Fountain Protocol Q2 Roadmap
Fountain Protocol, the first cross-chain lending platform, has released its Q2 Roadmap!
It has been an amazing journey thus far for the Fountain Protocol team! They have rolled out Mainnet on Oasis Network, and the smart contract audit successfully completed by PeckShield and Verilog alongside with $FTP listed on Yuzuswap. Here are what they intend to do for Q2 2022.
A Recap of Fountain since launch
They have been busy for the last month and on February 28, they launched on Oasis Network. Here are a few things they have already done:
- Fountain Smart Contract Audit Successfully Completed by PeckShield and Verilog
- Fountain Launches on Oasis Mainnet with Liquidity Mining Program
- $FTP Listed on YuzuSwap
- $FTP Dual Farming with $YUZU
- Fountain Partners with GemKeeper Listed $FTP on GemKeeper DEX
Fountain Protocol focus in Q2
- Support More Tokens as Collateral
Fountain has accepted LP tokens as collateral that allow users to supply their LP tokens on Fountain to borrow and realize additional yield. This will make the Fountain much more versatile and significantly improve capital efficiency.
Moreover, Fountain will launch the USD market, which allows users to exclusively supply or borrow stablecoins. The most attractive feature of this pool is that the Loan-to-Value ratio reaches 95% with no liquidation risk when using stablecoins in the USD market as collateral. So you can use repeated stablecoins borrowing to maximize income in the USD lending pool.
- Release Lottery Function.
In addition to changing traditional financial services, Fountain is putting a fresh spin on the traditional lottery. Fountain will release the lottery function, a unique game where users can win FTP tokens by buying tickets with their FTP tokens.
$FTP token holders have the option to participate in the prize pool. The more people participate in the lottery prize pool, the higher the rewards and more yields for all token holders. In this case, your rewards will be coming from multiple sources, the possibility and chances of winning the lottery prize money in addition to DeFi yields.
- Launch DEX Aggregator.
The TVL of Oasis Network is growing fast. The need for a DEX aggregator on Oasis Network will grow exponentially alongside the Oasis DEX trading volume. Therefore, a DEX aggregator will bring great benefit to the prospering Oasis ecosystem.
Fountain aims at serving as the go-to trading portal for trading on Oasis by ensuring a seamless, efficient, and secure trading experience. They will utilize intelligent algorithms to pinpoint the most cost-effective deal based on the aggregation, enabling users to trade on different DEXes on Oasis, offering a full package of information on prices, slippage, and costs.
- IFOs on Fountain Protocol
“IFO” (Initial Farm Offering) is a new model of token sale pioneered by Fountain to support the development of new projects on the Oasis ecosystem, which enables innovative projects to raise funds on their platform.
The product also provides its users with financial opportunities to contact high-quality projects. Users need to hold a required amount of $FTP tokens and obtain a whitelist, then commit ROSE/USDT tokens to buy the IFO tokens.
About Fountain Protocol
Fountain Protocol is the first cross-chain lending platform powered by Oasis. The protocol enables users to experience high capital efficiency and one-stop management of DeFi assets. Taking advantage of the extremely efficient and low-cost Oasis Network, Fountain Protocol establishes a multi-revenue protocol with a fund pool as the core and multiple application scenarios.
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