Easyfi Network Partners with Cryption Network

We are pleased to announce our relationship with Cryption Network, an up-and-coming DeFi initiative that is developing a number of products for the DeFi ecosystem.
Cryption is developing a user-friendly suite of crypto goods for the average retail investor, including a DEX, wallet, prediction markets, and liquidity mining options.

EasyFi’s overarching aim of giving DeFi users with yield maximization options while also making lending, borrowing, and mass crypto adoption easier meshes nicely with the Cryption network ecosystem’s product and vision. We are convinced that this collaboration will provide DeFi users, as well as holders of EZ and CNT (Cryption’s native token), with a plethora of new prospects.

Summary of the Collaboration
Here’s what this collaboration will entail:
1. We will investigate collaborative incentivization opportunities for both our communities to pledge their holding tokens — EZ and/or CNT — in order to earn more of the same or partner tokens from the start.

2. With a time-bound lock-in, this would likewise try to remove significant amounts of EZ and CNT from circulation while also aiming to increase overall returns based on the restricted supplies.

3. By leveraging one other’s platforms, we will introduce users to each other’s ecosystems and enable them to further explore more high yield maximizing opportunities.

4. EasyFi and Cryption will also look at a number of common product connectors. EasyFi, for example, may work with PolyDEX, Cryption’s AMM DeFi exchange, to provide triple farming rewards and high APYs. The connection will give the market greater exposure and EZ liquidity, which will benefit DEX traders.

5. Cryption, on the other hand, works with EasyFi on our staking and farming modules, allowing CNT holders to receive EZ reward tokens.

6. EasyFi will also integrate with the Cryption Mobile app, allowing users to take advantage of Cryption’s maximum security, zero friction, and on-the-go trading.

7.EZ will gain a new feature as a result of this partnership and integration with Cryption.

We are ecstatic to be working with a project that shares our values.

Founders Speak

Stating his views on this collaboration, Tejas Chitnis, CEO & Co-Founder, Cryption Network said, “Easyfi has been one of the first DeFi protocols in the Polygon ecosystem. In the DeFi ecosystem, there are innumerable ways to stack the trading, farming and lending to make a full fledged investing platform for users.”

Anshul Dhir, COO & Co-Founder, EasyFi Network expressed, “We are really happy to be partnering with Cryption Network. Cryption’s Team exuberates the same ethos that is EasyFi which is laid in its principles of advocating DeFi composability and adoption for the overall growth of the space. EasyFi & Cryption’s integrations with each other will add to this vision and provide a new set of users a meaningful way to leverage high yield opportunities.”

About CNT

CNT is the native token of Cryption Network, with a maximum quantity of 100,000,000 coins. CNT is a utility token that was created with the goal of motivating people to supply liquidity to their exchange. Token ownership comes with voting rights to aid in the governance of the network.

About Cryption

Cryption Network is a breakthrough platform that addresses all of the flaws in the DeFi and crypto ecosystems in order to provide consumers with the best possible services and promote widespread crypto adoption. The major issue that Cryption Network is working to tackle is the cryptocurrency market’s instability. Yield Farming and its extensive collection of solutions, such as PolyDEX — L2 Swap, are helping the platform achieve that goal.

Website | Twitter | Telegram | Medium | Github | Litepaper

About EasyFi

EasyFi is a scalability, composability, and adoption-focused universal layer 2 lending protocol designed for DeFi. It was created as an open and inclusive financial network architecture that runs on public networks and allows for end-to-end lending and borrowing of digital assets and related financial products. EasyFi is based on the principles of permissionless networks and network automation of smart contracts.

Website | Twitter | Telegram | Whitepaper | Blog | App

Please read our whitepaper and other articles on this site to understand more about $EZ and EasyFi.

--

--

--

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

$600k Distribution and V2 Launch

The Secret Digital Currency the Bored Ape Creators Are Really Selling

Simdaq custom trading indicators are now live!

King Solution 06: All Nations Money & Land War — Rule and More Detail

USDD, a decentralized stablecoin for the future? Or will it head towards an inevitable death?

Compound Finance: discover the interest-earning tech behind Flex

Ethereum Virtual Machine (EVM) — How It Boost Security?

NEAR HUB #1

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Albert Inim

Albert Inim

More from Medium

Atlantis World Alpha Sale is NOW LIVE on Polygon…

KALATA MONTHLY REPORT FOR DECEMBER

Profit Potentials That The “Summon” Feature Brings To You

Demy Games Pre-Sale Details