iGain IRS, for instance, was conceived with the idea of ensuring stability and control in users’ interest rates, when lending and borrowing on DeFi platforms. Thanks to the power of decentralized derivatives. However, blockchain technology started to become a victim of its own success, clogging a large number of networks, thereby making the transactions slower, and costs higher. As iGain Finance announced its expansion to Fantom Network.

4 Reasons Why They Chose To Expand On Fantom

1. Fantom has low fees – As the demand for blockchain transactions has dramatically grown on a monthly basis. The scenario created a “good problem to have” — and too big to ignore — rising gas fees. Fantom, thanks to its Directed Acyclic Graph technology (DAG), is able to process 4,000 TPS (transaction per second). This is one of the most important aspects that any app developer should consider. Because fees can eat users’ earnings little by little if you don’t take action early on.

2. Fantom is Flexible – Fantom, being an Ethereum Virtual Machine (EVM) compatible chain, has made it easy for iGain IRS to be deployed on its network.

3. Fantom is backed by a thriving community – iGain enjoys the company of the 200+ dApps that have already been deployed on the Fantom network. And now, thanks to iGain, Fantom users can now enjoy its FIXED lending interest rate through a special leverage token mechanism called LONG and SHORT

4. Designed and piloted on a lending protocol, Aave. –  IGain‘s roadmap now includes integration with a lending aggregator, and for that, we have chosen Yearn Finance.

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About iGain Finance

iGain is a decentralized financial instrument protocol. Furthermore, they provides the options for investors to hedge/profit/speculate on certain targeting underlying assets with a synthetic, tokenized position.

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. Moreover, make Fantom ideal for DeFi applications and real-world use-cases.

Website | Twitter

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SOURCE

https://medium.com/hakkafinance/4-reasons-why-we-chose-to-expand-on-fantom-734658879ff6

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