Fantom introduces features of new DeFi platform set for launch in Q2 2020

Fantom introduces features of new DeFi platform set for launch in Q2 2020

Fantom, a next-generation consensus-as-a-service platform, recently announced the creation of fantom.finance, a full-feature DeFi (decentralized finance) platform. It will be the very first to be launched on an asynchronous Byzantine Fault Tolerance (aBFT) consensus.

Lachesis — Fantom’s aBFT consensus — will make on-chain trading, lending, and borrowing fast and secure; and financial operations will not experience any delay or congestion.

The benefits of Fantom’s aBFT consensus include:

Features of Fantom Finance

There are two primary components of Fantom Finance: fLend and fTrade.

fLend – allows users to borrow and lend tokens from/to the aggregate liquidity pool for a transparent, verifiable APR. As an FTM staker, users will also be able to collateralize their locked FTM rewards, mint fUSD against them, and then lend the fUSD to the liquidity pool to earn additional returns. Or, users can use fUSD to borrow synthetics.

fTrade – supports 176 tradeable synthetic assets — all with high liquidity, fast transactions, and zero slippage. These synthetics are secured on-chain by the Opera network’s Proof-of-Stake consensus and can be traded directly from a user’s wallet. No custodian ensures maximum protection of assets.

“We are currently working on the final details of the platform, and it is expected to launch in Q2. It is an exciting time for Fantom and for the blockchain space in general, where new ideas are created every day.”
– The Fantom Foundation team