As a way of creating more investment opportunities and adding more value to her users, Easyfi has come up with yet another innovation which will not only keep the platform viable for a long time, but will also translate into monetary rewards for her users. Staking, as we know, is a major feature of Defi (decentralized finance) and Easyfi is one of the numerous Defi platforms with this feature. Although the platform is majorly designed for lending, it is currently one of the most well known and reliable staking protocols with modest APR for stakers.
On Monday, July 19, two new staking programs were introduced on Easyfi platform, specially designed for its token holders – both EZ and EZ (IOU) holders. These programs are
(1) Staking EZ to earn more EZ, and
(2) Staking EZ(IOU) to earn EZ.
These are mega liquidity mining programs that let users farm EZ tokens simply by staking existing ones. Not only are the staking programs new, but they were equally launched on an upgraded version of the Easyfi App providing a seamless UI/UX experience for her users. Now let’s look briefly into both programs and hope it helps you make a well informed investment decision.
(1) Staking EZ to earn more EZ
This pool is for EZ token holders. The program gives them the opportunity to stake their available EZ tokens for more EZ rewards. The reward is about 50% APR. Participants in this pool have the option of staking their tokens for either 90 or 180 days depending on their investment appetites. Another flexible option users have is that they can either lock their funds completely for the set period of time or remove them whenever they want. All these operations are carried out effortlessly on the upgraded Easyfi app.
(2) Staking EZ(IOU) to earn EZ
EZ(IOU) holders are not left out of this mega program. They get to stake their IOU tokens for 60 or 90 days and earn up to 50% APR by the end. They equally have the liberty of completely locking away their IOU tokens for the entire period of the program or taking them out whenever they wish.
Why The Mega Staking Program?
Now I call this the mushy part. Lol! But it would intrigue you to learn that the major aim of these mega staking programs is to ensure that about 700,000EZ out of the total supply of 10,000,000EZ are taken out of circulation and locked away for a while. That’s about USD$500,000 worth of EZ at current rate! And to make this feasible, the Easyfi team has equally earmarked about USD$500,000 in reward to users who participate in the programs. Amazingly appealing; right?
To ensure these programs run smoothly, a major boost of confidence, Easyfi had its staking smart contract duly audited and certified ok by HalbornSecurity prior to the launch of the programs.
Now why wouldn’t you want to be a part of the juicy deal?
As an Easyfi fan, if you’ve ever missed out on staking programs, this is certainly one you should endeavour to partake in. You can easily get EZ tokens from centralized exchanges like binance or gate.io and join the staking pools if you have none. Alternatively, you can also get them on decentralized exchanges like Uniswap or Pancake swap(for BSC EZ)
Where to stake them?
On Easyfi platform.
https://app.easyfi.network/#/staking
See you there!