Cryptocurrency Q&A
What is Fantom Finance?
What is Fantom Finance?
Sara
Sat Nov 02 2024
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5 answers
1197
Fantom Finance is a decentralized finance (DeFi) platform built on the Fantom blockchain. It offers two main components: fLend and fTrade, allowing users to lend, borrow, and trade synthetic assets with high liquidity and fast transactions. Fantom Finance aims to provide transparent and verifiable APR for users who stake their FTM tokens to mint fUSD, which can then be lent to the liquidity pool for returns or used to borrow synthetic assets for trading.
5 answers
CherryBlossomKiss
Mon Nov 04 2024
It leverages the Ethereum blockchain as its foundational layer, enhancing its capabilities and potential.
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Valentina
Mon Nov 04 2024
The platform focuses on offering decentralized finance (DeFi) services to a wide range of developers.
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GinsengBoostPower
Mon Nov 04 2024
Developers are empowered to write, compile, and deploy smart contracts with ease on Fantom.
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EthereumLegend
Mon Nov 04 2024
Fantom stands as an open-source platform specifically designed for digital assets.
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SolitudeEcho
Mon Nov 04 2024
Fantom utilizes a unique consensus mechanism known as the Lachesis protocol, which sets it apart from other blockchain platforms.
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