EasyFi

EasyFi

Created using Figma
Created using Figma
EasyFi is a protocol built with a vision to solve some of the inherent challenges faced by gen 1 defi solutions with respect to the transaction speed and cost which are a bottleneck for defi operations at scale.
To be announced
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About EasyFi

There are billions of people in emerging economies who are working only because of daily time-bound loans of small value, however, these people are exploited by exorbitant interest rates by local financiers. Micro Loans from EasyFi are built for the very purpose of enabling people to draw upon small loans quickly for various purposes, be it their small business, medical emergency, or early salary (In case of various territories where salaries are paid in Crypto).

Under collateralized Loans are going to be one of the most important innovations of the lending industry to enable strong adoption and trust in decentralized lending. Connected with TrustScore (a decentralized rating mechanism built by Koinfox) EasyFi will enable the community to access billions in the capital that can be allocated efficiently.

EasyFi will enable credit delegation as one of its core products for more trust-based loans where both parties either know each other or accept the level of risk by deciding upon the TrustScore of the borrower. The delegation will typically come into play for loans above a certain size, enabling financing of various needs of trusted entities via the protocol.

CDS, which brings insurance to DeFi, are also going to be an important feature of the protocol enabling suppliers of the loans especially of a certain size, to be able to convert those loans into tradable instruments and sell them to institutional customers who are willing to cover the risk. This enables a simple form of credit insurance of various categories of loans issued on the protocol.

Activity

Followers:
13 245
VERY HIGH
Tweets:
250
MEDIUM
30 Days Growth:
1772
Members:
13 416
VERY HIGH
30 Days Growth:
854
Alexa

Rank:
107 614
HIGH
Delta:
-581 028

EasyFi Last News

N/A
5.0 16
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