FTS

Fortress Lending is an innovative protocol that operates as an algorithmic money market and synthetic stablecoin platform, designed to provide secure and trustless credit and lending services to users on Binance Smart Chain . The platform enables investors to lend and borrow cryptocurrencies by over-collateralizing their assets, utilizing money markets which are pools of assets with algorithmically derived interest rates based on supply and demand .

Users who supply liquidity to Fortress are rewarded with compounded interest for their contribution to the protocol's asset pool. They also have the capability to mint stablecoins or borrow other assets against their supplied assets. Once assets are supplied to Fortress, users can then borrow assets or mint stablecoins by over-collateralizing and paying interest on the borrowed amount. Notably, loans from the Fortress protocol do not have monthly payments or late fees and can be paid off at any time, without the need for a credit check, using smart contracts that ensure an automated and transparent system for investment and profit distribution .

In a future update, Fortress intends to allow users to spend FTS tokens to reduce the interest rate when borrowing or to increase the interest rate when supplying. This feature is expected to empower users to fine-tune their investments according to their personal timelines, by choosing how much FTS they want to spend to modify their interest rate .

Fortress Lending (FTS) is a cryptocurrency that was launched in 2021. As of May 2024, the current supply of FTS is 0, with 0 in circulation. The latest known price of FTS is 0 USD, with a 24-hour change of 0. Currently, there are no active markets trading FTS, and the 24-hour trading volume is $0 .