Liquid Staking (Fantom)

Liquid Staking is a feature offered on the Fantom network that enables stakers to mint the sFTM coin at a 1:1 ratio to their staked FTM coins. This minted sFTM coin serves as collateral within the Fantom Finance suite, which includes various decentralized finance (DeFi) applications. Through Liquid Staking, users can maximize the utility of their staked FTM by participating in Fantom Finance, which encompasses fUSD (a Fantom-based stablecoin pegged to the U.S. dollar), fSwap (a decentralized synthetic asset trading platform), and fLend (a liquidity pool for lending and borrowing). The collateralized Liquid Staking services offered by the Fantom network facilitate users’ engagement in Fantom Finance by leveraging these functionalities.