EasyFi, the favored DeFi lending protocol that just lately made information by integrating help for Binance Good Chain has introduced a partnership with Mirror Protocol – one other DeFi powerhouse that’s main the way in which with artificial belongings. The partnership will introduce a complete new class of belongings to the EasyFi ecosystem, enabling customers to make environment friendly use of their investments.
EasyFi and Mirror Protocol – Complementing Every Different’s Strengths
EasyFi is thought for its effectivity and ease of use. Designed as a layer 2 blockchain DeFi lending protocol, it’s at present providing lending on Polygon and Binance Good Chain other than different staking and farming companies. It’s poised to satisfy many of the real-world necessities sooner or later by providing numerous new options like microlending, undercollateralized loans, credit score delegation and credit score default swaps options. As well as, the wholesome liquidity ranges and low transaction prices makes it ideally suited for all types of customers.
The multichain suitable EasyFi platform can function on native Ethereum, Polygon in addition to Binance Good Chain networks, which makes collateralization of a variety of belongings on all three protocols doable.
In the meantime, the Mirror Protocol specializes within the creation of artificial tokens which makes it doable to tokenize numerous conventional monetary devices like shares, commodities. The tokenized belongings are referred to as mAssets and they’re accessible on Terra, Ethereum and Binance Good Chain.
With this partnership, EasyFi will have the ability to help mAssets on its platform whereas enabling the Mirror Protocol group to safe loans towards their artificial belongings.
Tokenized Shares and Commodities Cash Markets
A results of the collaboration between EasyFi and Mirror Protocol is the launch of “Tokenized Shares and Commodities Cash Markets” on the EasyFi protocol. The brand new cash markets can be hosted on Binance Good Chain and it’ll help tokenized variations of a number of the main international shares like Apple, Fb, Google (Alphabet), Amazon, Tesla, Twitter, Microsoft and extra.
Aside from making tokenized FAANG (Fb, Amazon, Apple, Netflix & Google) vary of belongings accessible to its customers, EasyFi additionally allows customers to take stablecoin loans towards these tokenized shares and commodities like oil.
With the collaboration, EasyFi and Mirror Protocol are usually not solely making DeFi belongings extra accessible but in addition pushing for the creation of blockchain agnostic monetary options. Despite the fact that that is only the start, the development will finally catch up and when it occurs, EasyFi can be on the lead.
Picture by Tumisu from Pixabay
