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- EasyFI is launching its latest 3-way multichain Bridge and partnering with the Voyager.
- The 3 way multichain will allow users to quickly transfer EZ tokens across Ethereum, Avalanche, and BNBchain.
- EasyFi is a layer 2 lending protocol for the digital market; it allows users to lend or borrow assets using the Pos process.
EasyFi is ready to launch its latest 3- way multichain Bridge, and EasyFI has also announced the partnership with Voyager for 3-way multichain. This is the first service and utility that has been added to Avalanche and announced by EasyFi since the platform was launched.
The 3-way multichain Bridge will provide the users with the facility to quick EZ token transfer across the Ethereum, Avalanche, and BNBChain. Not only this, earlier EasyFi announced the evolution where the platform assured the users that they would be able to cross-chain transfer for EZ tokens in the platform.
EasyFi Corporation Inc was founded in 2020, a layer 2 lending protocol for the digital market. It mainly focuses on liquidity sourcing and capital efficiency for structured lending in a non-custodial manner. EasyFi allows users to lend or borrow digital assets using the (POS) proof-of-sake process.
EasyFi announced it through an official post: “we have been working with our partner Router Protocol to build multichain bridges on their cross-chain swap dApp Vouyager.”
“This is in line with our earlier announcements where we intended to enable a cross-chain bridge for our users to buy, sell and swap EZ tokens across multiple blockchains and seamlessly move their assets across chains supported by Voyager. We have enabled seamless 3-way EZ swaps and transfers in a ratio of 1:1 ratio between Ethereum, Binance smart chain, and Avalanche.
This is how the 3-way bridges will work.
On the first Bridge, the users will be provided with the opportunity to send the EZ tokens from the BSC to ETH by using Voyager in a ratio of 1:1 .The user should start by signing on to the dApp. They will have to choose from (BSC) and then to the Ethereum chain to start the process, the users will have to select the EZ token, and at last, the first Bridge will be completed when the users will submit the amount and complete the transactions.
The second Bridge will be BNCchain to Avalanche; this Bridge will allow users to easily swap EZ tokens across BNC smart chain and Avalanche chains. And to do this same process will be followed which was followed in the first Bridge.
And comes the last Bridge, Ethereum to Alvanche. This Bridge will allow the users to buy, swap and sell the EZ tokens not only on these 3 bridges but throughout different networks, and the step to be followed will be the same as the 1 bridge.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
