EasyFi’s On-chain Permissionless Margin Trading Protocol aims to bring scale to the burgeoning DEX based trades
The permissionless and composability ethos of the DeFi space has allowed the creation, listing and trading of the almost 20000 tokens and coins with varying degrees of liquidity, volumes and growth. Leveraged trading, however, has had its share of centralization with over $200 billion worth of margin trades happening on a daily basis on the many centralized exchanges. On DEXs – not so much!
Permissionless markets for leveraged trading have been few and far between and that too with minimal market penetration and depth. What the DeFi market truly needs is enough scale to meet the decentralized margin trade demand that it displays.
Introducing Electric
Building on the #DoMoreWithDeFi vision at EasyFi, we bring you Electric – a decentralized, permissionless, scalable, secure, leverage trading platform, that enables traders to take out short-term loans to trade margin positions from publicly sourced liquidity on from different AMMs / decentralized exchanges.
This will happen on the EasyFi App where users can conduct margin trades on designated trading pairs in an efficient and secure manner.
Leverage hundreds of tokens on EasyFi’s multichain margin trading product and execute leveraged trades with integrated liquidity from top DEXs like Uniswap, Sushiswap, PancakeSwap, QuickSwap and more on multiple blockchain networks.
Key Features
– Trades with Liquidity on DEXs – Will connect traders to trade with the most liquid decentralized markets / AMMs. We are exploring a collaboration with every AMM of repute.
– Risk-reward – Separate pools of different asset pairs will be created. This will allow lenders to invest understanding different risk and interest parameters. Lenders can invest based on the calculated risk-reward ratio
– Real-time AMM Price – Collateral ratio with real-time AMM price for any pair available from a DEX.
– On-Demand Oracle – Electric uses price feed oracles from Chainlink integrated into the lending protocol and the ones provided by the DEX to detect the market price and any manipulation whatsoever. This detection forces a price update that makes it trading and liquidation valid.
– UI/UX – EasyFi has been a pioneer in building simple, intuitive and user-friendly products. The interface and experience for Electric has been planned in a similar…
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