DeFi Protocol EasyFI Expands To Binance Smart Chain

Binance Smart Chain’s success lately is attributed a lot towards protocols and tokens that make the exchange popular. One of them is the DeFi protocol EasyFI, which has expanded to the Binance Smart Chain and with that, attracted some of the top projects in the industry.

Many speculate that this move will benefit crypto investors, the project, and the ecosystem as a whole. We all know that Ethereum is still the most dominant foundational blockchain layer in the crypto market, but there are still some challenges and limitations that developers need to address.

It seems like the DeFi protocol EasyFI enters at the perfect time. Ethereum is great for scalability upgrades, DeFi apps, tokens and stablecoins, and many units that started expanding to additional chains – especially the hot Binance Smart Chain.

#EasyFi is expanding to binance smart chain to provide seamless cross-chain lending services to #DeFi Users.🔥🔥$EASY will now be available as an ERC20 as well as BEP20 token on 3 chain ecosystems– Polygon, Ethereum & BSC

Details below🔥#GoEasy#CTBot Adrop RAM 1.5 trx 30 pic.twitter.com/aBRb42Kdcw

— Promzy_Elisha (@SplendolinT) March 4, 2021

Well, the latest project in the list is the DeFi protocol EasyFI known as the $EASY token. Those of you unfamiliar with it or the cryptocurrency news around it will find it as an universal second-layer lending protocol that is currently shaking up the DeFi sector.

This integration was done in order to create new opportunities in the DeFi space as well as enable faster and more efficient transactions. The added interoperability will account for a lot of improvements in the ecosystem and its investors.

Now, the $EASY token will be available as an ERC20 token, as well as a BEP20 token on three different chains: Ethereum, Polygon and the new Binance Smart Chain. All of the products and services offered by its Protocol V1 (provided by Polygon Network) on Ethereum, will be available on the Binance Smart Chain integration as well.

In addition, the $EASY and EasyFi units will also have access to the Binance community for expanded reach and engagement. They will also be promoted as part of the growing list of digital assets under the Binance umbrella.

Lastly, the Binance news show that EasyFI could do a lot more with DeFi, and integrating within other chains was part of the project’s Q1 2021 roadmap. The first quarter of the roadmap will also introduce greater versatility for decentralized finance users.