Fantom Announcements

Announcing the latest #Fantom Gas Monetization quarterly bonus 💸

🏆 We're distributing 85,000+ $FTM to the top 12 dApps on Fantom that have generated the most gas.

Congratulations to these innovative dApps for driving the most user engagement!

https://earngas.fantom.network/

Innovating on Fantom earns you 15% of your dApp’s gas fees, plus a potential quarterly bonus!

✍️ Apply for Gas Monetization, open to all builders: https://forms.gle/GDcVuJStZu6BQ6YSA

❓ Questions Message our BD Lead Sam on Telegram (@samharc).

Let's build Web3's future together.

With nearly $3 million bridged, our canonical stablecoin $USDC.e is running smoothly 💵

Our complete guide will help you maximize its benefits:

🌐 Bridge to USDC.e on #Fantom
🌊 Provide liquidity on top DEXs

https://blog.fantom.foundation/the-complete-guide-to-usdc-e-on-fantom/

The first #Fantom validator using Sonic tech is live ✅

Marking a major milestone, this deployment paves the way for unleashing Sonic's impressive speeds on the Opera mainnet, achieving ~2,000 TPS at sub-second finality.

Check out the validator page here: https://fantom.foundation/validatorStats?address=0x5486e6671e36664006627100a0eef64537159bcd

We are thrilled to introduce another angel investor joining our round! 🤝

Stani Kulechov is the founder of Aave and Avara.

Aave is an open source and non-custodial protocol that allows users to earn interest on deposits and borrow assets. The platform boasts over $11B in TVL 🔥

$USDC.e is live on #Fantom 🚀

Bridge your tokens: Use the @Wormhole Portal Bridge below and select Ethereum/USDC and Fantom/USDC.e in the two boxes.

✅ Quick checklist:

Verify all the details thoroughly in your wallet before confirming.

It's only possible to bridge USDC from Ethereum to get USDC.e on Fantom!

📌 USDC.e contract address:

0x2F733095B80A04b38b0D10cC884524a3d09b836a

Plus, look out for our upcoming guide on making the most of USDC.e 🔍

https://portalbridge.com/

Say hello to $USDC.e, our canonical stablecoin (stay tuned for bridging instructions) 🎉

USDC.e is a bridged stablecoin on Wormhole and can be upgraded to native $USDC by Circle.

Learn what's required for this upgrade to happen on #Fantom 👇

https://blog.fantom.foundation/usdc-e-on-fantom-the-pathway-from-bridged-to-native-stablecoin/

We are thrilled to introduce another angel investor joining our round! 🤝

Michael Egorov is the founder of Curve.

Curve Finance is a decentralized exchange and automated market maker designed for the efficient trading of stablecoins and other assets.

Curve has committed to launch on Sonic 👏

We are excited to announce that Fantom's canonical stablecoin, $USDC.e, will launch tomorrow (April 5), supported by Circle and Wormhole 🎉

USDC.e on Wormhole is bridged from native $USDC, located in a smart contract on Ethereum, and holds the potential to be upgraded to native USDC in the future. It will be the official, endorsed stablecoin of the #Fantom ecosystem (and all future network upgrades).

This initiative reduces liquidity fragmentation, introduces stability, and provides additional on-ramps onto the ecosystem. By leveraging the Wormhole Native Token Transfers (NTT) standard, USDC.e will be available to all users and developers on Fantom:

💻 Developers: Build on bridged USDC with a contract address that will persist even if there is an upgrade to native USDC. No code change needed to support the new asset. Find the tools here: @wormhole-foundation/wormhole-connect' rel='nofollow'>https://www.npmjs.com/package/@wormhole-foundation/wormhole-connect. 

👥 Users: Store, pay, trade, borrow, and lend with bridged USDC that would automatically become native USDC should there be an upgrade. No need to swap to the new asset.

🌍 Ecosystem: Avoid the time-consuming liquidity migration process of educating and incentivizing users to move from bridged USDC to native USDC should there be an upgrade.

We'll be providing liquidity for the canonical stablecoin on Wormhole, making it easy and accessible for users to bridge assets to Fantom and unifying on-chain liquidity.

Should a mutual decision be made between Circle and Fantom to upgrade to native USDC, all USDC.e tokens seamlessly transition to native USDC without the need for developers to update any contract addresses or swap to the new asset.

🔄 RT + share: https://x.com/FantomFDN/status/1775887091995447700

We are excited to introduce another angel investor joining our round! 🤝

Fernando Martinelli is the CEO of Balancer Labs ⚖️

Balancer is a yield-hub for DeFi liquidity with $1.25b in assets. As a decentralized AMM protocol, Balancer represents a flexible building block for programmable liquidity.

Stay tuned for more 🔔

We are excited to introduce another angel investor joining our round! 🤝

Tarun Chitra is the founder of Gauntlet

Gauntlet is a financial modeling platform for blockchain and DeFi protocols, aimed at helping these projects optimize their systems plus manage risk through economic simulations.

Stay tuned for more 🔔

A big welcome to the second angel investor joining our round! 🤝

Robert Leshner is the founder of Superstate and Compound 📊

Compound currently boasts $2.8b in assets. This sophisticated protocol establishes money markets where pools of assets contain algorithmically derived interest rates based on supply & demand.

Stay tuned for more 🔔

We are thrilled to announce the first of many angel investors that have joined our round!

Sam Kazemian is the founder of Frax Finance ✦, one of the largest DeFi protocols with over $1.6bn in assets such as sfrxETH and the FRAX stablecoin.

🌐 Frax is committed to deploying with natively issued assets on the Sonic tech stack Day 1 of launch!

Stay tuned for more 🔔

"Exemplary 99.9% uptime. Fantom's novel solutions position it as a frontrunner in the development of decentralized networks."

Reflexivity Research's Q1 '24 report on #Fantom covered:

🌐 Blockchain consensus
💻 Fantom technology
✅ Fantom uptime

Let's explore the report 👇
https://twitter.com/FantomFDN/status/1770851499314188683

Fantom has an exemplary record of 99.9% uptime ✨

Our technology represents a significant leap forward in the quest for a more efficient, secure, and scalable blockchain network.

Reflexivity Research explored this in its latest report on #Fantom 📝

https://www.reflexivityresearch.com/all-reports/fantom-q1-2024-overview