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Fantom Foundation Join DeFi With New Released Suit fMint
Summary: According to the official announcement, the consensus-as-a-service platform Fantom Foundation today released the first component of Fantom Finance, fMint. Users can lock any amount of FTM and use it as a collateral to mint fUSD, the collateralized stablecoin on Fantom. The collateralization ratio, which named C-Ratio, should be kept at a minimum of 300%. Users who keep a C-Ratio of at least ...
According to the official announcement, the consensus-as-a-service platform Fantom Foundation today released the first component of Fantom Finance, fMint. Users can lock any amount of FTM and use it as a collateral to mint fUSD, the collateralized stablecoin on Fantom.
The collateralization ratio, which named C-Ratio, should be kept at a minimum of 300%. Users who keep a C-Ratio of at least 500% can earn 6% APY in wFTM rewards.
fMint is the first component of the suite, the foundation will reveal fSwap and fLend suits in next weeks.
By Mary Liu
Tags: DeFi,Fantom Finance,Fantom Foundation,fMint
Link: Fantom Foundation Join DeFi With New Released Suit fMint [Copy]
