The Fantom project will launch own USDB stablecoin

30.03.2022 16:00
by Artem Ustinov
1 min read

The Fantom project will launch own USDB stablecoin

The Fantom project announced the launch of its own USDB stablecoin with high-yield liquidity pools as collateral. The issuer will be an established organization, Balance.

Tokenomics involves burning the FantOHM (FHM) token to issue USDB and reverse the process to create FHM backed by assets in the Fantom treasury.

The developers announced farming through the Liquid Driver protocol and the provision of liquidity in the Beethoven X project. In the future, it is planned to add staking with a mechanism to minimize intermittent loss.

Fantom developers will launch the TradFi Bonds project, which will generate a yield of 21%-32.5% per annum in USDB using the DAI stablecoin.

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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