EasyFi Network Adds Insurance and Security Partners to Further Strengthen its Offering


DeFi protocol EasyFi is wanting to bounce again in a significant manner. After a difficult begin to the 12 months, the EasyFi crew has accomplished a tough fork and launched an in depth interim compensation plan and reinstatement plan. Built on the spine of permission-less networks and automated sensible contracts, the newest information for EasyFi bodes properly for future progress.

The protocol is taking the subsequent steps to see success, implementing two new main companions – Halborn for auditing and safety, and Tidal Finance for insurance coverage. The layer 2 lending protocol is honed in scalability, composability, and adoption – and is now including the safety and safety essential to make it occur.

EasyFi x Halborn: Cybersecurity At The Forefront

EasyFi is partnering with cybersecurity agency Halborn for full-scale sensible contract safety audits and complete safety advisor for the EasyFi infrastructure throughout Polygon, Ethereum and Binance Smart Chain.

The Layer 2 DeFi agency emphasised a full audit of safety practices within the aforementioned reinstatement plan and has introduced in Halborn to deliver that to life. The partnership will probably be ongoing and sustained to guarantee that there’s a process-driven safety technique, in addition to auditing, advising, and tech validation round safety from the Halborn crew.

Additionally, Halborn will conduct penetration testing to determine potential vulnerabilities throughout the protocol earlier than they are often exploited. From greatest practices and sensible contract audits to protocol testing and threat assessments, EasyFi will probably be wanting to have a holistic safety strategy from Halborn.

The crew at Halborn has labored on cybersecurity efforts with purchasers equivalent to Coinbase, Stellar, Bancor and BlockFi.

EasyFi x Tidal Finance: Insurance For The EasyFi Lending Protocol

The EasyFi Network can be pairing up with the first-ever cross-chain DeFi insurance coverage platform, Tidal Finance. Tidal gives providers that permit customers to create their very own customized insurance coverage swimming pools for quite a lot of belongings whereas permitting liquidity suppliers a chance to spend money on swimming pools that are perfect for their threat/reward ratio.

Through the Tidal partnership, EasyFi appears to be like to supply multiple-level insurance coverage protection to all customers and initiatives, in an effort to spotlight the risk-mitigation capabilities that the chain can supply its shoppers.

Tidal will present an insurance coverage cowl to the EasyFi multi-chain protocol, interact with safer credit score delegation and micro-lending providers, permit customers to choose threat swimming pools at their discretion, and permit customers the chance to filter via a mixture of belongings and protection phrases, permitting for a custom-made insurance coverage bundle.

The partnership will allow EasyFi to insure its now audited sensible contracts from failure or unanticipated future vulnerability. It may also permit the platform to safe all digital asset choices from person deposits for lending. It additionally reveals the potential for EasyFi to flex its muscle in liquidity swimming pools by taking a look at totally different metrics to consider threat and return.

 

Image by Werner Moser from Pixabay



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