Fantom General Update | October 10 2022
Key insights of the last two weeks from the Fantom ecosystem.
‘Defining DeFi’ hackathon with $150k in prizes
The Moralis x Google Cloud DeFi hackathon registration kicked off on October 3rd. Build the definitive DeFi dApp you’ve been dreaming of on Fantom, with $25,000 up for grabs!
Unstoppable Domains has integrated Fantom
You can now reserve a domain name to use as your own universal web3 address.
💲 Simpler crypto payments
🖱️ Web3 single sign-on
⚡ Lifetime ownership
Governance proposal implemented: Staking rewards
The governance proposal to lower validator and staking rewards has successfully passed on October 5th, with 86% participation rate. FTM holders decided to reduce inflation to 6% per year with 68.6% of all votes. With this new system, token rewards will last ~4.7 years, 2.7 years longer than before.
The proposal was implemented on-chain on October 6th.
Building cross-chain dApps with Etherspot
Etherspot is an SDK bringing a non-custodial, smart wallet framework to Fantom.
Developers gain an advantage with:
- Transaction batching w/o switching RPCs
- P2P payment channels
- Smart contract based accounts
- Multichain liquidity
✅ Next milestone reached: 3.5 million unique addresses
🔦 Ecosystem spotlight: Takepile, a perpetual DEX on Fantom
🎧 Fantom CMO Simone Pomposi joined CoinStats for a primer on DeFi.
Did someone say #DeFi?
Fantom CMO @theotherpomp will join @CoinStats tomorrow to kick off their DeFi Literacy Month!#CoinStats supports wallet tracking of $FTM tokens and assets. Users can track their LPs + holdings inside the #Fantom DeFi ecosystem.https://t.co/bbjjIQySXM https://t.co/6KYd2jHZMf
— Fantom Foundation (@FantomFDN) October 3, 2022
⏰ 1pm EDT / 10am PST / 5pm UTC
📍 Twitter Spaces
— Fantom Foundation (@FantomFDN) September 26, 2022
📖 What Gitcoin means for Fantom’s incentive program
— Nick.ftm (@Nick_SR5) October 3, 2022