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blog-image
October 10, 2022

Fantom General Update | October 10 2022

Update

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!

👉 Register until October 14th

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

👉 Get started

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

👉 How to build cross-chain dApps?

Network Stats

✅ Next milestone reached: 3.5 million unique addresses

  • The Best DeFi Business Models
  • Crypto Gaming and NFTs: A nuanced perspective
  • Global web3 gamer study

🔦 Ecosystem spotlight: Takepile, a perpetual DEX on Fantom

📹 Fantom CEO Michael Kong was interviewed by Decrypt during Chainlink SmartCon 2022

🎧 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

🎙️ Joint AMA with Fantom Foundation x Resonate x SpiritSwap

🎙 In 30 minutes, join Fantom's @juanaxyz00, @Spirit_Swap and @RevestFinance for an AMA!

⏰ 1pm EDT / 10am PST / 5pm UTC

📍 Twitter Spaces

🔔 Set your reminder: https://t.co/4MabbalW3u https://t.co/dflwvgnJN6

— Fantom Foundation (@FantomFDN) September 26, 2022

📖 What Gitcoin means for Fantom’s incentive program

What does @Gitcoin on #Fantom really mean??

This thread explores Gitcoin, quadratic funding, and what it might entail for the incentive program coming to @FantomFDNhttps://t.co/LYtbkOlrb7 pic.twitter.com/6u2HiYSNeY

— Nick.ftm (@Nick_SR5) October 3, 2022

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The information on this website is for informational purposes only. It contains high-level summaries and is not intended to include all material information regarding the Fantom ecosystem and risk factors associated with holding FTM.