EasyFi is a universal layer 2 lending protocol built for DeFi focused on scalability, composability, and adoption. It has been designed as an open network infrastructure to run on public networks to facilitate an end to end lending & borrowing of digital assets and related financial products.
Freedom to create new financial products and customize existing ones paves the way for permissionless innovation. ‘Proof of Reputation’ contracts establish creditworthiness and promote greater efficiency and transparency for better lending & borrowing opportunities. Non-custodial contracts allow seamless on-chain & off-chain transactions of digital assets across markets and participants while retaining custody with the original owner.
The network design is ethereum compatible and blockchain agnostic allowing instant settlement of assets over different blockchain networks while retaining custody with the asset owner’s network. The cross-chain framework allows lending & borrowing across a spectrum of global markets including private platforms and permissionless public networks. The network is secured by proof of stake mechanism, governed through participating voters to achieve consensus among network participants.
We believe this technology can be transformational for the lending ecosystem while retaining higher efficiency, lower transaction costs, lower dependency & greater transparency.