Mirror Protocol joins EasyFi ecosystem to bring Tokenized Stocks & Commodities Money Markets on BSC

Mirror Protocol is collaborating with EasyFi Network to institute a new range of tokenized stocks and commodities collateral markets on our Layer 2 DeFi lending protocol. This partnership aims at bringing the “FAANG” range of assets as 5 major tech mAssets mirrored by our partners — Facebook, Amazon, Apple, Netflix & Google, plus other assets on their Terra platform!

The launch of EasyFi’s Tokenized Stocks and Commodities Money Markets will be the first of its kind on any Layer 2 DeFi.

Some Salient points of this collaboration

  • EasyFi will integrate the mAssets listed on Terra Finance on Mirror protocol such as — mAAPL, mFB, mGOOGL, mAMZN, mNFLX, mTSLA, mTWTR, mMSFT, mQQQ, mUSO — as new money markets on our Binance Smart Chain based protocol.
  • These markets will be enabled one-by-one in due course of time.
  • Holders of mirrored assets — mAssets — from Mirror will soon be able to supply their tokenized stocks for lending. This will be an integration on our BSC based protocol.
  • Users can also take loans against their tokenized stock positions on EasyFi @ BSC.
  • Users can borrow stablecoins such as USDC, BUSD & DAI, etc against all their supplied collateral assets.

About Mirror

Mirror is a project developed and steered by its community: its markets are maintained by its own users through MIR incentives, and the protocol evolves with new ideas through democratic governance.

Website | Docs | Forum | WebApp (Terra) | WebApp (Eth) | Twitter | Telegram

About mAssets

Read More here: https://docs.mirror.finance/protocol/mirrored-assets-massets

About EasyFi

Website | Twitter | Telegram | Whitepaper | App

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