EasyFi platform — Updates for the 1st week Of November
Welcome to all users of the digital world, today we’ll be highlighting several updates that the EasyFi platform has accomplished during the early stages of the month, November. These updates have really proven that the platform is continuously working towards optimization of it’s system for it’s Community users, with more dedication and perseverance, the platform is sure to grant DeFi users with the perfect protocol based setup. Before we delve into what the platform has in store, detailed information on what the platform entails will be mentioned.
EASYFI
EasyFi platform is basically a universal layer2 based lending network that was developed and created for the Decentralized Finance community with the focus on maintaining scalability, adoption & composability. It’s been structured as an open & inclusive commercial network design to operate on public networks in order to simplify the borrowing & lending of cyber assets & other similar financial assets. EasyFi was also developed upon the principle of networks that are permissionless and smart contract automation. The topic below will fully list the highlights that EasyFi has accomplished from the 1st of November — 6th of November.
DEVELOPMENT HIGHLIGHTS
The project really celebrated the past week on a high with the festival season of Diwali & also brought themselves closer to the full release of the lending protocol or network by conducting several more internal rounds of testing & assessment. The platform is really dedicated to assuring it’s users of fully automated security in order to deteriorate the user’s fears. Lately last month, the platform even informed their users that their security auditors (Halborn), have successfully & fully conducted a really thorough analysis and audit on the platform’s lending protocol, including the contracts on Polygon, Binance Chain network & Ethereum chain. The platform did not just stop there when it comes to updates, the list below will highlight their major accomplishments for the week:
1- the platform’s developers have conducted more tests on their protocol for it’s safety
2- Penetration testing & Vulnerability Assessments are now completed.
3- DDOS Simulation is now complete as well on their protocol, the platform is now fully confident of their launch by next week.
4- High yield LP Farming running on the Ethereum chain network
5- 382 percent APY on EZ- USDC LP mining on EasyFi platform
6- 166 percent APY on EZ- WETH LP based mining
7- Mega Staking- stake EZ/ Farm EZ (180days) ~ 11 percent APY
8- Multi token EZ Staking now on Unifarm at 36 percent
9- Two other farming Programs on Polygon
10- EZ- QUICK LP Based farming with 98 percent APY on the Quickswap network.
11- Team EasyFi celebrated Diwali
12- They are also getting ready for their participation in the Blockchain Expo which takes place in Dubai.
CONCLUSION
These Aforementioned highlights really show that the platform’s team isn’t slaking off in any way, as their diversity and upgrade schemes are coming into fruition. As the platform continues to grow through the upcoming launch of their fully analysed & audited lending Protocol, more users are sure to be drawn in by the prospects and features they have to offer.
To learn more about EasyFi Network visit the links below;
