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Fantom Launches fUSD Version 2 for Enhanced Stability

Fantom introduces fUSD Version 2, offering a scalable and cost-effective stablecoin solution.
Published on 2023-01-30

Introduction to fUSD Version 2

Fantom, a highly scalable blockchain platform, has announced the launch of fUSD Version 2. This new version aims to improve stability and cost-effectiveness compared to its predecessor, Version 1. The transition from v1 to v2 is designed to enhance user experience and financial efficiency.

Key Features of fUSD Version 2

The upgrade to fUSD Version 2 introduces several key features that aim to streamline operations. Stakeholders can allocate fees in FTM or fUSD, which allows for better cost predictability based on usage. This flexibility is a significant improvement, aligning with the platform's goal to offer a more user-friendly and budget-conscious solution.

Liquidation Mechanism

One of the notable changes in Version 2 is the implementation of a liquidation mechanism. Positions with fUSD debt equal to or greater than the FTM or sFTM backing will face liquidation. If the backing is in sFTM, the stake will be unstacked, and all rewards will be claimed. This mechanism ensures that the stablecoin remains secure and efficient, mitigating risks associated with debt positions.

Conclusion

Fantom's introduction of fUSD Version 2 represents a strategic move towards a more robust and economical blockchain solution. This upgrade reflects Fantom's commitment to innovation and enhanced financial operations within the blockchain ecosystem. As the platform continues to evolve, users can anticipate further enhancements to support scalability and cost-efficiency.

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