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EasyFi has introduced a new solution for traders wishing to enter the margin trading market. The QuickSwap Testnet is linked to the Electric Testnet, which is presently operational on Polygon Mumbai. With the launch, traders can acquire short-term loans and trade margin positions using publicly available liquidity from a decentralized exchange. The entire process will take place on the EasyFi app, enabling traders to leverage hundreds of tokens on the platform to carry out leveraged deals. https://twitter.com/EasyfiNetwork/status/1574429019210059777?s=20&t=bGsV1W8S9MqkHW-5vrwTGQ
EasyFi Application Mechanism
Liquidity is provided to users by reputable decentralized exchanges. PancakeSwap, UniSwap, QuickSwap, and SushiSwap are a few of the sites on the list. Margin trading was accomplished securely and effectively with the help of the EasyFi application's mechanism. One of the main aspects of the launch is that users will have access to some of the best-decentralized exchanges. Users will have access to a distinct pool of diverse assets where they may learn about risk and reward factors. Investments will now have a higher return with less risk. Any decentralized exchange that supports the pair will show the current AMM price. Electric has a user interface that is easy to navigate and comprehend. It is a user-friendly device that is intuitive and simply designed.
Lending Pools For Electric Testnet
Electric seeks to accept trading pairs in separate and distinct lending pools. The lower number of tokens for the margin market will serve as the starting point for the procedure. EasyFi will establish loan pools for Electric. The community will continue to hold the final decision until the EasyFi DAO debuts. The community members will also participate in decision-making for other matters, such as governance. Further considerations such as margin trading pairs, crypto loan collaterals, risk thresholds, and default interest rates would depend on community input.