EZ Finance is the first multichain leveraged farming protocol that supports different DEX on Aptos and Sui Network. EZ Fi is Aptos and Sui’s very first leveraged yield farming protocol. A total of 3 parties play an essential role in EZ Fi: Lenders, Yield farmers, and Liquidators. Users can begin yield farming with just one type of asset. EZ Fi gives you the option to supply any combination of assets without having to supply an equal amount of assets for a liquidity pool like traditional yield farming.
FUNDING: EZ Finance successfully raised $210,000 in the private investment round to fund the development of an innovative leveraged farming aggregator on the MOVE Ecosystem.
AIRDROP POSSIBILITY: And they already mentioned in their roadmap that in April they will Airdrop EZM. Although I have a doubt to whom it will be given, it will make a possibility for us if we participate in their testnet now. The full detailed process will be discussed here.
There are certain tasks that we can perform to be eligible for the airdrop . So let’s begin.
(i) APTOS COMPATIBLE WALLET SETUP: We must set up a Wallet which supports Aptos Chain in order to interact with the EZ Finance Dapp and perform transactions. Although we have a option to choose among three ( Martian, Pontem, Petra ) we’ll use Petra for it’s simple UI .
At first, we need to add Petra extension to the browser and then create a new wallet or we can import any previous wallet as well. After that open petra extension and go to settings > Network > Switch to ‘Testnet’ > Done.
Now we should go back to the home page of the wallet and there we can see a ‘Faucet’ button. Click on that and we can claim a sufficient amount of test APT as of our need.
After claim some test APT we are ready to test the EZ Finance Dapp. For now we’ll test the Lending And farming features of EZFI.
(ii) LENDING: To use those services, at first we have to go to the EZ Finance dapp and then connect the Petra wallet ( Testnet ). In the dapp there is also a ‘faucet’ button to claim few another test tokens that can be used to test the platform. So,
Connect wallet > click on ‘Faucet’ > Claim few types of tokens ( need to confirm every tx from Petra wallet ) > Done.
After claiming some test tokens, We’ll go to ‘Lend’ option . Here, we can see various tokens available for lending. We can see in screenshots that the wallet has 100 EZM, 12.891 APT and 0.1 WBTC in it’s available balance. So, we can lend in EZM, APT & WBTC from this wallet. If you claimed any other faucets, you can lend those too.
Lend > check faucets available to lend in wallet > click on ‘Deposit’ > Enter token amount > Click ‘Deposit’ on the pop-up & confirm the tx from the petra wallet > Done.
Although here we’ll lend EZM, it will be better if we lend in various tokens and also withdraw some amount from our lending balances.
(iii) FARMING: The main task to do in every Farming is to provide liquidity in token-pairs in most of the cases. Here also, we’ll provide liquidity in any pairs available and then withdraw some LP . That’s it.
At first, we have to go to the ‘Farm Pools’ tab and select the pair in which we want to provide liquidity. For example, we select CAKE-APT pool. Now, we should provide liquidity in equivalent amount in those two tokens like if we want to add liquidity of $10 worth of CAKE , we have to provide liquidity of $10 APT as well . Nothing more ,nothing less.
But if we enter 10 CAKE - 10 APT then the farming Ai of EZFI will swap those to balance their value.
Go to ‘Farm Pools’ > Select pair > enter token amounts in ‘Supply Assets’ bar > Enable Get Max APR > Click On ‘Confirm’ > Approve tx from wallet > Done .
Like lending, here also the withdraw task is also have to be done for overall testing. For withdraw- Go to ‘Your Position’ > Click on ‘Withdraw’ > Enter some amount & confirm the tx from petra > Done.
(iv) Extra Tasks: As per their Tweets and other posts it will be beneficial if we complete tasks on crew3 and earn XP to grab the uppermost positions in the leaderboard. And grab available roles in their discord as well.
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