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1/ An L1 with a current market cap of only $150m? Transaction fees costing less than $0.01?? @HsakaTrades (allegedly) market buying $2m worth of $FUSE?!
Today we explore @Fuse_network and how it is positioning itself as an alternative to existing digital payment networks.
Today we explore @Fuse_network and how it is positioning itself as an alternative to existing digital payment networks.
2/ TLDR
Fuse is a decentralized blockchain with an overarching aim of enabling mass adoption of crypto payments and DeFi.
It focuses on creating a mobile-centric platform to facilitate token-powered ecosystems and token payments.
Fuse is a decentralized blockchain with an overarching aim of enabling mass adoption of crypto payments and DeFi.
It focuses on creating a mobile-centric platform to facilitate token-powered ecosystems and token payments.
3/ Fuse Network Blockchain
An EVM compatible chain which uses a PoS to achieve consensus that is secured by independent validators.
*Note: a con to this lies in the fact that there is a max number of 100 validators allowed on the network which can be deemed to be centralised.
An EVM compatible chain which uses a PoS to achieve consensus that is secured by independent validators.
*Note: a con to this lies in the fact that there is a max number of 100 validators allowed on the network which can be deemed to be centralised.
4/ Differentiating Factors
Fuse Network sets itself apart from other blockchains in the form of an open-source mobile-centric plug-and-play infrastructure to facilitate payments and DeFi.
The infrastructure consists of two components:
a) Fuse Studio
b) Fuse Wallet
Fuse Network sets itself apart from other blockchains in the form of an open-source mobile-centric plug-and-play infrastructure to facilitate payments and DeFi.
The infrastructure consists of two components:
a) Fuse Studio
b) Fuse Wallet
5/
a) Fuse Studio
A no-code and self-service smart contract platform catered to projects to create customised token-powered communities on Fuse.
This allows customisable micro-economies to be created on-chain which can be used to reach out to the mass.
Example shown below:
a) Fuse Studio
A no-code and self-service smart contract platform catered to projects to create customised token-powered communities on Fuse.
This allows customisable micro-economies to be created on-chain which can be used to reach out to the mass.
Example shown below:
6/
b) Fuse Wallet
A non-custodial wallet on iOS and Android that allows users to participate in the following:
• Store digital assets
• Payments or send money to other users
• Browse and join communities they like to receive bonus points.
b) Fuse Wallet
A non-custodial wallet on iOS and Android that allows users to participate in the following:
• Store digital assets
• Payments or send money to other users
• Browse and join communities they like to receive bonus points.
7/ Scaling Solution
In the future, Fuse will be implementing ZK rollups to scale their network which will be known as the Flutter Later 2 Payments (FL2P).
This will help Fuse manage its throughput once it becomes saturated by the incoming volume of transactions.
In the future, Fuse will be implementing ZK rollups to scale their network which will be known as the Flutter Later 2 Payments (FL2P).
This will help Fuse manage its throughput once it becomes saturated by the incoming volume of transactions.
8/ $FUSE token
$FUSE is issued with every added block (inflationary) and is used to pay for transactions.
Other uses cases includes:
• Stake to be a validator
• Vote on Fuse Improvement Protocols
Token Distribution
• Total supply: 134m
• Current Circulating supply: 328m
$FUSE is issued with every added block (inflationary) and is used to pay for transactions.
Other uses cases includes:
• Stake to be a validator
• Vote on Fuse Improvement Protocols
Token Distribution
• Total supply: 134m
• Current Circulating supply: 328m
9/ Obtaining $FUSE
a) Centralized Options (currently no withdrawals to Fuse chain)
• @gate_io
• @BitMartExchange
b) Decentralized Options
• @Uniswap
• @PancakeSwap
• @KyberSwap
a) Centralized Options (currently no withdrawals to Fuse chain)
• @gate_io
• @BitMartExchange
b) Decentralized Options
• @Uniswap
• @PancakeSwap
• @KyberSwap
10/ Setting up Metamask
a) Manual input
Network Name: Fuse Network
RPC URL: https://rpc.fuse.io/
Chain ID: 122
Currency Symbol: FUSE
Block Explorer: https://explorer.fuse.io/
or
b) Visit http://chainlist.org to add the Fuse Network directly to Metamask.
a) Manual input
Network Name: Fuse Network
RPC URL: https://rpc.fuse.io/
Chain ID: 122
Currency Symbol: FUSE
Block Explorer: https://explorer.fuse.io/
or
b) Visit http://chainlist.org to add the Fuse Network directly to Metamask.
11/ Bridging
Use https://app.fuse.fi/#/bridge to bridge from Ethereum or BSC. Their bridge is very smooth and each bridge transaction earns you 0.1 $FUSE for gas.
*Note: the current iteration of the bridge is custodial and solely in the hands of the bridge operator (centralised).
Use https://app.fuse.fi/#/bridge to bridge from Ethereum or BSC. Their bridge is very smooth and each bridge transaction earns you 0.1 $FUSE for gas.
*Note: the current iteration of the bridge is custodial and solely in the hands of the bridge operator (centralised).
12/ Tools
a) Chain explorer: https://explorer.fuse.io/
b) Guides: https://docs.fuse.io/
c) Charts: https://dexscreener.com/fuse
d) TVL: https://defillama.com/chain/Fuse
e) Fuse Staking: https://staking.fuse.io/
f) Discord: https://discordapp.com/invite/jpPMeSZ
a) Chain explorer: https://explorer.fuse.io/
b) Guides: https://docs.fuse.io/
c) Charts: https://dexscreener.com/fuse
d) TVL: https://defillama.com/chain/Fuse
e) Fuse Staking: https://staking.fuse.io/
f) Discord: https://discordapp.com/invite/jpPMeSZ
13/ DApps
a) DEXs/ Farms
• @Fuse_Fi (official DEX of Fuse, use for $VOLT airdrop potential
)
• @elk_finance
• @SushiSwap
b) Lending and borrowing
• @ola_finance (money market)
c) Others
• Keep a lookout for upcoming projects https://fuse.io/ecosystem
a) DEXs/ Farms
• @Fuse_Fi (official DEX of Fuse, use for $VOLT airdrop potential
)• @elk_finance
• @SushiSwap
b) Lending and borrowing
• @ola_finance (money market)
c) Others
• Keep a lookout for upcoming projects https://fuse.io/ecosystem
14/ Potential
Fuse Network can be compared to the other mobile-centic L1 @CeloOrg which has a current marketcap of $2bn.
NFA DYOR
Fuse Network can be compared to the other mobile-centic L1 @CeloOrg which has a current marketcap of $2bn.
NFA DYOR
15/ People to Follow
Including a list of degens below who were also very early to this ecosystem:
@PaikCapital
@0xGokek
@tylerlinklevoss
@lemondontfloss
@0xDaes
Including a list of degens below who were also very early to this ecosystem:
@PaikCapital
@0xGokek
@tylerlinklevoss
@lemondontfloss
@0xDaes
16/ Personal thoughts
a) Pros
• Low transaction fees
• Innovative with the introduction of the mobile-centric B2B infrastructure
• Future ZK scaling solution implementation
b) Cons
• Very few DApps
• Relatively centralised chain (100 validators)
• Custodial bridge
a) Pros
• Low transaction fees
• Innovative with the introduction of the mobile-centric B2B infrastructure
• Future ZK scaling solution implementation
b) Cons
• Very few DApps
• Relatively centralised chain (100 validators)
• Custodial bridge
17/ Thread Squad
@Darrenlautf @analyticalali @M6intern @wassiecapital @The_ReadingApe @0x4C756B65 @0xminion @0x_intern @delphiintern @sandraaleow @Kyros_Intern @Trudahamzik @playtern @LongHashIntern @M6intern @j0hnwang
@Darrenlautf @analyticalali @M6intern @wassiecapital @The_ReadingApe @0x4C756B65 @0xminion @0x_intern @delphiintern @sandraaleow @Kyros_Intern @Trudahamzik @playtern @LongHashIntern @M6intern @j0hnwang
