Andre Cronje, co-founder of Fantom, released an update regarding the $fUSD stablecoin, announcing that $fUSD will migrate from v1 to v2. Fantom will allow $fUSD v2 as a fee system on-chain, which means Fantom will allocate fees in either $FTM or $fUSD.
$fUSD v1 will implement liquidations. Any positions where $fUSD debt is equal to or greater than the $FTM or $sFTM backing will become liquidated. In addition, Fantom has built a swap tool that will allow users to swap $DAI to $fUSD and then settle their outstanding debt.
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