Fantom Foundation: fUSD exchange website and contract are now live, and the exchange will last for one week

ChainCatcher message, the Fantom Foundation announced on social media that the fUSD exchange website and contract are now live. Users now have 1 week to exchange USDC.e for fUSD at a 1:1 ratio to unlock their locked FTM positions.

After one week, the official will liquidate all FTM positions with a collateral ratio below 300% and impose a 10% penalty, allowing all locked FTM to be unlocked.