Decentralized Finance (DeFi) is a revolutionary movement that seeks to create a new financial system that is open, transparent, and accessible to everyone. It is a blockchain-based financial ecosystem that is designed to be more efficient, secure, and affordable than traditional financial systems. DeFi is built on the principles of decentralization, transparency, and trustlessness. One of the key players in this space is Fantom, a fast, scalable, and secure blockchain platform that is playing a critical role in the DeFi revolution. In this article, we will take a closer look at Fantom’s role in the DeFi revolution, with a particular focus on the FTM token.

What is Fantom?

Fantom is a high-performance, scalable, and secure blockchain platform that is designed to support decentralized applications (dApps) and smart contracts. The platform uses a consensus mechanism called Lachesis, which enables it to achieve high levels of scalability and speed. Fantom is built on the Ethereum Virtual Machine (EVM), which means that it is fully compatible with Ethereum and all of its tools and infrastructure.

Fantom’s Role in the DeFi Revolution

Fantom is playing a critical role in the DeFi revolution by providing a fast, scalable, and secure platform for the development and deployment of decentralized applications and smart contracts. Fantom is particularly well-suited to the DeFi space because it can handle high transaction volumes and complex smart contracts with ease. This makes it an ideal platform for DeFi protocols that require fast and secure transactions, such as decentralized exchanges (DEXs) and lending platforms.

Fantom’s high level of scalability also makes it well-suited to the needs of DeFi users, who require fast and affordable transactions in order to participate in the ecosystem. With Fantom, users can enjoy fast transaction speeds and low transaction fees, which makes it easier and more affordable for them to use DeFi applications.

The FTM Token

The FTM token is the native cryptocurrency of the Fantom platform. It is used to pay for transaction fees, incentivize network participants, and participate in the governance of the platform. The FTM token is also used as collateral in various DeFi protocols, such as lending platforms and liquidity pools.

One of the unique features of the FTM token is its staking mechanism. Users can stake their FTM tokens in order to earn rewards in the form of more FTM tokens. This incentivizes users to hold their FTM tokens and participate in the governance of the platform. The staking rewards are funded by the transaction fees generated by the platform, which ensures that the incentives are sustainable and aligned with the interests of the network.

The FTM token has seen significant growth in value and adoption over the past year, thanks in large part to Fantom’s success in the DeFi space. As of March 2023, the FTM token has a market capitalization of over $10 billion, making it one of the most valuable cryptocurrencies in the world.

Fantom’s DeFi Applications

Fantom has a growing ecosystem of DeFi applications that are built on top of its platform. One of the most popular DeFi applications on Fantom is the SpookySwap decentralized exchange, which allows users to trade cryptocurrencies in a fast and secure manner. SpookySwap has seen significant adoption in the DeFi space, thanks to its low transaction fees and fast transaction speeds.

Fantom also has a growing ecosystem of lending platforms, such as SpiritSwap and Curve Finance, which allow users to lend and borrow cryptocurrencies in a decentralized manner. These platforms use the FTM token as collateral and offer competitive interest rates to users.

Fantom’s DeFi applications also include liquidity pools, such as the Fantom Opera Pool, which allow users to provide liquidity to the platform and earn rewards in the form of FTM tokens. These liquidity pools play a critical role in the functioning of DeFi protocols, as they ensure that there is enough liquidity in the system to support trading and lending activities.

Fantom’s interoperability with other blockchains also makes it an ideal platform for cross-chain DeFi applications. For example, Fantom is fully compatible with Ethereum, which means that DeFi protocols built on Fantom can easily interact with Ethereum-based protocols. This interoperability also enables the creation of innovative DeFi applications that bridge different blockchains, such as cross-chain liquidity pools and decentralized exchanges.

Fantom’s Future in DeFi

Fantom’s future in the DeFi space looks bright, thanks to its strong performance and growing ecosystem of DeFi applications. As the DeFi space continues to grow and mature, there is likely to be increasing demand for fast, scalable, and secure blockchain platforms like Fantom.

Fantom is also well-positioned to benefit from the trend towards interoperability in the DeFi space. As more DeFi protocols are built on different blockchains, there will be a growing need for platforms that can facilitate cross-chain interactions and transactions. Fantom’s interoperability with Ethereum and other blockchains positions it well to meet this demand.

Conclusion

Fantom is a high-performance, scalable, and secure blockchain platform that is playing a critical role in the DeFi revolution. Its fast transaction speeds, low transaction fees, and interoperability with other blockchains make it an ideal platform for DeFi protocols. The FTM token is the native cryptocurrency of the Fantom platform, and it is used to pay for transaction fees, incentivize network participants, and participate in the governance of the platform. With a growing ecosystem of DeFi applications, a strong performance record, and increasing demand for interoperability, Fantom is well-positioned to continue playing a leading role in the DeFi revolution in the years to come.

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The leading tokenization Web3 app Bitbond Token Tool added support for the Fantom blockchain. Token Tool lets users create ERC20 tokens, NFTs, token sales and manage many other token functions in a convenient way. Users don’t have to write their own smart contracts but can configure everything via the Token Tool user interface. As Bitbond Adds Support for Fantom Blockchain.

The smart contracts that Token Tool uses have been audited by CertiK earlier this year. This way users don’t need a separate audit on the tokens they create via Token Tool.

The Integration

Bitbond now started working together with the Fantom Foundation and added full support for the Fantom blockchain on its Token Tool product.

Fantom is a high-performance, single-state, and EVM-compatible blockchain designed to simultaneously process many transactions without compromising on security. The blockchain continuously ranks among the top 10 largest chains by total value locked in DeFi applications according to DefiLlama.

This shows that Fantom has an active DeFi community and user base. The support of Fantom in Token Tool will facilitate the creation of tokens and NFTs in the Fantom ecosystem further.

Token Tool includes a portfolio tracker feature which now also allows to keep track of tokens a user owns on the Fantom chain.

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About Fantom

Fantom (FTM) is a smart contract platform for digital assets and DApps designed to overcome the limitations of the previous-generation blockchain networks facing the blockchain “trilemma.” The platform can execute multiple blocks simultaneously using its unique asynchronous byzantine fault tolerance consensus algorithm. FTM is the native utility PoS token of Fantom powering the ecosystem.

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About Bitbond

Bitbond is a Berlin based financial technology company with a focus on asset tokenization and digital assets. They conducted the first Security Token Offering (STO) in Germany with a securities prospectus approved by BaFin in 2019. Bitbond works mainly with banks and other financial intermediaries in the areas of tokenization and custody of digital assets based on blockchain technology. Bitbond’s tokenization product Token Tool allows its users to create and manage tokens on leading EVM blockchains in a convenient way without the need of coding own smart contracts. Token Tool has been successfully audited by CertiK.

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SOURCE: BITBOND BLOG

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What is Fantom?

Fantom is a high-performance, scalable, EVM-compatible and secure smart-contract platform. Fantom’s mainnet deployment—Fantom Opera—is built on Fantom’s consensus mechanism, Lachesis. Fantom is a leaderless, asynchronous, and byzantine fault-tolerant Layer 1 blockchain protocol. Lachesis enables Fantom to deliver fast transaction speeds, low transaction costs and deterministic finality. This is achieved while remaining permissionless, decentralized and open-source. As RedStone announced its Integration with Fantom Network.

Advantages of Fantom

• Speed – Fantom achieves transactions finality in 1 second on average.
• Scalability – Fantom can process thousands of transactions per second and can scale to hundreds of nodes.
• Security – Lachesis provides institutional-grade security to distributed networks. Fantom offers absolute finality, which means that transactions can never be reverted like in networks with probabilistic finality. Fantom is also leaderless. By removing leaders, security doesn’t rely on a small set of actors.
• Smart contract support – Fantom is fully compatible with Ethereum. Developers can create and deploy smart contracts as they would on Ethereum.
• Consensus-as-a-service – Lachesis can be used to create any kind of private and public distributed ledger, using EVM or Cosmos SDK.

The Integration

Fantom is a well-known L1, its thriving ecosystem was definitely one of the fastest growing during this cycle. Since there are a lot of innovations happening there, with a massive amount of Builders in the space choosing Fantom as a go-to solution, found it obvious to integrate with this chain to support its growth!

RedStone now provides the Fantom Community with a cutting-edge oracle solution for the applications in this thriving ecosystem. Builders can now access reliable Data Feeds for 1100+ assets covering cryptocurrencies, NFTs, equities, commodities, on-chain reputation, and much more. We are also ready to provide custom Data Feeds tailored to the applications’ needs. Non-standard data is our specialty and we enable Fantom Builders to leverage it to the fullest. All of that will enable them to create real business use cases simply not possible before due to the lack of necessary data.

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About Fantom

Fantom (FTM) is a smart contract platform for digital assets and DApps designed to overcome the limitations of the previous-generation blockchain networks facing the blockchain “trilemma.” The platform can execute multiple blocks simultaneously using its unique asynchronous byzantine fault tolerance consensus algorithm. FTM is the native utility PoS token of Fantom powering the ecosystem. It is applied for payments, network fees, staking, and governance.

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About RedStone

RedStone looks to mitigate the presented issues faced by blockchain projects by offering flexible and affordable oracle solutions. The ecosystem has changed dramatically over the last months and current DeFi protocols require more data delivered at lower latency; RedStone offers a radically different design of Oracles catering for the needs of modern Defi protocols.

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SOURCE: REDSTONE BLOG

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Plan To Bring Liquidity

With the launch of any DEX it is really important to bootstrap liquidity. The core functions of a DEX are to have available liquidity and enable a low slippage competitive swap. As Equalizer Launch on Fantom Mainnet.

It’s their initial 4 week farming program that helps them bootstrap Equalizer with liquidity.

Equalizer Exchange’s Model

They like to refer to Equalizer as being an advanced DEFI protocol, which sits in the “Real Yield” category/narrative. This system is complex and requires the people operating on its platform to have knowledge of its functions and objectives.

Fee System Is Key To Their Success

One of the most important factors of Equalizer is to reward the veNFT holders with the fees charged on swaps. Having these fees conducive to the ability to hold the adequate liquidity required for efficient swaps, lies within this well aligned fee structure.

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About Equalizer

Equalizer was derived from the initial concept of Andre Cronje. The mechanism that was used to create a perpetual decentralized exchange was unique and ingenious. The launch of this platform is to take the concept and apply it to a more natural style DEX. Equalizer will become the trading mechanism for the Fantom network, utilizing the Solidly perpetual model with some tweaks to fee structures and emissions.

Website | Twitter

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About Fantom

Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use cases.

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SOURCE: MEDIUM

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Wanchain drives blockchain adoption through crosschain interoperability by building fully decentralised direct bridges that connect the world’s many siloed blockchain networks. As Wanchain Connected to Fantom Network.

What does Wanchain offers?

• Direct –  Up to Wanchain 5.0, all crosschain transfers supported by Wanchain were about transferring assets through Wanchain. A direct bridge platform is to expand the Wanchain platform to support asset transfer between two blockchains without the need of routing through Wanchain. This will allow Wanchain to provide a technical mechanism to bridge Bitcoin, Ethereum, Polkadot, and EOS blockchains directly.
• Decentralized – Wanchain provides a holistic open source crosschain suite for the 5.0 release. The Wanchain crosschain mechanism, storeman agents, P2P discovery, wallet, and browser have all been redesigned and implemented to increase performance and improve user experience.
• Fair – Anyone can deploy a Wanchain bridge node.
• Incentivised – Node operators and delegators are rewarded for securing the network and bridges with WAN coins.
• Secure – Wanchain bridge nodes use Secure Multiparty Computation and Shamir’s Secret Sharing cryptography.
• Accessible – Wanchain is fully EVM compatible, making it easy for developers to build crosschain Solidity-based applications.

Wanchain Crosschain Bridge Types

• Direct Bridges – Direct bridges require no intermediaries or relay network to complete crosschain transactions.
• Layer 2 Bridges – Layer 2 bridges use decentralised liquidity pools to bridge assets between popular Ethereum Layer 2 networks like Polygon and Arbitrum. Assets do not need to pass through the Layer 1 blockchain, thereby preserving the Layer 2 network’s high transaction throughput and relatively low gas fees.
• NFT Bridges – NFT bridges use the lock-mint-burn-unlock mechanism.

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About Fantom Network

Fantom is a high-performance, scalable, EVM-compatible, and secure smart-contract platform. Lachesis enables Fantom to deliver fast transaction speeds, low transaction costs, and deterministic finality. Fantom is a leaderless, asynchronous, and byzantine fault-tolerant Layer 1 blockchain protocol.

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It’s only been a couple of weeks since Automata Network made their hello-world introduction for 1RPC, but the number of requests on their private RPC relay have now exceeded 300 million. It is beyond wonderful to see so many of you using, supporting and affirming the need for a privacy-respecting Web3. As Automata Network 1RPC now supports Fantom Network.

• Chain ID: 250
• Currency: FTM
• 1RPC HTTPS URL: https://1rpc.io/ftm
• Block Explorer URL: https://ftmscan.com/

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Why Fantom?

Fantom has been Resonate’s home-base throughout the development process of Resonate and holds a special place in the hearts of their team. With a flourishing, supportive and like minded community, it only seems natural that this announcement comes to fruition officially. In doing so, they’ll continue to establish their reach within the growing Fantom DeFi ecosystem. They’re happy to have the assistance of the Fantom Foundation in growing their relationships and improving their offerings within the Fantom community. As Resonate announces Support for Fantom Opera Network.

What does Resonate offers?

• Utilize idle treasury to sustain staking rewards without hyperinflation

• Lock tokens; earn instant yield

• Purchase deeply discounted token yield futures

• Drive long-term liquidity to your yield farm or staking system

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About Fantom Network

Fantom is a high-performance, scalable, EVM-compatible, and secure smart-contract platform. Fantom’s mainnet deployment — Fantom Opera — is built on Fantom’s consensus mechanism, Lachesis. Lachesis enables Fantom to deliver fast transaction speeds, low transaction costs, and deterministic finality. This is achieved while remaining permissionless, decentralized, and open-source. Fantom is a leaderless, asynchronous, and byzantine fault-tolerant Layer 1 blockchain protocol.

Website | Twitter

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About Resonate

Resonate is a Yield Futures Protocol developed by Revest Finance and built on top of Revest’s Financial NFT (FNFT) technology. Using Resonate, they’re able to separate the principal and interest components of a position by issuing two FNFTs; one containing the principal and the other containing the rights to future interest on that principal. Resonate facilitates the commerce of the rights to future interest by matching issuers (who want to sell their interest rights for a one-time upfront payment), and purchasers (who want to buy the rights to future interest for a one-time upfront payment).

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About Revest Finance

The Revest Protocol offers a revolutionary new use of NFTs as financial tools through the Financial Non-Fungible Token (FNFT). Individual and enterprise-level users can deposit any ERC-20 or ERC-721 into Revest’s interactive FNFTs and set custom unlocking conditions (time, value, or contract-based). Revest allows the tokenization of all non-fungible financial positions with non-fungible tokens. This simple turn-key solution offers elegant applications ranging from token vesting to cutting-edge implications for derivative and borrowing/lending platforms.

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SOURCE: MEDIUM

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Prime Protocol is excited to announce the addition of Fantom Testnet to their upcoming testnet app! Fantom has thousands of active daily users. And Prime welcomes the Fantom community to test the functionality of Prime. during the beta period. As Fantom Supported on Prime Testnet.

Users will be able to deposit Fantom testnet funds, as well as funds from several other testnets, into Prime Protocol, and borrow against the entire value of their collateral. Prime Testnet supports MetaMask, Coinbase Wallet and Wallet Connect to give users a variety of options to deposit their funds into the application. Some lucky users who interact with our testnet will be rewarded with a special Prime NFT and other incentives!

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About Fantom Network

Fantom is a high-performance, scalable, EVM-compatible and secure smart contract platform. Its consensus mechanism, Lachesis, allows for much higher transaction speeds and improvements, without sacrificing security or decentralization. Fantom is powered by a leaderless Proof-of-Stake protocol to secure the network. Fantom is open-source and permissionless, meaning anyone can use the technology and anyone can participate in securing the network through validator nodes.

Website | Twitter

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About Prime Protocol

Prime Protocol is building the first natively cross chain prime brokerage. Similar to margin loans in traditional finance, Prime offers over-collateralized stablecoin loans backed by investors’ entire digital portfolios, regardless of asset type or blockchain. This model of interoperability is revolutionary in the DeFi space, where existing infrastructure only supports loans within single blockchain ecosystems, often only backed by a single collateral type.

• One Account For Every Token – Borrow against your whole portfolio.

• Cross Chain Margining

• Universal Monetary Policy – One competitive interest rate for every loan.

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SOURCE: MEDIUM

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By adding native Fantom token support, ChainPort now supports three native tokens. Those are Ethereum, Polygon, and BNB, with more to be supported soon. Additional token support brings ChainPort closer to its mission of security and interoperability. As ChainPort to Support Fantom Native Tokens. According to FTMscan, there are over 1,000,000 transactions on FTM’s blockchain per day.

Fantom is a highly scalable EVM-compatible proof-of-stake blockchain with many Dapps and tokens developed on its chain.

Fantom Native Token Support

Porting tokens cross chain can help projects originally developed on Fantom reach a larger audience. Cross chain deployment can assist these projects. Tokens get listed on a more significant number of DEXs. Multiple listings could assist their trading volume, exposure, and adoption.

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About Fantom

Fantom (FTM) is a highly secure and scalable proof-of-stake blockchain ecosystem. Other key features of Fantom are its speed and low fees. Since the launch of Fantom’s mainnet in 2019, it quickly grew in popularity. Currently, it is within the top 100 cryptocurrencies by market cap.

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About ChainPort  

ChainPort is a next-gen cross chain bridge that provides custodian-level security with full interoperability. They introduces an unprecedented level of security architecture, porting tokens safely across blockchains with just a click.

ChainPort is a permissionless bridge already porting more than 191 tokens between blockchains, with additional projects joining daily. Since its launch in 2021, Chainport has managed 40,000 ports and $610,000,000 in volume. Learn more by visiting ChainPort.io or reading our documentation.

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SOURCE: CHAINPORT BLOG

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Introducing Rift Finance

Liquidity mining is a toxic process that aims to solve a critical pain point for DAOs but falls short. Furthermore, instead of sustainably deepening governance token liquidity, liquidity mining forces DAOs to deplete their treasuries to mercenary capital, pushing market cap and token price downward at the expense of community members.

Additionally, Rift has developed a novel solution to this prevalent problem. By rethinking the incentives around liquidity provisioning, Rift allows profit-motivated liquidity providers and liquidity-motivated DAOs to work collaboratively, deepening token liquidity while offering LPs amplified returns and impermanent loss protection. In addition, DAOs deposit their governance tokens into a Rift vault which pairs with capital from LPs and deploys on a DEX to increase liquidity for the pair.

Vault Details

Rift allows DAOs to customize their protocol-owned liquidity strategy as an alternative to toxic liquidity mining, through the use of APY floors and lockup periods.

Fantom, Origin, and Aurora will open three Rift Vaults each for their governance tokens. These Vaults will vary in APY floors and lockup periods. In addition, APY floors for the Vaults will range from 4.5% to 6% and are set as an additional measure of protection for liquidity providers. Now, with the new APY floor feature, DAOs have set higher protection standards to allow LPs to withdraw at least the APY floor in the event the Vault incurs an impermanent loss, except in the most extreme cases.

How to Participate

Starting June 21, 2022, at 2 PM ET, the Rift Vaults will open for public deposit. Liquidity providers in these Vaults will be whitelisted for an exclusive POAP to commemorate the launch of Rift’s first public Vaults on Ethereum.

Browse the available Vaults and use the “Earn” portal to deposit ETH into the Vaults.

ABOUT Rift Finance
Rift is a decentralized protocol that restructures incentives to improve liquidity across DeFi.

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ABOUT Origin Protocol
Origin is a protocol for creating sharing economy marketplaces using the Ethereum blockchain and IPFS. It also empowers developers and businesses to build decentralized marketplaces on the blockchain. Its protocol makes it easy to create and manage listings for the fractional usage of assets and services.

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ABOUT Fantom
Fantom is a high-performance, scalable, as well as EVM-compatible, and secure smart-contract platform. Fantom’s mainnet deployment—Fantom Opera—is built on Fantom’s consensus mechanism, Lachesis. Fantom is also a leaderless, asynchronous, and byzantine fault-tolerant Layer 1 blockchain protocol.

ABOUT AURORA
Aurora is an Ethereum Virtual Machine built on the NEAR Protocol, delivering a turn-key solution for developers to operate their apps on an Ethereum-compatible, high-throughput, as well as scalable and future-safe platform, with low transaction costs for their users.

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RESOURCES
RIFT FINANCE

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