Fantom foundation expressed that the Network activity on Fantom is increasing! Yesterday almost 9,000 new unique addresses were created—the biggest increase in a month. Transactions also increased back to 400k/day.
BitKeeper Wallet announced that they had reached a strategic partnership with FantomFDN (Fantom Foundation) to provide a very convenient way for Fantom users. Fantom FTM is a fast & scalable next-gen Layer-1 platform, a high-performance, scalable and secure smart-contract platform.
The DeFi ecosystem of Fantom has been doing well even at a point in time when the market is trending through a bearish season. There has been a continual increase in the Total Assets Value, which has been locked in different DeFi platforms.
Fantom has a reputation for itself, and they make it possible for users to quickly onboard and make use of the platform. Apart from accessibility, the Fantom blockchain provides new users with low transaction fees and instantaneous transactions.
The team strives to provide a high-performance platform that will bring in real-world solutions and provide users with a futuristic experience.
Investors are happy working with projects that can scale efficiently. Scalability is a major issue that every other blockchain has failed to solve. This platform has experienced massive growth and is bringing several thousands of users daily.
Fantom is a comprehensive ready-to-go platform that is a complete blockchain solution. The developers in the ecosystem continue to innovate.
Everyone who is into DeFi should understand Impermanent Loss. This happens when the price of the asset in the pool keeps changing. The percentage loss varies based on the percentage price change. To avoid volatile liquidity pools, crypto-assets like ETH are not pegged to the value of an eternal asset like stablecoins. Therefore, their value fluctuates depending upon the market demand.
There are considerations like LP for same-pegged asset liquidity pools, one-sided staking pools, uneven liquidity pools to be considered. The fundamental problem with AMM is that users who are providing liquidity stand a risk of losing their staked funds for simply holding on to them. This can be caused due to the volatility in the liquidity pair.
For clarity, for those who are new, Liquidity provider tokens or LP tokens are tokens that are issued to liquidity providers on a decentralized exchange (DEX) which runs on an automated market maker (AMM) protocol. Those who are looking to make great profits need to understand the problems associated with supplying liquidity. The difference in value between the assets that are held and the gas fees should be calculated to understand the overall profitability.
Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9
Get the latest Crypto & Blockchain News in your inbox.
Join Now