Visit the FlatcoinUSD Dapp using the “Borrow Now” button below.
There you can provide collateral to take out an interest-free FUSD loan to get started.
From there, you can stake your FUSD in the Stability Pool to earn rewards.
By staking FUSD in the Stability Pool, you earn liquidation gains (in BNB) and the protocol reward token (FFEE).
FlatcoinFEE (FFEE) is the Revenue token of the FUSD ecosystem. It received revenue from the FlatcoinUSD protocol.
To learn more about the Stability Pool click here.
If a trove falls below the minimum 110% collateralization ratio, anyone can liquidate the trove and will receive a reward and gas fees coverage for doing so.
Generally, liquidations produce profits for the liquidator and Stability Pool stakers.
Learn more about liquidations here.
The redemption system allows anyone at anytime to exchange FUSD for 1:1 backing (BNB) at the target price.
This is crucial for maintaining the price peg.
Learn more about redemptions here.
If the price is too low:
If the price is too high:
Recovery mode is a protective protocol-wide system in case the collateral price falls significantly and the total collateral ratio falls below 150%.
In recovery mode, troves collateralized under 150% can be liquidated and, the fee to borrow FUSD is 0%.
The goal of recovery mode is to bring the total collateral ratio back up above 150% to ensure the protocol remains stable and sufficiently backed.
Learn more about recovery mode here.
The FlatcoinUSD protocol offers a flatcoin lending platform with innovative features such as:
There are four ways to make money with FlatcoinUSD:
Deposit FUSD – into the stability pool and earn liquidation gains (BNB) and FFEE rewards
Follow our Quick Start Guide to get started.
See our full comparison to other stablecoins here.
FFEE is the Revenue Token of the FlatcoinUSD ecosystem.
Learn more about the Revenue Pool here.
Absolutely NOT! Terra/Luna was an algorithmic stablecoin that was under-collateralized and had critical design flaws.
Our long-term vision for the FlatcoinUSD protocol is to provide a number of decentralized “flatcoin” assets pegged to different commodity indexes such as:
All of which would send revenues to the Altrucoin Revenue Pool. Learn more here.