Easyfi launches new product “Electric” to bring Permissionless Margin Trading...
Testnet Launch on Polygon Now Live Decentralized exchanges (DEXs) have been able to clinch a large market share from centralized exchanges (CEXs), especially with the creation of more than 20,000 tokens, all with varying degrees of liquidity. However, one area where DEXs is still lacking is in the margin trading domain. Where centralized exchanges command more than $200 billion in margin trading volume daily, DEXs fall short with only a tiny fraction of this volume. EasyFi, a universal Layer 2 multi-chain lending protocol, is taking steps to add value to the DeFi space via their protocol.....
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EasyFi’s On-chain Permissionless Margin Trading Protocol aims to bring scale to the burgeoning DEX based trades The permissionless and composability ethos of the DeFi space has allowed the creation, listing and trading of the almost 20000 tokens and coins with varying degrees of liquidity, volumes and growth. Leveraged trading, however, has had its share of centralization with over $200 billion worth of margin trades happening on a daily basis on the many centralized exchanges. On DEXs – not so much! Permissionless markets for leveraged trading have been few and far between and that....
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 […]
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 […]
EasyFi, the multi-chain layer-2 money market protocol has introduced BLEND, a set of advanced and configurable smart contracts for DeFi 2.0 applications. Created keeping the community’s requirements in mind, these smart contracts simplify the creation of yield generating products like permissionless fixed return staking programs and more. Introduction of these permissionless advanced smart contracts is a result of EasyFi’s effort to plug a long-existing gap between the user requirement and the availability of yield generating products in the DeFi market. With EasyFi’s advanced smart....
CEX.IO Bitcoin exchange has launched BTC/USD and ETH/BTC margin trading with special risk-preventing system. The BTC/USD and ETH/BTC margin trading with 1:2 and 1:3 leverages comes with a range of competitive advantages making it easy and attractive even for beginners. Thus, no extra margin account is required to be opened to trade with leverage, and borrowing funds is done automatically together with position placement. The risk-preventing system ensures that the position will be closed at price and not worse than the stop loss price. Therefore, margin trading cannot move user’s balance....