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Fortress Lending


9/28/2022, 5:21:53 AM

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Fortress Lending is on the rise this week.

The price of Fortress Lending has risen by 2.84% in the past 7 days. The price declined by 5.06% in the last 24 hours. In just the past hour, the price shrunk by 0.02%. The current price is $0.010734 per FTS. Fortress Lending is 99.90% below the all time high of $11.03.

The current circulating supply is 0 FTS.


What Is Fortress Lending (FTS)?

As mentioned in the whitepaper, the Fortress protocol was created to allow users to borrow and lend cryptocurrency assets securely and efficiently. Fortress users who decide to contribute liquidity get compounded yield to contribute their assets to the protocol. Users are offered the option of minting stablecoins or borrowing other assets against their supplied assets when they contribute assets. 

Users can borrow assets or create stablecoins by over-collateralizing and paying yield on the amount borrowed per block once assets are delivered to Fortress. Monthly payments or late fees are not required with Fortress protocol loans, and they can be paid off at any time. Apart from this, Fortress utilizes smart contracts, which seek to enable an automated and completely transparent system for investment and profit sharing.

Fortress seeks to bring together traders, borrowers, exchanges, and others in an open and transparent platform that aims to empower users, unlock value, correct market inefficiencies, and provide possibilities for traders and users. Besides, users' assets are traditionally matched with others before a transaction occurs on a peer-to-peer network or an exchange, resulting in extra expenses and time lost. By seeking to aggregate users' assets and make them fungible (identical or uniform and can be interchanged), Fortress has improved on the market inefficiencies. This technique, by pooling assets, can provide more liquidity and the option for users to withdraw their assets at any moment.

Furthermore, the platform’s token, FTS, governs the Fortress protocol. With its governance mechanism, which seeks to allow FTS token holders to vote and decide on platform modifications, Fortress was built to respond to market situations. FTS token holders can create proposals and use their FTS tokens as voting power when they vote.

History of Fortress Lending (FTS)

Jetfuel Finance invented the Fortress protocol. They are a skilled group of ten entrepreneurs, solidity developers, full-stack developers, designers, project managers, and marketers. They have over 30 years of combined blockchain and DeFi experience.

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What is the current price of Fortress Lending?

The price of 1 Fortress Lending currently costs $0.0107.

What is the market cap of Fortress Lending?

The current market cap of Fortress Lending is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Fortress Lending?

The all-time high of Fortress Lending is $11.03. This all-time high is highest price paid for Fortress Lending since it was launched.

What is the 24 hour trading volume of Fortress Lending?

Over the last 24 hours, the trading volume of Fortress Lending is $116.50.

What other assets are similar to Fortress Lending?

Assets that have a similar market cap to Fortress Lending include Tesla tokenized stock Bittrex, Glitter Finance, Columbus, and many others. To see a full list, see our comparable market cap assets.

How many Fortress Lending are there?

The current circulating supply of Fortress Lending is 0.

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