lifestyle brands to launch a new set of Limited Edition lifestyle & fashion products made for our real looking digital Avatars to move across multiple chains and Metaverses.They enable experiential commerce in the metaverse where people would be able to go around for shopping, entertainment and games with friends and shall be able to connect well with their social circle despite of sitting in different geographies.
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.