EasyFi Introduces Blend – A New Generation of DeFi Products with Configurable Advanced Smart Contracts

EasyFi, the multi-chain layer-2 money market protocol has introduced BLEND, a set of advanced and configurable smart contracts for DeFi 2.0 applications. Created keeping the community’s requirements in mind, these smart contracts simplify the creation of yield generating products like permissionless fixed return staking programs and more. Introduction of these permissionless advanced smart contracts is a result of EasyFi’s effort to plug a long-existing gap between the user requirement and the availability of yield generating products in the DeFi market. With EasyFi’s advanced smart contracts, anyone can launch their own staking programs that offer fixed yields to its participants over a certain duration. The Fixed Interest Staking feature is quite opposite to EasyFi’s another recently launched product – Flexi-Interest Program where the interest yield varies with change in the target pool of tokens. Instead, the returns in fixed interest staking are directly proportional to their share of deposits in the specific target pool. It is a welcome addition to those who prefer stability over flexibility, as they can expect to receive a committed yield for a pre-specified duration without relying on the token pool status at any instant. The Fixed Returns Staking is the first of many advanced configurable smart contracts that are set to be introduced by EasyFi. The configuration parameters in the case of fixed returns staking contracts...