Defi Protocol EasyFi Continues Moving at Lightning Speed

The last 12 months have been amazing for EasyFi. If you follow the development roadmap the project has successfully executed over the past year and look at what’s ahead. It’s clear that EasyFi is committed to evolving into a universal layer 2 lending protocol focused on scalability, composability, and adoption.

The whole mission of the project is to create a financial network infrastructure that can run on public networks, facilitate the lending and borrowing of digital assets, and ultimately offer users a permissionless experience through the use of automation and smart contracts.

Taking a quick look at the past year provides just a glimpse of what EasyFi is capable of producing in the future. Not only does the roadmap provide a clear vision for what’s going to happen, but EasyFi is also clearly showing that milestones originally written in the whitepaper are becoming reality.

Why EasyFi Went from Zero Dollars to $40 Million in TVL Just 48 Hours after Launch

EasyFi is considered one of the very first layer 2 lending platforms in the Defi space. Since the EZ token and the accompanying platform launched a year ago, the team has managed to introduce super farms and staking on Ethereum, Polygon, and Binance Smart Chain. The team has also successfully connected the platform to Chainlink pricing oracles ensuring up-to-date information is always available to traders, all while listing the EZ token on major exchanges like Binance and AscendEx.

That’s why it took no more than 48 hours for the platform to see $40 million in total value locked in by users looking for the next great Defi opportunity.

Watching what is happening in the Defi space over the past year has been incredible for the blockchain industry as a whole, developers, and users, and it’s clear that EasyFi is going to play a key role in helping shape the future of Defi.

If the past year of developments is any indication of what is to come for EasyFi, continuing to fulfill the milestones set out by the project roadmap in the near and distant future is going to be even more exciting.

What the Future Holds for EasyFi

EasyFi is finally ready to launch its multichain lending protocol on BSC, Polygon, and other blockchains, which will include a full audit conducted by Holborn, one of the leading blockchain auditing firms in the space.

Once the protocol goes live, seven other product updates are going to help take EasyFi to the next level.

One of those key product updates is the launch of EasyFi Insure which will allow traders, liquidity providers, and arbitrageurs the ability to balance their desire for market exposure with their need to mitigate risks associated with their investing activities.

EasyFi Push Notifications will be a new feature on the platform. It is set to launch in the fourth quarter of this year that allows users to stay up-to-date on the status of their accounts on multiple blockchains.

Making Processing Transactions Cheaper and More Efficient

The above product updates allow users to stay on top of their accounts and keep their capital protected from losses.

Other product updates EasyFi is planning for the last quarter revolve around making transactions cheaper and more efficient. Ultimately makes using the platform more advantageous for investors.

EasyFi MTrade introduces margin trading for active traders and arbitrageurs using advanced smart contracts that make engaging in such activities a more automated endeavor.

EasyFi Amagotto allows for the relaying of assets in a seamless and gasless fashion across multiple chains. This means users can take advantage of inefficiencies in the market and be as blockchain agnostic as possible.

Then there is EasyFi Blend, a suite of advanced smart contracts that allow for the most efficient routing and reconciliation of assets possible along with the ability to engage in creating a robust governance structure.

All of these updates are tied together with the creation of a fund for developers who want to continue building infrastructure in Defi with EasyFi. The launch of a derivatives market allows users to stake and earn more interest in their crypto capital.

Fulfilling The RoadMap Positions EasyFi for Exponential Growth

At the time of this writing, the market capitalization of the EZ token is just over $11.3 million.

Given that there is nearly $80 billion in total value locked across all Defi protocols in cryptocurrency and how much EasyFi is managing to accomplish in such a short amount of time, there is clearly room for the protocol to grow exponentially in value as long as the founders of the project and the development team around it continue to focus on reaching the milestones set out by the Q4 roadmap.

In the Defi world, scaling development and accelerating the efficiency and cost savings on a specific platform are all key factors in gaining adoption.

EasyFi is making great strides in those realms. As long as the Defi space continues to expand (which it will), the EasyFi platform is positioned well to carve out a significant piece of the market for itself.