The runaway success of Binance Smart Chain has helped the exchange’s utility token top the top ten in the crypto market and has already added some of the top projects in the industry to the chain.
The latest project to expand to Binance Smart Chain is the leading DeFi protocol EasyFi. This latest step in the EasyFi protocol benefits crypto investors, the project and the ecosystem itself.
The EasyFi protocol integrates the Binance Smart Chain support
Although Ethereum is still the dominant blockchain base layer in the crypto market, as with any new technology, there are challenges and limitations that developers must hurry to.
As Ethereum rolls out scalability upgrades, DeFi apps, tokens and stablecoins have started to expand to additional chains like Polygon or the extremely hot Binance Smart Chain.
The latest project to expand to Binance Smart Chain is the EasyFi protocol and the $ EASY token. EasyFi Network is a universal second tier credit protocol that is currently shaking up the DeFi space. The integration was done to create new opportunities for the DeFi sector and enable faster and more efficient transactions. The additional interoperability benefits both the ecosystem and investors.
The $ EASY token of the EasyFi protocol is now available as an ERC20 token and as a BEP20 token for three different chains: Ethereum, Polygon and now Binance Smart Chain. All products and services of the EasyFi protocol V1 from Polygon Network on Ethereum will also be available for the Binance Smart Chain integration.
How Binance Smart Chain does it $ EASY #DoMoreWithDeFi
In addition to all of the speed and scalability benefits, EasyFi and $ EASY now have access to the Binance community for greater reach and engagement, and become part of Binance’s growing list of digital assets.
Binance Smart Chain’s assets will be integrated into EasyFi as collateral, further improving the credit markets. New money markets will also be introduced, such as token stocks, metals and other commodities, and more.
Binance Smart Chain is the ideal solution for EasyFi’s mantra “Do more with DeFi”. Integration with other chains was an integral part of EasyFi’s Q1 2021 roadmap. The first quarter roadmap also includes an updated EasyFi user interface and UX, as well as multi-wallet integration for greater versatility for decentralized finance users.
Further information on $ EASY and EasyFi Protocol can be found in the whitepaper. You can find more information about Binance Smart Chain in the official introduction to the Binance Academy.
