EasyFi Launches 3-Way Multichain EZ Bridge in Collaboration with Voyager
Enables seamless EZ token movement between BNBChain, Ethereum & Avalanche
EasyFi Network is opening the gates to multi-chain EZ token transactions…
This is in line with our earlier announcement where we declared the intent of enabling a cross-chain bridge for our users to buy / sell / swap EZ tokens across multiple blockchains & seamlessly move their assets across chains supported by Voyager.
We have now enabled seamless 3-way EZ swaps / transfers in a 1:1 ratio between Ethereum, Binance Smart Chain & Avalanche.
This will be the first utility & service we have added on Avalanche since the EasyFi protocol expansion to the new chain.
Here is how this bridge will work..
Bridge 1 — BNBChain > Ethereum
The following screens will enable you to send your EZ tokens currently on BSC to the Eth Chain using the Voyager app. This will be done in a 1:1 ratio, as shown below.
#1: Signing into the dApp
Needless to say, you have to connect your wallet to the Voyager dapp before you get started.
Ensure you select the From and To chains as shown below. Please note that the transaction you seek depends on liquidity availability between these chains.
Visit here to get Started: https://app.thevoyager.io/swap
#2: Selecting the desired chains and tokens
Ensure you select BSC as the From chain and Ethereum as the destination chain. Once completed select the EZ token on either side of the window to enable EZ movement between these chains. Basically you are swapping EZ tokens between two chains in a 1:1 ratio. All you have to pay is the fees for this transaction, that can be paid in multiple different assets.
#3: Entering amount and making the Swap
Enter the desired amount to be swapped between chains and commit the transaction on the blockchain. This ensures you make a 1:1 transfer over this bridge using your EZ tokens on BSC to have EZ tokens on the Eth chain.
Bridge 2 — BNBChain > Avalanche
This will be the first utility for EZ token holders on the EasyFi protocol expansion to Avalanche. With a 1:1 swap of EZ tokens between BSC & Avalanche chains, users can now prepare to avail the many services that we will eventually launch on Avalanche.
This works in the similar way as depicted above, in this case you have to select the output chain as Avalanche, and follow the desired process.
Bridge 3 — Ethereum > Avalanche
The last cross chain bridge completes our 3 way connection between the chains.
This cross-chain bridge we are building will eventually enable our users to move, buy, sell & swap EZ tokens across multiple networks we are planning in the future. Each expansion will enable and aid our users on our different programs & products such as Blend, Electric⚡and more in the future..
More on this subject soon….stay tuned…
About Router Protocol
Router Protocol is building a suite of cross-chain infra primitives that aims to enable blockchain interoperability between current and emerging Layer 1 and Layer 2 blockchains.
Voyager is a cross-chain swap and transfer DApp powered by Router Protocol. Voyager lets users swap any assets between different chains.
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. Stay tuned for more news & updates on our Telegram channel and join the official group. You can also follow us on Twitter.