EasyFi launches EZ Fixed Interest Staking Programs
Earn Fixed APR of 32% on your staked EZ for 90 days
In an earlier article, we had mentioned that we have been working on new advanced smart contracts that will allow ANYONE to launch their own advanced staking programs on dedicated UI/UX of EasyFi.
This, as stated, will give the freedom to any DeFi project to offer structured fixed return staking or yield programs for their community by just configuring the smart contracts to fit their program plan and needs — without getting into complex work of developing these contracts.
EZ Fixed Interest 90-Day Staking Program
We are excited to launch the 1st in the series of Fixed Interest Staking Program on EasyFi starting with a 90-Day EZ staking program. This “Stake EZ — Earn EZ” staking program will earn the EZ depositor a fixed interest on their funds deposited in the total pool.
Users need to note that the EZ deposited will be locked for a full period of 90 days and will earn the user a fixed APR of 32% on a maximum pool size of 100K EZ tokens.
Check out the full program summary here:
Understanding Fixed Interests
In a fixed staking program, the user’s returns are fixed in proportion to their deposits in a specific target pool. This means the depositor will earn X% committed fixed rate of interest for the period the funds are deposited in the pool.
However, one needs to understand that the yield percentage is fixed based on the individual’s deposit in the pool and not the entire pool as a whole. This is completely in contrast to a Flexi Staking program where the interest yield varies with the increase or decrease of the target pool of tokens.
To understand it better, let’s say, you stake 100 EZ at 10% APR, you will get 110 EZ at the end of 1 year. No strings attached!
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.