Earn rewards by depositing fUSD v3 liquidity on Voltage DEX.
Today, we are thrilled to announce a groundbreaking upgrade to the native stablecoin, fUSD, of Fuse’s leading DEX, Voltage Finance. This upgrade, fUSD v3, marks a significant leap forward in user flexibility and convenience.
In this article, we will delve into the mechanics of fUSD, explore the key changes introduced in fUSD v3, and discuss the exciting growth prospects for fUSD holders.
What You Need to Know
- Voltage Finance announces an upgrade to its native stablecoin, fUSD v3, revolutionizing user experience and capital efficiency on Fuse’s leading DEX.
- fUSD, the native stablecoin on the Fuse Network, is backed by USDT v2 and USDC v2, ensuring a robust and secure stablecoin for the community.
- fUSD v3 breaks previous limitations, allowing users flexibility in minting or redeeming with varying amounts of USDC v2 and USDT v2, providing unprecedented freedom.
- Users can maximize rewards by depositing fUSD v3 liquidity into the specified farm, receiving dual rewards in $WFUSE and $VOLT.
Understanding fUSD Stablecoin
The Mechanics of fUSD
fUSD stands proudly as the native stablecoin on the Fuse Network, backed by USDT v2 and USDC v2. This strategic backing ensures a robust and secure stablecoin for our community. To understand fUSD’s mechanism and how to acquire it, refer to our detailed guide here.
Changes in fUSD v3 Stablecoin
Breaking Barriers in Minting and Redeeming
In our commitment to adaptability, fUSD v3 introduces a groundbreaking change. Previously, users were bound by a strict 50/50 ratio of USDC v2 and USDT v2 when minting or redeeming fUSD. This structure, while effective, posed limitations for our diverse user base.
With fUSD v3, we break these barriers, granting users the flexibility to mint or redeem fUSD with varying amounts of USDC v2 and USDT v2. Users can now perform these actions with USDT v2 or USDC v2, providing unprecedented freedom.
Dynamic Weight System for Pool Stability
We’ve implemented a dynamic weight system to maintain the pool’s stability and balance. This system allows a minimum of 10% and a maximum of 65% allocation for either underlying asset in the pool.
When users interact with the pool, the system automatically checks for equilibrium within these parameters. Transactions threatening to disrupt the pool’s balance are halted, prompting users to adjust their asset ratio for a smooth and secure transaction.
Note: The fUSD contract address and the mint/redeem interface remain unchanged, ensuring a seamless transition for existing holders.
Earning Yield on fUSD v3
Maximizing Rewards in the fUSD v3 Farm
Users now have the opportunity to earn rewards by depositing fUSD v3 liquidity into the specified farm. These rewards, disbursed in WFUSE, become even more enticing during an exclusive two-week period.
Users will receive dual rewards in $WFUSE and $VOLT for this limited time. Take advantage of this chance to maximize your earnings! Explore detailed tutorials on Minting/Redeeming and Providing Liquidity in the fUSD v3 Farm in our dedicated documentation page.
Voltage DEX Yield Farming fUSD Stablecoin Tutorial
Here’s how you can participate:
- 1. Visit the Farming Pool:
- 2. Connect Your Wallet:
- Click the ‘Connect Wallet’ button in the top right corner.
- Choose and connect your wallet (e.g., MetaMask, Trust Wallet) to the Fuse Network.
- 3. Locate the fUSD Farm:
- Scroll to find the fUSD v3 farm.
- 4. Deposit Your fUSD:
- Click ‘Deposit’ in the fUSD v3 farm.
- Enter the amount of fUSD you wish to deposit.
- 5. Confirm the Transaction:
- Check the transaction details.
- Confirm it in your wallet, ensuring you have enough Fuse for fees.
- 6. Monitor Your Rewards:
- Keep track of your rewards in the ‘My Farms’ tab.
- Watch your rewards accumulate, thanks to farm rewards and swap fees.
Note: Remember, engaging in DeFi activities comes with inherent risks. Ensure you’re fully informed and comfortable with these risks before you begin. Happy farming, and enjoy the enhanced rewards!
The Future: Growth Prospects for fUSD Stablecoin Holders
Beyond a Technical Update
The fUSD v3 upgrade is not merely a technical enhancement; it’s a catalyst for growth. With enhanced flexibility and user-centric features, we anticipate a surge in adoption and utility. The ability to engage with fUSD using a single asset or varied ratios caters to a broader range of financial strategies and user preferences.
This update positions fUSD as a more accessible and adaptable stablecoin, likely attracting a wider audience seeking stability in the volatile crypto market. We foresee a significant increase in fUSD holders during 2024, further solidifying its position as a cornerstone of the Voltage Finance ecosystem.
Upcoming Enhancement: VOLT Tokenomics
Stay tuned for exciting updates as we update the distribution of swap fees between fUSD’s underlying assets, USDC v2, and USDT v2. This enhancement will become a pivotal component of the VOLT tokenomics. Keep an eye out for further announcements!
Thank you for being an integral part of the Voltage Finance journey. The fUSD v3 upgrade is a testament to our commitment to providing unparalleled user experiences and capital efficiency.