/biz/ - Business & Finance

>>21736974
Fantom Finance DeFi suite is currently being beta tested by 15 people. One of them on Twitter has high praise for it, and some criticisms which he says the developers are working on.

What Fantom Finance offers:

- Convert Fantom/synthetic tokens (fBTC, fETH) into fUSD which is a stablecoin tied to the price of the US Dollar
- Trade up to 176 synthetic tokens/coins within the wallet each tied to it's respective real world token/coin
- As a result of the above point, drastically reduced fees, instant transaction time
- Loan and borrow FTM

One of the testers had a twitter thread about beta testing progress: https://twitter.com/ablock_io/status/1295790603830263813

This is the last time I'm going to tell you retards: $FTM is going to make us rich.

71% of the supply is staked and exchanges are running out of coins to sell. The gas fees are below a cent and transactions are processed fast as fuck. fMint, fLend, and fTrade are being released this quarter and they'll begin a new era in decentralized finance. Andrew Cronje (creator of yearn.finance and Ethereum defi developer) oversees development and has been an engineer/researcher with the team for years.

Ignore all the weak FUD. The foundation partners with governments and your favorite shitcoin will probably be plugging into their ecosystem eventually anyway. Their tech is top 5 on Weiss and once their VM is released in the next 6 months, they'll push into #1. Adoption is inevitable.

Do your research, fill your bag, stake your coins, and get comfy.