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SINGAPORE, 14 March 2022 – Decentralized cross-chain lending platform Fountain Protocol has launched a liquidity mining program on the Oasis mainnet, attracting over US$10 million in TVL (Total Value Locked) within 24 hours.
In the case of TVL, Oasis earns the Launch Fountain Protocol a third-place ranking, stronger than all other protocols on the public chain. It also places them in the top spot for lending and lending protocols.
To support the launch, the Fountain Protocol’s FTP token has been listed on Oasis-based decentralized exchange Yuzuswap. Token price increased by up to 500% at launch.
Liquidity mining programs currently offer high APRs for liquidity suppliers and borrowers, providing a good chance for profits.
“The lending and lending protocols are critical to the development of DeFi, and Oasis is the ideal blockchain for our protocol,” said the COO of Fountain Protocol. “With Oasis, we can offer 99% lower gas fees than Ethereum, with very high efficiency and unlimited privacy protection. Fountain will provide the best lending and lending experience for our users.”
The Fountain has a thriving community that looks forward to seeing it succeed. Ahead of its mainnet launch, over 30,000 wallet addresses joined the Fountain testnet to support the protocol in its beta phase. The protocol also passed audits by PeckShield and Verilog, which confirm for its users that Fountain is a secure platform to conduct transactions.
Following its liquidity mining program, Fountain Protocol has planned an ambitious roadmap. The goal is to keep Fountain Lending Pool as the core business, while expanding to other blockchains and creating multiple revenue streams with different use cases. Future planned services include leveraged trading and cross-chain lending.
About the Fountain Protocol
Fountain Protocol is the first cross-chain lending platform powered by Oasis. The protocol enables users to experience high capital efficiency and one-stop management of DeFi assets. Taking advantage of the extremely efficient and low-cost Oasis network, Fountain Protocol establishes a multi-revenue protocol with the Fountain Lending Pool as the core and multiple use cases.
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