EasyFi (EASY)

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release:

Coin Distribution

• From Rekt (20-4-2021):

"The hacker is now in control of 30% of the total supply."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on: Polygon (20-4-2021) and BSC (6-4-2021).
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

Governance

Admin Key

• EASY (on Polygon) treasury was controlled by one EOA which got compromised. From Rekt (20-4-2021):

"The hacker is now in control of 30% of the total supply, and with little liquidity, there is not much they can do. The founders are also in a tough situation; the EasyFi network has become centralised and controlled by a criminal mind. Why wouldn't these tokens be on a Multisig Wallet and / or be secured by a hardware wallet? If this admin key was secured by nothing more than a MetaMask hot wallet, then there’s little reason for sympathy. The (single) admin key was capable of draining all the liquidity with no timelock using the “transfer” function"

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Bugs/Hacks

• From Rekt (20-4-2021):

"The Polygon network saw $6 million in stablecoins and ~$53 million in EASY tokens taken without any complications, when the mnemonic keys for EasyFi fell into the wrong hands. The hacker is now in control of 30% of the total supply, and with little liquidity, there is not much they can do. The founders are also in a tough situation; the EasyFi network has become centralised and controlled by a criminal mind. Why wouldn't these tokens be on a Multisig Wallet and / or be secured by a hardware wallet? If this admin key was secured by nothing more than a MetaMask hot wallet, then there’s little reason for sympathy."

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].

Partners

• From their blog (6-4-2021):

"Mirror Protocol & EasyFi are entering into a partnership to bring tokenized stocks and other real world assets such as commodities (oil) as collateral markets on EasyFi lending protocol This will mark the launch of the Tokenized Stocks and Commodities Money Markets on EasyFi."

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