Fountain Protocol, the primary cross-chain lending platform, has launched its Q2 Roadmap!
It has been a tremendous journey up to now for the Fountain Protocol group! They’ve rolled out Mainnet on Oasis Community, and the sensible contract audit efficiently accomplished by PeckShield and Verilog alongside with $FTP listed on Yuzuswap. Listed below are what they intend to do for Q2 2022.
A Recap of Fountain since launch
They’ve been busy for the final month and on February 28, they launched on Oasis Community. Right here are some things they’ve already achieved:
- Fountain Good Contract Audit Efficiently Accomplished by PeckShield and Verilog
- Fountain Launches on Oasis Mainnet with Liquidity Mining Program
- $FTP Listed on YuzuSwap
- $FTP Twin Farming with $YUZU
- Fountain Companions with GemKeeper Listed $FTP on GemKeeper DEX
Fountain Protocol focus in Q2
- Assist Extra Tokens as Collateral
Fountain has accepted LP tokens as collateral that enable customers to produce their LP tokens on Fountain to borrow and understand extra yield. This may make the Fountain rather more versatile and considerably enhance capital effectivity.
Furthermore, Fountain will launch the USD market, which permits customers to completely provide or borrow stablecoins. Essentially the most engaging function of this pool is that the Mortgage-to-Worth ratio reaches 95% with no liquidation danger when utilizing stablecoins within the USD market as collateral. So you should use repeated stablecoins borrowing to maximise revenue within the USD lending pool.
- Launch Lottery Operate.
Along with altering conventional monetary providers, Fountain is placing a recent spin on the normal lottery. Fountain will launch the lottery operate, a singular recreation the place customers can win FTP tokens by shopping for tickets with their FTP tokens.
$FTP token holders have the choice to take part within the prize pool. The extra individuals take part within the lottery prize pool, the upper the rewards and extra yields for all token holders. On this case, your rewards will probably be coming from a number of sources, the chance and possibilities of successful the lottery prize cash along with DeFi yields.
The TVL of Oasis Community is rising quick. The necessity for a DEX aggregator on Oasis Community will develop exponentially alongside the Oasis DEX buying and selling quantity. Subsequently, a DEX aggregator will carry nice profit to the prospering Oasis ecosystem.
Fountain goals at serving because the go-to buying and selling portal for buying and selling on Oasis by making certain a seamless, environment friendly, and safe buying and selling expertise. They’ll make the most of clever algorithms to pinpoint essentially the most cost-effective deal based mostly on the aggregation, enabling customers to commerce on completely different DEXes on Oasis, providing a full package deal of knowledge on costs, slippage, and prices.
- IFOs on Fountain Protocol
“IFO” (Preliminary Farm Providing) is a brand new mannequin of token sale pioneered by Fountain to help the event of recent initiatives on the Oasis ecosystem, which permits progressive initiatives to lift funds on their platform.
The product additionally gives its customers with monetary alternatives to contact high-quality initiatives. Customers want to carry a required quantity of $FTP tokens and acquire a whitelist, then commit ROSE/USDT tokens to purchase the IFO tokens.
About Fountain Protocol
Fountain Protocol is the primary cross-chain lending platform powered by Oasis. The protocol permits customers to expertise excessive capital effectivity and one-stop administration of DeFi property. Profiting from the extraordinarily environment friendly and low-cost Oasis Community, Fountain Protocol establishes a multi-revenue protocol with a fund pool because the core and a number of software situations.