Add fUSD as collateral on CREAM on Opera


Summary

Allow fUSD to be supplied as collateral on CREAM Opera

For

Add fUSD

Against

“Do nothing”

Motivation

There is a large amount of fUSD minted from both sFTM and wFTM sitting idle in wallets. Although adding it as supply will not likely result in fUSD being borrowed as there is not much to do within on Opera yet. It will certainly increase TVL.

for a video description of how this minting process takes place… feel free to check my video

https://youtu.be/Q1EQ7vCO0io

Furthermore, even if the supply APY is very very low, which it most likely will be for a long time, people will likely not be discouraged from participating thanks to the low gas cost on Opera now.

4 Likes

Would be very nice if this proposal can passed

1 Like

Sounds good. I’ll support it.

1 Like

This is critical to getting things moving on the Fantom chain. Right now new Fantom Opera users are incentivized to stake their FTM for a liquid staking token sFTM, and then use the sFTM as collateral to mint native synths, fUSD being the core synth.

2 Likes

Yes… next step in the journey