Fluid Protocol launches the Mainnet Beta version, and 45% of the total FPT will be allocated to the community

ForesightNews · 2024-11-22T02:42:29+00:00

Fluid Protocol launches Stable Coin USDF and FPT Token, and launches Beta version. USDF is the native Stable Coin of Fuel Network, generated through borrowing and lending, while FPT is a value-accumulating Token that rewards ecosystem participants. The Beta version supports collateralization of multiple mainstream Digital Money. The total supply of FPT is 100,000,000, with 45% distributed to the community.

ForesightNews

2024-11-22 02:42:29

Abstract generation in progress

Foresight News announced that the developer of Fuel Network’s Stable Coin USDF, Fluid Protocol Mainnet Beta version, has been launched, which will introduce an over-collateralization lending platform and Fuel Network’s native Stable Coin USDF. Currently, ETH, wstETH, EzETH, weETH, RsETH, and mETH are supported for staking. Fluid Protocol adopts a dual Token model. USDF is the native Stable Coin of Fuel Network, generated through lending and destroyed upon repayment or liquidation. FPT is the value accumulation Token of the protocol, not a governance Token, designed to reward participants in the ecosystem, allowing them to earn rewards by staking. The total supply of FPT is 100,000,000, with 45% allocated to the community, early investors holding 20% of the total supply, the team holding 21%, and the treasury holding 14%.

FUEL5,83%

ETH-1,47%

WEETH-1,4%

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