Mirror Protocol Partnered with EasyFi Network to bring Tokenized Equity for Layer 2 DeFi Money Markets.

Hello EasyFi Community,

This month in EasyFi Network, Mirror Protocol was welcomed into the EasyFi Ecosystem to bring tokenized stocks and commodity money market on Binance Smart Chain.

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Mirror is a Defi protocol powered by smart contracts built on the Terra Network, this Defi protocol enables the creation of synthetic assets called Mirrored Assets(mAssets).

Mirror is a protocol that is censorship-resistance and accessible to anyone around the world via the Mirror web app and Mirror Wallet(mobile). It's a community-steered project and it evolves with the new ideas through democratic governance.

What the Partnership Entails?

  • Mirror Protocol has partnered with EasyFi to bring tokenized sticks and other real-world assets to EasyFi lending protocol as collaterals, assets like oil.

  • This partnership will be the beginning of tokenized stocks and commodities money market on EasyFi Network, it is said to be another major growth for the whole ecosystem.

  • More range assets from FAANG, Facebook, Amazon, Apple, Netflix, and Google will now be available on EasyFi Network Lending Protocol.

  • Users now have the opportunity to use tokenized commodities (OIL) for their lending and borrowing on EasyFi Network.

  • Community members of Mirror Protocol, that is holders of mAssets will be able to take loans against their tokenized stock and commodities positions on EasyFi Lending Protocol via Binance Smart Chain.

  • This partnership bringing tokenized stocks and commodities money market to EasyFi Network will serve as the first of its kind on any Layer 2 Lending Protocol.

  • The partnership will also let users borrow stable coins such as USDC, BUSD and DAI and others against their supplied collateral assets.

Read About mAssets

mAssets are synthetic assets on Mirror that mimic the price behavior of real-world assets and give traders anywhere in the world open access to price exposure without the burdens of owning or transacting real assets.

Thanks for Reading


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I am Bee 🐝

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