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WazirX Lists EasyFi (EASY) a DeFi Lending Platform



WazirX Lists EasyFi (EASY) a DeFi Lending Platform

WazirX, one of the most trusted cryptocurrency exchange in India lists EasyFi (EASY) on its platform. Users can buy, sell and trade EASY in the INR market from January 27th. Many giveaways are also available that users can earn by participating in various events.

WazirX recently also crosses 1 million users on its platform and also completed the 3rd quarterly WRX burn event. It’s doing a lot more to provide a better user experience.

As EasyFi is listing in the INR market of WazirX, so users can deposit EASY from another wallet to WazirX, trade in the INR market and can also withdraw to another wallet. Let’s know about the EasyFi platform and the various giveaways.

About EasyFi (EASY)

EasyFi is a universal layer 2 lending protocol built for DeFi focused on scalability, composability, and adoption. The network is secured using a Proof-of-Stake consensus mechanism.

The network design is ethereum compatible and blockchain agnostic allowing instant settlement of assets over different blockchain networks while retaining custody with the asset owner’s network.

The cross-chain framework allows lending & borrowing across a spectrum of global markets including private platforms and permissionless public networks.

EASY is the native token for EasyFi which will be used for following functions:-

  • Governance: EASY token holders can vote on network governance decisions.
  • Protocol Incentivization: It will enable users to earn EASY tokens as rewards when they lend or borrow on the EasyFi platform.
  • Staking rewards: Projects that wish to launch their lending and borrowing markets on the EasyFi network will have to stake EASY tokens.
  • Network Consensus: Users can stake EASY tokens to run a validator node and participate in network consensus.
  • Dual Farming: Users can also farm tokens of other DeFi projects tokens by staking their EASY tokens.

Please refer the EasyFi official whitepaper for more detailed knowledge about it.

WazirX – EasyFi (EASY) Giveaway

WazirX and EasyFi have partnered for a grand EASY giveaway in which users can win prizes by participating in various activities. Here is the giveaway schedule:-

WazirX – EASY Giveaway Schedule

The giveaway activity will start on Jan 27th and will end on 1st Feb.

  • Wednesday, 27th January: AMA with Ankitt Gaur, CEO of EasyFi with total prizes of $150.
  • Thursday, 28th January — Saturday, 30th January: 48-hour long Highest Trader Kaun Marathon with prizes of ₹12,04,000 ($15,000) worth EASY up for grabs.
  • Monday, 1st February: EASY trivia contest on WazirX Instagram page with prizes of $30.
  • Monday, 1st February: EasyFi Quiz with prizes of $500.
  • Stake & earn EASY on EasyFi staking module. A reward pool of 100 EASY per day will be distributed for 30 days.

AMA with Ankitt Gaur

A live AMA with Ankitt Gaur, the Founder & CEO of EasyFi Network is scheduled on Wednesday, 27th January, 5:30 PM IST. Here you can learn almost everything about EASY. Users who wish to participate can do so in the official WazirX Telegram channel.

Ankitt will be asked 10 questions crowdsourced from Twitter followers and $100 worth EASY will be given for the top 10 questions selected. Also in the end Telegram group will be unmuted for 10 minutes where users can ask live questions to Ankitt. $50 worth EASY will be distributed for the top 5 questions asked.

Ankitt Gaur is the Founder & CEO of EasyFi Network – a universal lending platform built on a layer 2 blockchain solution – Matic Network.

Highest Trader Kaun Marathon: EASY/INR

The highest trader kaun marathon contest will start on Thursday, 28th January at 9 AM IST and will continue non-stop till Saturday, 30th January at 9 AM IST. The users can earn a total of ₹12,04,000 (~ $15,000 USD) worth EASY based on their trading performance for the 48-hours long contest.

Winners will be selected based on the traded volume of EASY in the INR market. However, a trader had to trade at least a minimum volume of 15.85 EASY (worth ~₹5,000 INR) in order to qualify.

Trader RankPrizes/person (EASY)INR worth
11 – 1583.9626,488
15 – 2045.7914,448
21 – 2522.97,224
26 – 3012.213,853
31 – 357.632,408
36 – 403.821,204
41 – 2002.36745

Instagram Trivia Contest

This event is scheduled for Monday, 1st February, 12 PM IST. A total of 3 questions will be asked each at an interval of 3 minutes on Instagram story. For every question, one lucky winner from all the correct answers will win 2.54 EASY. Do follow the official Instagram page of WazirX if you wish to participate.

EasyFi Quiz

A quiz session is also scheduled on Monday, 1st February, 6 PM IST where you have to showcase your EASY knowledge to win prizes worth $500.

To participate in this quiz join the official Telegram channel of WazirX, where a total of 10 questions will be shared. Choose the correct answers quickly to stand a chance to win.

  • 1st place: $100
  • 2nd – 5th place: $50 each
  • 6th – 10th place: $20 each
  • 11th – 20th place: $10 each

Reading resources:

So, interested users can participate in the various contests mentioned above and win prizes.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.