1. Last thread for today. It’s about #liquidstaking. @FantomFDN brought an amazing idea, but the market didn’t respond accordingly in my opinion. So let’s show some love! $ftm
2. You want to secure the network? Stake your tokens. But why should i secure it? Because you’ll earn rewards. If there wasn’t an incentive, noone would do it for free.
3. Then #DeFi came. And because stakers locked their tokens, they could not participate in #DeFi.
MAN I AM SECURING YOUR NETWORK AND MISSING THOSE OPPORTUNITIES?
MAN I AM SECURING YOUR NETWORK AND MISSING THOSE OPPORTUNITIES?
4. But how can you lock your tokens not in one place but two? To stake, you need to lock tokens. To participate in #DeFi you have to lock tokens as collateral. Is there really a way to do both?
5. Meet liquid staking my fren. Imho it’s revolutionary, it’s a brilliant idea.
@FantomFDN found a way. A simple but amazing way.
@FantomFDN found a way. A simple but amazing way.
6. WHY SHOULDN’T WE COLLATERALIZE THE STAKED AMOUNT?
There is a token called sFTM. You can mint it with respect to your staked amount.
You staked 50.000 FTMs? You have the option to mint 50.000 sFTMs.
There is a token called sFTM. You can mint it with respect to your staked amount.
You staked 50.000 FTMs? You have the option to mint 50.000 sFTMs.
7. If you do not pay back your sFTMs, you can not withdraw your staked tokens.
One sFTM is a representation of one staked FTM.
One sFTM is a representation of one staked FTM.
8. Now you can use sFTM to participate in #DeFi. You just unlocked the buying power of your funds.
9. Before liquid staking, there was a question of “yielding or staking”. With #fantom, you can do both. And yes you guessed it right. ALL WITHIN THE #FWALLET.
With almost no costs.
Instantly.
With almost no costs.
Instantly.
10. @FantomFDN said $ftm is made for #DeFi.
They lied.
$ftm is the #DeFi.
Let’s ride the #DeFi train together!
They lied.
$ftm is the #DeFi.
Let’s ride the #DeFi train together!
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