Fusion, an ecosystem that enables services across blockchain networks, announced it is joining the BEPSwap platform to provide liquidity to FSN token holders. BEPSwap from Thorchain is a new way to swap and stake BEP2 assets.
BEPSwap will allow any BNB or BEP2 holder to instantly swap BEP2 tokens at market prices from their wallet. This is achieved by sending tokens into pools containing liquidity, which performs the swap instantly based on the ratio of assets in the pool. This means anyone can maintain the liquidity of the pool and be incentivized to ensure it matches the fair market price.
Fusion on BEPSwap
The Fusion protocol is powered by the native FSN token which requires deep liquidity in order to be useable across the network. For this reason, Fusion recently listed on the Binance DEX which allows decentralized trade across blockchains.
By joining BEPSwap, Fusion will be able to experiment and test decentralized liquidity concepts, as well as secure a trustless on-chain price feed for the FSN token,
Fusion will also closely collaborate with the THORChain team on bridging technology issues.
Further features include:
- THORChain will acquire off the market FSN tokens between now and the launch in order to bootstrap the FSN pool.
- THORChain and Fusion will work together to promote the ecosystem.
- Fusion will be able to stake some parts of their treasury into the pool to offer even more liquidity to token holders.
- FSN token holders will be able to stake FSN tokens in order to earn on trade commissions.