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EasyFi is a decentralized finance (DeFi) lending protocol that enables credit-based lending and improves user experience through Plasma.
The EasyFi network is compatible with Ethereum and can communicate with any blockchain bottom layer, enabling cross-chain asset settlement. The network uses a proof-of-stake consensus mechanism (PoS) to guarantee its security.
TrustScore is EasyFi's User Identity Protocol. It analyzes the activity of borrowers on various lending platforms and decides the required collateral rate for each user.
EASY is the native utility token of the EasyFi platform and can be used for the following functions:
Governance: EASY token holders can vote on network governance decisions.
Protocol Incentives: Users can obtain EASY token rewards by providing assets or lending assets.
Token Mortgage: Projects building a DeFi market on the EasyFi network need to mortgage EASY tokens.
Network Consensus: Users can mortgage EASY tokens and run verification nodes to participate in the network consensus mechanism.
Get double rewards: users can get extra EASY tokens and tokens of other DeFi projects by staking EASY tokens.