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Fantom Announces the Launch of fUSD Version 2, V1 Migrates to V2

Published 30/01/2023, 18:42
Fantom Announces the Launch of fUSD Version 2, V1 Migrates to V2

  • Fantom announced the launch of the new version of its stablecoin fUSD.

  • The co-founder Andre Cronje shared a post announcing that the stablecoin would migrate from v1 to v2.

  • The v2 version is intended to provide a more convenient and budget-friendly system.

The highly scalable blockchain platform Fantom shared its decision to introduce its stablecoin fUSD’s version 2, while version 1 migrates to version 2. The new version is launched with the intention to bring forward a more agreeable and economical network.

Notably, the previous week, the co-founder of the company, Andre Cronje shared a post announcing the upgrade of the fUSD stablecoin, stating that the stablecoin would migrate from v1 to v2.

Cronje assured that the new version would permit the “stakeholders to allocate fees in either FTM or fUSD”, enabling a system to predict future costs based on the usage.

The coder added the implementation of liquidations, stating:

Any positions where fUSD debt is equal or greater than the FTM or sFTM backing will become liquidated. Where the backing is in sFTM, the stake will immediately be unstacked and all rewards claimed as well. ...

The post Fantom Announces the Launch of fUSD Version 2, V1 Migrates to V2 appeared first on Coin Edition.

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