EasyFi is a multi-chain layer-2 money protocol that has created BLEND. It’s a series of smart contracts with advanced configurations for DeFi 2.0 applications. Created keeping the community’s requirements in mind, these smart contracts simplify the creation of yield generating products like permissionless fixed return staking programs and more.
Introduction of these permissionless advanced smart contracts is a result of EasyFi’s effort to plug a long-existing gap between the user requirement and the availability of yield generating products in the DeFi market. With EasyFi’s advanced smart contracts, anyone can launch their own staking programs that offer fixed yields to its participants over a certain duration.
The Fixed Interest Staking feature is quite opposite to EasyFi’s another recently launched product – Flexi-Interest Program where the interest yield varies with change in the target pool of tokens. Fixed interest staking returns are proportional to the target pool’s share. People who are more concerned about stability than flexibility will appreciate this feature. It allows them to expect a guaranteed yield over a set period of time without depending on any token pool status.
EasyFi is introducing the Fixed Returns Staking as one of several advanced smart contracts. For fixed return staking, the configuration parameters include:
- Program duration
- Program interest rate
- The release date and the period for locked tokens
- Lock-in durations
- The program’s target pool size
The EasyFi team explained the motivation behind creating customizable smart yield fixed-yield contracts.
“In our quest to build products that provide a wholesome experience to a DeFi user, we came across a specific issue. None of the DeFi options offered a guaranteed return on deposits. EasyFi began working to solve this problem by creating a set of permissionless, advanced smart contracts that can be used to create programs offering fixed interest. The first step in this direction is the launch of Fixed Interest Staking Programs.”
EasyFi’s Permissionless Staking Contracts are made available under the Blend banner, which has been under development since Q4 2021. Any DeFi project can utilize EasyFi’s open-source, configurable advanced smart contracts to launch their own fixed-interest products. EasyFi hopes to increase the adoption rate for DeFi projects by providing easy and open access to new products.
EasyFi contracts have been designed with security and speed in mind. This allows projects that integrate these smart contracts to benefit from various features such as smart asset routing and faster reconciliation.
EasyFi offers fixed-staking products under Blend. The 90-day program, offering 32% Fixed APR (which is currently fully subscribed), and the 60-day program, offering 24% Fixed APR are both available. The EasyFi App is available on Polygon Network.