What is Fantom (FTM)?
Fantom is a development platform for decentralized finance developers. Like Ethereum and other layer-one blockchains, the platform supports smart contracts. But there, the similarities end. While Ethereum uses a proof-of-work consensus model, Fantom prides itself in using a unique proof-of-stake consensus model called Lachesis to validate transactions.
Unlike the conventional block system public blockchains, Fantom uses a direct acyclic graph (DAG) system, which is a network of computer nodes relaying transaction info to each other. The owners claim the DAG system would help process more transactions faster and shorten finality, which has held to a great extent.
Benefits of FTM
1. Fast transactions: The Fantom network processes up to 4500 transactions concurrently, but that’s not where the gist is at. The team behind Fantom has a finality time (time required till transactions get confirmed) of 1-2 seconds. By comparison, Bitcoin uses up to an hour, Ethereum up to 10 minutes.
2. EVM compatibility- dapps built on the Ethereum network can run smoothly on the FTM, making it
3. Staking: while the Lachesis network requires up to 1Million tokens to validate, the good news is that you can deposit your FTM in a validators pool and lock it up for some time to earn rewards.
Should you buy FTM?
Fantom is positioning itself to become one of the leading platforms for decentralized finance, and it’s not hard to see how its native utility token will fare in bull markets. FTM is available on popular crypto exchanges like Binance, Trust Wallet, and YouHodler.
How to get an instant FTM loan
Don’t sell your FTM. Use it as collateral for an instant crypto loan and get up to 90% of your collateral’s value in a variety of currencies. We have FTM to USD loans, FTM to EUR loans, FTM to GBP loans, FTM to CHF loans, and stablecoin loans as well. Simply deposit FTM today, choose a loan plan – or create a custom one yourself – and you’ll receive up to 30,000 in a currency of your choice in seconds.
How to borrow Fantom - How does it work?
With our Crypto-Backed Loan service, you can borrow BTC, USDT, USD, EUR, GBP, or CHF only. That means if you want to borrow FTM you first must convert one of the above to fiat and convert it to FTM using our exchange service.
Fantom loan calculator
You can use our FTM loan calculator with different loan plans to find the best option for you. You can see all parameters on the form such as loan duration, price down limit, and loan repayment. If you want to loan Fantom, please check the calculator first to see which plan works best for you.
Fantom lending process
Fantom lending is easy with YouHodler. Just open and verify your account, deposit your crypto to the wallet and use it as collateral for your future FTM loans.
It's worth trying! Forget selling your
with instant crypto backed loans on YouHodler
If you would like to learn more about crypto credits, please continue to the app. Start boosting your crypto portfolio now with YouHodler's crypto lending, convert, buy and sell options.