Layer-2 DeFi lending protocol Easyfi Network will integrate Chainlink price feeds launched on the Matic Network. EasyFi will use the Chainlink price oracles to issue loans at fair market valuations & maintain a secure, transparent liquidation mechanism.
“Our foray into decentralized lending made it imperative that we provide EasyFi users the most secure and performant infrastructure in order to protect their digital assets. Having Chainlink and their decentralized price oracle networks integrated with the EasyFi platform will enable us to issue loans anchored to fair market values, maintain a secure and transparent liquidation mechanism, and unlock the full potential of our smart contracts”, the Easyfi blog said.
The EasyFi and Chainlink integration will set a precedent for upcoming projects building on the newly expanding layer-2 financial infrastructure. We believe it will boost the layer-2 DeFi ecosystem on Matic Network, as Chainlink is the first price feed oracle network integrating with Matic Network. This unleashes the potential of huge innovation possibilities.
Commenting on the long term perspective of the integration, Ankitt Gaur, CEO EasyFi said, “As EasyFi moves forward with fulfilling the objectives laid out in our roadmap, we will be continuously working with Chainlink to expand into multiple networks and new layer-2 protocols in the future. Integrating Chainlink price feeds into EasyFi and Matic Network gives our users security from the most secure and reliable oracle solution, already securing billions in DeFi value. We are looking forward to a deeper relationship with Chainlink in our future endeavors, with the aim to fulfill our quest to offer more meaningful lending products to our users.”
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