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Fantom started from the official DeFi suite, and then continued to grow the ecosystem through ecological project donations and incentives. The ecological picture (over 70) revolves around cross-chain bridges, decentralized exchanges or AMM protocols, revenue optimizers, NFTs, and lending. Unfold gradually.
Written by: Karen
The wave of new public chains has revived, supplemented by the crazy call of yearn.finance founder Andre Cronje. The price of Fantom token FTM has risen by more than 8 times in just two months, and the total pledge accounted for more than half. The previous surge has exceeded 50 times and has now exceeded 600,000. The 370 million FTM ecological incentive plan recently launched by Fantom has given the Fantom ecology more imagination.
To better understand the relationship Fantom, chain, smell from the Fantom and Andre Cronje, aspects and significant changes and progress Fantom platform features such as the CEO, including team members to explore and explain one by one, and for more than 70 Fantom existing ecological projects Combing.
Team: Management and organizational structure have undergone significant adjustments
Founded in January 2018, Fantom was originally a DAG-based smart contract platform created by South Korean developer Byung Ik Ahn. Among the 27 team members currently listed on Fantom’s official website, Michael Kong , based in Sydney, Australia, is currently the CEO and CIO, and Andre Cronje joined Fantom as a technical consultant in September 2018 and is currently a DeFi architect. Ranked second in the team list, we can see its key position in the Fantom project. At the beginning of this year, it was still at the bottom of the list. In addition, the current CTO Quan Nguyen joined Quan Nguyen in August 2018 and served as a software developer, chief architect and chief technology officer. Prior to this, he also worked as a software engineer at IBM and Nasdaq.
Fantom current official website team information
It is worth noting that after comparing the current official website team information with the v1.6 white paper released in August 2018 and the information previously announced by Fantom, it is found that the Fantom team, board members, and consultants have undergone substantial adjustments or reorganizations. The founder, Byung Ik Ahn, who was concurrently the CEO in the year the project was founded, is currently not included in the team list on the current official website. Byung Ik Ahn holds a PhD in computer science from Yonsei University. He is the CEO and founder of Siksin, a food technology O2O company. He is also the chairman of the Korea Food Technology Association. Therefore, according to a previous interview, the project was founded with hope Fantom can be used in the field of food technology and built into a fast and scalable DAG (directed acyclic graph)-based smart contract for real-time cryptocurrency payments. However, starting in 2019, Byung Ik Ahn has rarely I have talked about Fantom on social networks and have not accepted relevant interviews.
Fatom team information in the 2018 white paper
Secondly, Michael Kong, who started as CIO in March 2018, will concurrently serve as the CEO of Fantom from September 2020. In addition, among the more than forty members listed in the v1.6 white paper, most of the team members (mostly Korean), platform developers, and consultants have left Fantom between the second half of 2018 and 2019.
In 2018, a total of more than 40 million U.S. dollars was raised
Regarding financing, Fantom completed the token sale of 40% of the scheduled total token supply in the first half of 2018, and raised a total of 40 million US dollars through the seed round and two rounds of private placement. Investors include Hyperchain Capital, Signum Capital, 8Decimal, Arrington XRP Capital, Bibox Fund, Link VC, Nirvana Capital, JRR Crypto, Block VC, Chinese private equity fund JD Capital, Kosmos Capital, Lemniscap, and Transference Blockchain Fund, etc. . After completing the private placement, Fantom raised another US$2.65 million through a public sale.
In addition, Alameda Research, BlockTower Capital and invested $ 2.5 million in 2018 to Fantom Hyperchain Capital in the first half of this year have been purchased by $ 35 million, $ 20 million, $ 15 million FTM, and a pledge .
Fantom platform features and progress
Fantom is a blockchain network that provides ledger services for enterprises and applications. It is driven by its advanced aBFT (Asynchronous Byzantine Fault Tolerance) consensus mechanism Lachesis based on an improved version of DAG (Directed Acyclic Graph). It was originally used to solve the problem. The Blockchain Triangle Dilemma.
Lachesis having asynchronous features include, without leader (Leaderless), Byzantine fault tolerance (Byzantine Fault Tolerant) and final certainty (finality), simply, a transaction can be completed in 1 to 2 seconds. In addition, once the transaction After being included in a block, neither party can go higher or cancel the transaction (final certainty). Lachesis is also available for developers to use EVM or Cosmos SDK to create any type of private and public distributed ledgers.
On December 27, 2019, Fantom achieved the first key milestone, launched the Opera mainnet compatible with EVM, and provided complete smart contract support through Solidity and EVM. In other words, Fantom can allow any Ethereum-based DApp seamlessly migrated to Fantom. In April of this year, Fantom launched the Go-Opera upgrade . In terms of performance, the average TTF (to the final state) was about 1 second, and the P2P synchronization speed was also increased by 3 times.
On the other hand, the Opera mainnet uses a similar proof-of-stake (PoS) mechanism to ensure that the network is protected from potential Sybil attacks. Verifiers can earn epoch rewards and transaction fees, and FTM holders can also delegate their tokens to verification To earn pledge rewards. Previously, the minimum requirement for validators was 3.175 million FTMs. In the middle of this year, after voting on the governance proposal on the chain, the minimum number of validators pledged was reduced to 1 million FTMs.
In terms of project management and governance, the Fantom Foundation is currently responsible for the governance of the network, and the community and validator nodes provide suggestions. However, Fantom plans to launch a governance smart contract that allows validators and token holders to determine the direction of Fantom’s development and approve changes to the underlying consensus through hard or soft forks.
FTM token distribution model and function
Fantom’s token distribution model was partially modified after the white paper was released in 2018. In the v1.6 white paper released in 2018, the total number of FTMs is 3.175 billion , and the inflation model is used to expand the ecosystem, of which 20% of the total inflation is used to reward nodes, and the rest is used to provide incentives for Fantom platform users.
FTM distribution model in the 2018 v1.6 white paper
After the amendment, the maximum supply of FTM is 3.175 billion pieces. There are currently 2.541 billion FTM tokens in circulation, and the rest will continue to be reserved for pre-stake rewards. In addition, the content released by Andre Cronje in the Telegram group in 2019 shows that in addition to the token sales (40%), the team and founders (15%), and the advisors (15%), the other 30% will be used as a district. Block rewards. Among them, the unit price of the seed round (1.6 million US dollars) and the two rounds of private placement in 2018 were 0.016 US dollars, 0.031 US dollars, and 0.035 US dollars, respectively, and the public sale (2.6 million US dollars) unit price was 0.04 US dollars.
Currently, all tokens are released except for the pledged rewards reserved. According to the chart produced by Messari, it is expected that all pledge rewards reserved starting in October 2023 will be distributed.
Release chart, source Mesari
Through the features of the Fantom platform, we can also see that FTM has the functions of pledge, governance, and payment of network fees on the Fantom network.
Fantom ecology gradually expands from cross-chain bridge, DEX, NFT, etc.
Overall, Fantom starting from the official DeFi suite, and through donations and ecological projects and other activities encourage the growing ecological, ecology picture (Super 70) around the chain across the bridge (5), decentralized exchange or AMM (15 The fields of income optimizer (8), NFT (9), lending (4), IDO platform (4), etc. are gradually expanding. However, Fantom ecology is mostly in the early stage of development, but there are also a small number of projects that have achieved a certain degree of breakthrough in the near future.
As of September 13, the total lock-up volume of DeFi projects on Fantom reached US$1.3 billion , more than three times the US$300 million in early August. Among them, the lock-up volume of SpookySwap, Curve, Beefy Finance, Scream, and SpiritSwap were all More than 100 million U.S. dollars.
Fantom total lock-up value
Fantom official on DeFi development is concerned, last year on the last line of full-featured suite Fantom Finance DeFi covering lending, borrowing and synthetic assets, is based on asynchronous Byzantine fault tolerance (aBFT) consensus on the launch of the platform, there are fMint, fSwap and three fLend In the fMint section, users can directly lock the FTM packaged token wFTM on the official wallet fWallet to mint synthetic assets fUSD, fBAND, fBNB, fBTC, fETH and some synthetic assets of legal currency. The minting fee is 0.5%. At present, the synthetic asset exchange sector fSwap and the lending sector fLend have yet to be improved.
Finance Finance working mechanism
And on eco-incentives, Fantom in June this year, a dozen items were donated, including multi-functional pools of liquidity analysis tool APY.vision, DEX and AMM protocol data analysis tools Cryptokek, cross chain DeFi application Millennial Finance, multi-in-one DeFi platform ZooCoin, revenue optimizer Mushroom, AMM protocol SpookySwap and SpiritSwap, etc. Just last month, Fantom launched another 350 million FTM incentive plan , which will issue FTM token rewards for Fantom’s TVL over US$5 million projects, ranging from 1 million to 5 million. At present, those who meet this condition There are at least 10 items.
Next, we will sort out the Fantom ecological projects one by one.
AnySwap (hot item)
Anyswap based Fusion DCRM (distributed control management) technology, is a secure multi-party computation network (SMPC Network) protocol, allowing users to complete the asset by the service assets through cross-link between multiple public ecological chain cross chain and cross-link exchange , Currently supports Fusion, Ethereum, Binance Smart Chain, Fantom, Heco, OKExChain, Arbitrum, xDAI and Polygon. Currently, the Binance Smart Chain cross-chain to Fantom network only supports BNB and BUSD, and the transfer between Ethereum and Fantom supports USDC, DAI, fUSDT-USDT, etc.
Anyswap based on Fantom was also officially launched at the end of last year. In addition, the Anyswap NFT cross-chain bridge testnet was also launched this week, and currently only supports Ethereum and FTM on NFT cross-chain.
Multichain.xyz (hot project)
multichain.xyz is a multichain cross-chain platform multichain.xyz jointly developed by the Anyswap team and yearn.finance (YFI) founder Andre Cronje based on Anyswap SMPC Network. It supports Fantom, Ethereum, Binance Smart Chain, Polygon, Avalanche, Huobi The transfer of multiple tokens on blockchains such as EcoChain and OKExChain.
At the end of May this year, the asset cross-chain protocol Ren Protocol integrated Fantom in its RenVM, and currently allows users to cross-chain BTC, BCH, DOGE, ZEC, DGB, FIL and LUNA to Fantom through RenBridge.
cBridge is a cross-chain payment network launched by the second-tier expansion platform Celer Network. Users can use cBridge to perform fully non-custodial between Fantom, Optimism, Avalanche, OKExChain, xDAI, Ethereum, Arbitrum, Binance Smart Chain (BSC) and Polygon , High-speed and low-cost cross-chain and cross-layer transfers.
xPollinate is a cross-chain bridge built by the Web3 builder community 1Hive and lifimesh. The interface allows access to the general cross-chain transaction protocol NXTP of the Layer2 interoperability protocol Connext, and supports the exchange of USDC, USDT and USDC on Fantom, Matic, and Binance Smart Chain. DAI. Currently, xPollinate is still in the Alpha testing stage, the V2 version has encountered some problems and is currently under maintenance.
fWallet is the Opera mainnet native wallet launched by the Fantom Foundation. It can support sending and receiving Fantom ecological assets as well as staking FTM and accessing the Fantom ecosystem. Supports Windows, macOS, Linux, iOS and Android systems.
Fantom Safe is a multi-signature wallet based on Gnosis Safe for co-custodial of encrypted assets or collectibles.
In addition to fWallet, wallets such as MetaMask, Ledger, Math Wallet, Edge, Coin98 Wallet, Coinbase Wallet also support Fantom.
Fantom Explorer is a browser built by the Fantom Foundation.
SpookySwap (Hot project, donated by Fantom Foundation)
SpookySwap (BOO) in April this year, has developed into the largest volume of DEX and Fantom AMM agreement. SpookySwap’s trading volume has set new highs successively since September, and the single-day trading volume on September 8 reached nearly 160 million U.S. dollars. SpookySwap has also integrated the Anyswap bridge on its official website, and will launch the limit order function and the NFT platform in the third and fourth quarters of this year.
Specifically, SpookySwap supports the exchange of assets within the Fantom ecosystem. The platform transaction fee for each transaction is 0.2% (0.22% for limit orders), of which 0.17% will be returned to the liquidity pool as a reward for liquidity providers, 0.03 % Will be rewarded to xBOO pledgers. BOO is the governance token of SpookySwap, with a maximum supply of 13,666,000 pieces, of which LP mining rewards account for 72.7%.
In February of this year, Curve Finance was deployed on the Fantom platform, and the current lock-up volume exceeds US$300 million.
SpiritSwap (hot project, donated by Fantom Foundation)
SpiritSwap (SPIRIT) has also received donations from the Fantom Foundation. Its design is similar to Uniswap’s constant automatic market-making mechanism. It charges a fee for each exchange and allocates it to liquidity providers. The single-day transaction volume in the past week is about 30 million US dollars. . In addition, SpritSwap has also innovatively launched the Zapper function that can convert a single token into LP tokens with one click. It is currently building portfolio pages, lossless lottery tickets and other functions.
SpiritSwap’s protocol token is SPIRIT, with a total of 1 billion. SPIRIT can be earned through mining, and locked in to obtain governance tokens as inSPIRIT, inSPIRIT cannot be transferred, but it can earn conversion fees. SpiritSwap will charge a 0.3% fee for each exchange transaction, of which 5/6 of the fee will be given to the liquidity provider, and the remaining 1/6 will be allocated to the agreement fee vault for repurchase of SPIRIT and distribution to inSPIRIT holders. Each mining deposit will also incur a 1% fee, which will also be used to buy back and destroy tokens.
HyperJump (donated by Fantom Foundation)
HyperJump is a cross-chain DEX on Fantom and Binance Smart Chain. It has two sections: exchange and mining, and combines NFT and game elements. In June of this year, HyperJump also received funding from the Fantom Foundation.
HyperJump token economics is relatively innovative. There are two tokens on Fantom and Binance Smart Chain. Among them, on Fantom, HyperAurora (AURORA) token is designed as a deflationary token with passive income characteristics. All transactions outside (including sales on DEX, transfers, and adding or removing liquidity to AMM) will be “burned” from 0.5% to 15%, depending on the curve based on the FTM price. In the “burn” section, 50% will be directly allocated to token holders’ wallets, 25% will be permanently destroyed, and the other 25% will be allocated to destroy the vault to promote development. HyperOrillium (ORI) tokens are mining reward tokens. 1% of LP deposits will be used to buy back and burn ORI. In addition, the 0.05% exchange fee in HyperJump AMM will also be used to buy back.
SushiSwap deployed the contract to Fantom in March this year. According to DeBank data, SushiSwap currently has a lock-up amount of US$5.3 million on Fantom.
ZooCoin (donated by Fantom Foundation)
ZooCoin is a DeFi ecosystem driven by Fantom, with decentralized exchange ZOODEX, DEX aggregator ZooTrade, special trading and investment solutions ZooCharts that can monitor trading pairs, dashboard ZOOWALLET, NFT market ZOOPET and multiple products.
Liquid Driver (LQDR) is an early liquid mining project in the Fantom ecosystem. It has recently established partnerships with SpookySwap, SpiritSwap, and Waka Swap to provide LQDR and wFTM rewards for the relevant fund pool LP of the tokens of the cooperative project. Liquid Driver’s current lock-up volume is approximately US$16 million. In addition, Liquid Driver also has a lottery product. Users can purchase lottery tickets by choosing to destroy LQDR.
PaintSwap is not only a decentralized exchange and AMM protocol on Fantom Opera, but also a built-in NFT market platform to create, sell and trade NFTs.
StakeSteak was officially launched in May this year. The main product is Fantom’s first interest-bearing stablecoin iFUSD. The longer the FUSD pledged by users, the additional FUSD will be obtained. The other two components that complement iFUSD are the FUSD LP pool and xSTAKE. Among them, users can provide liquidity for FUSD asset pairs supported by StakeSteak on SpiritSwap, and pledge LP tokens on StakeSteak to earn STEAK rewards. xSTAKE is similar to xSUSHI and can be obtained by staking STAKE. FUSD holders and xSTEAK holders can earn income from the mining pool.
In early September, the cross-chain perpetual derivatives agreement AntiMatter announced that it would deploy perpetual options and financial NFT products on Fantom.
Graviton is built by the oracle system Gravity Protocol development team VenLab. It is a universal cross-chain liquidity protocol for packaging assets. It currently aggregates SuSy (which can be cross-chain from Waves to Binance smart chain), Multichain.xyz and Ren cross-chain bridge, Provides an infrastructure for Ethereum account owners to allow them to access other networks through mirrored accounts. Specifically, by building a mirror account on the target chain and creating encapsulated tokens, it provides no access to multiple networks. Sew access.
In August of this year, Graviton and Fantom established a cooperative relationship, and the two parties will jointly promote the liquidity of encapsulated assets originating from the Fantom network.
Elk Finance is a cross-chain liquidity network that allows token exchange between Avalanche, Polygon, Fantom, Huobi Eco-Chain, Binance Smart Chain, and xDai. Elk Finance plays an important role in completing the cross-chain exchange process is ELK tokens. In the cross-chain exchange path, first convert the tokens to be converted into ELK tokens on the first chain, and then intelligently route through the ELK main network Perform cross-chain transfer, and then convert ELK into target tokens on the second chain.
Earlier this year, Injective Protocol entered into a partnership with Fantom to accelerate the adoption of synthetic assets, allowing users to trade Fantom-based synthetic assets on Injective.
Hoop is the forked version of Curve to be launched on Fantom and is a stable currency AMM protocol. Transaction fees will be evenly distributed between HOOP token pledgers and liquidity providers. Currently the official website does not list team information.
In April of this year, Fantom reached a partnership with Orion Protocol, a liquidity aggregation agreement, which will enable users to obtain Orion liquidity directly in the Fantom wallet.
Beefy Finance (Popular Project)
Beefy Finance (BIFI) is a multi-chain revenue optimizer on Binance Smart Chain, Fantom, Avalanche and other blockchains . It will maximize its users’ revenue through various liquidity pools, AMM and other revenue mining opportunities . According to the official website data show that as of the time of writing, Beefy Finance Lock on the amount of money an intelligent chain reached $ 460 million, nearly $ 200 million on the Fantom.
Mushroom Finance (donated by Fantom Foundation)
Mushroom Finance is a revenue optimizer on Ethereum, Binance Smart Chain, Fantom and Polygon, focusing on obtaining better revenue for users through products such as the automatic portfolio rebalancing tool MushMon.
Millennial Finance (donated by Fantom Foundation)
Millennial Finance (MLNL) is a cross-chain DeFi application that currently supports Polygon and Fantom, allowing users to add any tokens they hold to the liquidity pool or machine gun pool in the AMM on the support network. Millennial Finance’s core product, Vault Zap, enables users to add any tokens they hold to any machine gun pool on other networks, and the Zap tool will help users convert in the middle.
Ester Finance (EST) is also an early revenue optimizer on Fantom, with a current lock-up amount of US$158 million.
Reaper Farm is a revenue aggregator on Fantom, with a current lock-up volume of more than $43 million.
Glim Finance is a revenue optimizer built on Fantom Opera and a fork project of Beefy Finance, allowing users to put LP tokens in Grim Vaults to earn revenue. The current locked position of Glim Finance is more than 10 million U.S. dollars.
Popsicle Finance is a multi-chain yield optimization platform for liquidity providers. It currently supports Ethereum, Binance Smart Chain and Fantom. It has Sorbetto Fragola, an LP automation manager designed for Uniswap, which can automatically maximize user benefits. Liquidity aggregator Sorbetto Limone (coming soon), Gelateria (coming soon), a lending protocol that allows users to borrow LP tokens as collateral, and USDT wrapper Frapped.
In March of this year, Popsicle Finance also cooperated with Multichain.xyz to launch fUSDt, which is currently available on Binance Smartchain and Fantom Opera, and will support more blockchains in the future.
It is worth mentioning that in August, Popsicle Finance’s Sorbetto Fragola product was attacked by hackers and lost more than 20 million U.S. dollars.
In February of this year, the Fantom Foundation tweeted that yearn.finance ‘s machine gun pool products will soon support Fantom.
Scream (popular item)
Scream is a lending protocol based on Fantom. It is considered the largest lending platform in the Fantom ecosystem. It supports FUSDT, BTC, WFTM, FUSD, DAI, ETH and USDC. The current total borrowing amount reaches 270 million U.S. dollars and the total supply is 430 million U.S. dollars. . In early September, Scream also integrated the Chainlink price stream .
Tarot is a liquidity token (LP token) lending platform on Fantom that allows users to obtain 5 to 10 times loans based on the value of their LP tokens. Currently, the total amount of borrowing on Tarot has reached nearly 40 million U.S. dollars, and the total locked position is 80 million U.S. dollars.
Cream Finance officially launched on Fantom in the first quarter of this year, allowing users to borrow Fantom-supported assets, including wFTM, CREAM, WETH, wBTC, DAI, USDC, YFI, SUSHI, AAVE, CRV, BAND, KP3R, sUSD, COVER, HEGIC , LINK, SNX, SFI, FRAX. Cream Finance’s total borrowing on Fantom is currently less than US$3 million.
In February this year, DeFi transactions and loan agreements UniLend announced support for FTM and trading and lending Fantom synthetic assets. However, support has not yet been turned on.
Rarity (hot item)
Rarity is an adventure game launched on Fantom Opera by the founder of yearn.finance (YFI) inspired by Loot. There is no limit to the total amount of Rarity. Summoners can earn xp experience points through adventures every day, which can be used to upgrade, obtain special effects and other skills.
The Fantom Foundation stated at the end of August that the Foundation is currently finalizing the NFT market platform Artion , and there is no platform commission.
SuperFarm is a comprehensive NFT market platform, with NFT launchpad (NFT Launchpad), NFT mining (NFT Farming), NFT generation tools, NFT market platform and NFT delivery platform will also be launched. In April this year, SuperFarm stated that it will release an exclusive NFT on Fantom and start NFT mining.
Fantom Punks is a punk project on Fantom, with a total of 10,000 pieces, which are currently sold out.
World of Umans
World of Umans is a random hand-painted NFT project. There are several NFT products. Among them, Bit Umans is a Pixel Umans NFT (Pixel Umans NFT) sold by digital artist Uman on Fantom. The total number is 500, which is currently sold out.
Gantom Stones is a gem generation art platform on Fantom, with a total of 10,000 pieces and about 3,300 pieces have been sold. Currently, it takes 337 FTM to cast one piece.
FantomLoot is a Loot imitation project on Fantom, with a total of 8,000 pieces and a casting price of 49 FTM.
NFTees is an NFT project associated with customized T-shirts on Fantom,
In mid-September, MultiFantom, the operator of FantomStarter, completed a seed financing of US$532,000. The company is valued at US$3.6 million. Investors include Spark Digital Capital, Solidity Ventures, Ankr Network, Signum Capital, ZBS Capital, and some angel investors. FantomStarter has opened a whitelist activity for its IDO.
Tosdis Finance is a one-stop DeFi interoperability solution. At present, its Staking-as-a-Service (Staking-as-a-Service) system allows TosDis to provide staking services for all Ethereum and Binance Smart Chain projects, as well as liquidity. Services such as mining, innovative project incubator, cross-chain bridge, and mobile betting. Tosdis Finance in July this year in online Fantom main line, in addition, will also help carry out the project on the Fantom IDO.
Fantom Oasis is an IDO platform released by several Fantom holders and has now completed public sales.
Tomb Finance is an algorithmic stable currency project linked to the Fantom ecology and FTM. According to Tomb Finance’s Gatekeeper mechanism, a service fee will be charged whenever someone sells TOMB. As a protection mechanism, the service fee will be adjusted with the real-time TOMB price. FTM price calculations range from 1% to 26%.
However, in early September, Tomb Finance triggered a panic selling due to the use of the service fee collection mechanism Gatekeeper.
Clover Finance is a Polkadot ecological smart contract platform that enables EVM-compatible projects to migrate their contracts to Polkadot. In April this year, Clover Finance and Fantom established a partnership to integrate Fantom-based assets into the Clover platform. At present, the Clover browser plug-in wallet has built-in support for the Fantom Opera mainnet, enabling Polkadot ecological users to interact with Fantom-based DApps.
Gravity is a decentralized cross-chain and oracle network based on Waves. It is designed as an open source, applicable to multiple blockchains, and a new communication protocol between blockchains and with the outside world. Waves and Fantom hope to establish an open ecosystem based on the Gravity protocol between different chains. According to the cooperation agreement, Waves, the native token of the Waves ecosystem, will join the Fantom DeFi ecosystem as collateral for casting synthetic assets, including fUSD.
In mid-August, Fantom announced that its Fantom Opera mainnet had integrated Chainlink price feed . This integration was realized by the blockchain development team block42, which was previously funded by the Chainlink Community Funding Program. It initially supported AAVE/USD, BNB/USD, BTC/USD , CREAM/USD, DAI/USD, ETH/USD, FTM/USD, LINK/USD, SNX/USD, SUSHI /USD, USDC/USD and USDT/USD price information.
Fantom has also integrated Band oracle price information. Developers built on Fantom can now use Band’s decentralized oracle infrastructure to integrate price data into their applications. In addition, Band Protocol has deployed a validator node on Fantom Opera.
Modefi (MOD) is a decentralized aggregate oracle solution. It was publicly released in the fourth quarter of 2020. The beta version of the aggregate oracle was released in the first quarter of this year. It automatically deletes damaged and malicious data by using multiple smart contracts and data sources. , Its oracle market platform is a one-stop platform for oracle data buyers or sellers to provide an intuitive request for quotation (RFQ) market for transactions. In addition, Modefi also has a DeFi dashboard. Modefi investors include DEXT FORCE, GD10 Ventures and Moonwhale.
Modefi launched staking on the Fantom Opera mainnet in April this year, and users earn rewards by staking MOD.
In December last year, and it announced Fantom API3 establish a cooperative relationship, and the integration of decentralized API and API gateway Airnode API3 so that developers can build on the network Fantom access to all data API3 provided.
In the first quarter of this year, The Graph supported the use of index and query functions on Fantom. Fantom developers are now eligible for funding from The Graph Foundation.
APY.vision (donated by Fantom Foundation)
APY.vision (VISION) is a multi-functional liquidity pool analysis tool for users to manage DeFi liquidity pools and be able to track gains or impermanent losses in real time, and mine the best liquidity pool. Currently, APY.vision supports Ethereum, Fantom, Polygon, and Binance Smart Chain, and supports viewing real-time and analysis data of DEX and AMM protocols such as Uniswap, Sushiwap, SpiritSwap, and SpookySwap. VISION tokens can unlock the professional functions of APY.vision.
Cryptokek (donated by Fantom Foundation)
Cryptokek (KEK) is a DEX and AMM protocol data analysis tool that supports Ethereum, Fantom (SpookySwap), Binance Smart Chain and Polygon. Holding different amounts of KEK can unlock the corresponding level of services, including DApp collection, trend analysis and other services.
The current DeBank data analysis and ranking functions support the Fantom network.
This month, the encrypted asset custody platform Fireblocks added support for the Fantom mainnet. Through the Fireblocks platform, FTM holders can safely store and transfer their tokens, and can obtain more DeFi opportunities by staking FTM tokens. In addition, Fireblocks also provides fund management services to the Fantom Foundation.
Suterusu can bring ZCash-level privacy to any blockchain platform and application, and integrates the ZK-SNARK solution without trusted initialization. In August last year, Fantom and Suterusu reached a strategic partnership to provide a plug-and-play privacy protection transaction function for the Fantom agreement to introduce privacy transactions into the Fantom ecosystem.
Fusion is a cross-chain, cross-organization, and cross-data source encrypted financial smart contract platform. In 2019, Fantom announced that it would choose Fusion’s interoperability solution to expand the compatibility of Fantom DLT and promote its rapid adoption.
Transak is a fiat-to-cryptocurrency payment gateway developer integration project that aggregates local compliance, payment methods and liquidity from around the world. Currently, it supports the direct purchase of cryptocurrencies such as BTC, ETH, and FTM with multiple legal currencies. .
Bware Labs is a start-up company that develops a decentralized API platform that can adjust incentives between end users and node providers. In September, Bware Labs began to support the Fantom mainnet and testnet, which means that developers on Fantom can easily create blockchain APIs and connect their DApps to the Fantom network.
In addition, Fantom block chain solutions are also aspects of authentication, intellectual property management, drug tracking, energy management systems, digital wallets have been fully used, also including the health sector in Afghanistan, the Afghan National Bureau of Standards, Pakistan Some national government agencies or educational institutions and enterprises have established cooperative relations with the Supervision Bureau of Private Education Institutions, the Ministry of Industry and Information Technology of Tajikistan, and the Ukrainian Digital Transformation Department.
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