Leading DeFi Protocol EasyFi Expands to Binance Smart Chain
The runaway success of Binance Smart Chain has helped propel the exchange’s utility token to the top of the crypto market top ten, and has attracted some of the industry’s top projects to the chain already. The latest project to expand to Binance Smart Chain is leading DeFi protocol EasyFi. Here’s how this latest move […]
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EasyFi, the popular DeFi lending protocol that recently made news by integrating support for Binance Smart Chain has announced a partnership with Mirror Protocol – another DeFi powerhouse that is leading the way with synthetic assets. The partnership will introduce a whole new class of assets to the EasyFi ecosystem, enabling users to make efficient […]
A Brief History of the Attack A multichain layer 2 protocol on Polygon, Ethereum, and Binance Smart Chain (BSC) network, EasyFi, reported a hack on April 19, resulting in the loss of millions of dollars worth of funds from the official contracts of EasyFi. An unknown hacker stole the private keys to the platform’s admin […]
DeFi protocol EasyFi is looking to bounce back in a major way. After a challenging start to the year, the EasyFi team has completed a hard fork and released a detailed interim compensation plan and reinstatement plan. Built on the backbone of permission-less networks and automated smart contracts, the latest news for EasyFi bodes well […]
The universal layer 2 digital assets lending protocol, EasyFi Network has announced that it is now live with its lending protocol on Polygon. The new lending protocol went live on Nov 15, 2021 and will be initially supporting six money markets with supplying and borrowing on Polygon Network. While announcing the latest development, COO and Co-founder of EasyFi Network Anshul Dhir said,” Six money markets on our protocol on Polygon Network are now open for operations. We have now completed a major milestone in our Q4 2021 roadmap that of Full protocol launch. We have launched the....
The total value locked (TVL) in decentralized finance (defi) has rebounded in fiat value after suffering some losses last week. Statistics indicate that the $248 billion TVL in defi has increased 3.46% during the last 24 hours and the blockchain Terra has overtaken the Binance Smart Chain in terms of TVL in defi.
Terra Protocol’s Defi Value Swells, LUNA Taps an All-Time High
The Terra protocol has been making waves as the blockchain’s native crypto asset (LUNA) has increased more than 45% over the last week. The digital currency recently tapped an all-time high....