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fts Fortress Loans #3229
0.01 USD 0.60% +0.00
DAY RANGE
0.01 0.01
Circulating supply 6.7M
Total supply 10M
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fts Price

Current Price 0.01 USD
Price Change 24H 0.00 USD
Price Change 24H 0.60%
Price Change 7D 12.97%
Price Change 14D 5.99%
Price Change 30D -0.59%
Price Change 60D -1.38%
Price Change 1Y -97.06%
Market Cap Change 24H 585.4
Market Cap Change 24H 0.81%
All time high (ATH) 14.12 USD
ATH Change -99.92%
ATH Date 2021, May 16

fts Markets

PancakeSwap (v2)
0X4437743AC02957068995C48E08465E0EE1769FBE/WBNB
Last price: 0.01 USD
Last price: 0.00 WBNB
Spread: 0.61%
24H Volume:
25.3 USD

* Anomaly - Trading price is an outlier against the average

** Inactive - No trades in the last 3 hours

Fortress Loans

Fortress is an algorithmic money market, and synthetic stable coin protocol designed to bring secure and trustless credit and lending to users on Binance Smart Chain.

Fortress enables investors to lend and/or borrow cryptocurrencies, by pledging the platform an over-collateralized amount of cryptocurrency. Fortress does this by utilizing money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand of each asset.

Users who choose to supply liquidity to Fortress earn compounded interest as rewards for supplying their assets to the protocol. When supplying assets, users are also given the ability to mint stable-coins, or borrow other assets against their supplied assets. Once a user has supplied assets to Fortress, the user can then borrow assets or mint stable-coins, by over-collateralizing and paying interest on the amount borrowed.

Loans from the Fortress protocol do not have monthly payments, late fees, and can be paid off at any time. Fortress is able to do this without ever requiring a credit check, with near immediate origination, using smart contracts that provide an automated, and absolutely transparent system for investment and profit distribution.

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