Fuse Cash V2 is now available for download on Android and iOS. It introduces a streamlined UI with a more interactive activity feed, a yield earning program for fUSD holders and a WalletConnect upgrade.
Since the launch of Fuse Cash in May, we have been slowly rolling out its features, polishing the user experience and improving the functionality for first-time DeFi users. The wallet has been downloaded and used by people all over the world
With the launch of the second version (V2) on both Android and iOS we are accelerating our efforts to turn this app into a home for all DeFi users on Fuse Network. Let us see what you can expect to find there.
A new, streamlined look
To start with, V2 introduces a new user interface which has undergone a redesign to make it simpler, so that even non-crypto users could feel at home with it. The wallet is intended as a tool for any mobile user who wants to make their first steps in the crypto and DeFi space.
The most important UI change we made concerns the activity feed. We put a larger emphasis on the feed by bringing it to the “Home” screen and made it more intuitive and interactive for users. It provides them with information, updates and tasks that they can complete to learn what DeFi is and how it can be discovered easily, cheaply and safely.
In addition to the UI revamp, Fuse Cash V2 introduces a yield-earning program for FuseDollar holders. It also features an improved WalletConnect functionality. Let us discuss these updates in more detail.
Earn 5% APR on your fUSD
While Fuse Cash provides access to the traditional DeFi opportunities that experienced users have learned to love, we felt that we also needed to include something that would be accessible to most of the world population and be understandable and fun to use. Hence, the fixed 5% yield pool to reward Fuse Dollar holders.
FuseDollar (fUSD) is the first Fuse-native stablecoin. It is 100% collateralized by fiat-backed stablecoins like USDC and it can be obtained by users in 170+ countries from their bank accounts straight to their Fuse Cash wallets thanks to our integration with Ramp Network. The deposits are currently free of charge and any Fuse Dollar holder will be eligible to join the earn program and start receiving a 5% yield immediately after obtaining fUSD.
Unlike yield farming and other typical DeFi schemes, the FuseDollar rewards pool is designed to have a very low entry barrier. This means no minimum deposits or fees to enter or exit the program, a weekly distribution of the rewards and gamification to create the best experience for savers without exposure to impermanent loss risk. Under the hood, the yield for the program is generated by investing the fUSD collateral into major DeFi protocols.
In order to be eligible for receiving yield, users will just need to hold fUSD in their wallets. The yield amount will be adjusted automatically every minute depending on the wallet’s fUSD balance. The yield is distributed to users on a weekly basis.
Wallet Connect upgrade
Finally, in this release we have also upgraded the WalletConnect functionality. WalletConnect allows Fuse Cash users to interact with the Fuse-native DEX FuseSwap, the Fuse Rewards platform and the Fuse Staking platform directly, without using a MetaMask wallet.
V2 improves the feed interactions and notifications related to the dApps connected to the wallet so that yield farmers and stakers using Fuse Cash can always understand which dApps they are interacting with at a given moment and in what manner.
We hope that with the arrival of V2, Fuse Cash is now well-positioned to become the portal for everyone who wishes to access the rapidly growing Fuse DeFi ecosystem.
Download for your phone (iOS or Android) from here.
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