Andre Cronje: $fUSD to Migrate from v1 to v2, v1 to Implement Liquidations

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.