INTRODUCTION
Easyfi is a platform designed for the borrowing procedure of discrete assets to the token holders in the ecosystem. The system is governed by the dynamic approach of the community members through by Matic Network.
MIRROR PROTOCOL SYSTEM
The mirror is a decentralized Defi system that allows the formation of dynamic assets called Mirrored Assets. The system was powered by a smart contract through the Terra Network. Mirror provides new incentive ideas on the system platform through exploration of democratic governance among the community members to steered more development projects in the administrative system.
SYNERGY OF MIRROR PROTOCOL & EASYFI
There is a great aliveness among community members when the Easyfi teams announced their strategic collaboration with Mirror finance with the objectives of providing top notch variety of tokenized loans and commercial collateral commodity into the borrowing layer platform. This synergy was designed to bring five major assets called “FAANG” into the system Terra platform for the integration of digital products
SALIENT FEATURES OF COLLABORATION BETWEEN EASYFI AND MIRROR PLATFORM
The collaboration of Easyfi and Mirror system will provide the following numerous exciting features for the benefits of community members as following:
- Integration of tokenized versions of international shares ofFacebook, Twitter, Apple etc, in the commercial market.
- It will enable the token holders to make use of the options of taking loans instead of making use of their tokenized stocks alternative on Easyfi Platform.
3.USDC, BUSD, and DAL stablecoins can be borrowed by their users instead of making use of their supplied financial assets.
SUMMARY OF mASSETS
mAsset is a dynamic asset that regulates the price behavior of real digital assets and gives global accessibility of price exposure to community members around the world without any limitations of transaction of financial asset burden during stacking and farming process.
CONCLUSION
The partnership between Easyfi and Mirror platform will provide more incentive options to the community members in terms of borrowing tokenized stocks and stablecoins on the system platform.
For more relevant information, kindly visit https://easyfi.network
Article Written By: Adasofunjo Michael Oluseye