EasyFi (EASY)

From CryptoWiki

Revision as of 08:52, 23 January 2022 by 5imp5on (talk | contribs) (1 revision imported)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Basics

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

History

Token

Launch

Token Allocation

Utility

Other Details

Stablecoin

Coin Distribution

"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

Transaction Details

How it works

Mining

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Privacy Method

Compliance

Oracle Method

Their Other Projects

Governance

DAO

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"

Treasury

Upgrades

Roadmap

  • Can be found [Insert link here].

Audits

Bugs/Hacks

"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."

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding, Partnerships, etc.

Team

  • Full team can be found [here].

Funding

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."

(:

Knowledge empowers all and will help us get closer to the decentralised world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.

ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31

Also check out CoinTr.ee for more content.