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Fountain Protocol

Supply, borrow, and earn. More than a DeFi lending protocol
Category
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Finance
Blockchain
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Oasis
Currency
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FTP
Publisher
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Fountain Protocol Team
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What is Fountain Protocol?
Fountain Protocol is the first cross-chain lending platform powered by Oasis Network. The protocol enables users to experience high capital efficiency and one-stop management of DeFi assets. Taking advantage of the extremely efficient and low-cost Oasis Network, Fountain Protocol establishes a multi-revenue protocol with a fund pool as the core and multiple application scenarios.

Although the Fountain Protocol will begin by launching the lending pool on Oasis Network, this is only the first step towards the larger objective. Fountain aims to establish a multi-revenue protocol with a fund pool as the core and multiple application scenarios.

Platforms that grant the ability to borrow, lend, and earn yields on crypto holdings are one of the key applications users look for on any emerging blockchain. They have become fundamental building blocks of DeFi, enabling new possibilities for finance and investments in the decentralized world.

Fountain Protocol aims to play a central role in provisioning these core borrowing, lending, and yield generation services in the multi-chain world. It grants the ability to earn high returns on crypto assets and borrow assets to users in a trustless, secure, and economically efficient manner. By supporting interfaces and smart contracts that adhere to various blockchain standards, Fountain can seamlessly integrate with other protocols and platforms. This allows for a true cross-chain DeFi experience, providing opportunities to access lending markets, earn yield, and generate liquidity from crypto holdings across different networks.

Fountain Protocol is building the infrastructure to foster an open and interoperable DeFi ecosystem. By developing the fundamental services, Fountain hopes to advance the frontier of open finance and unlock new possibilities for leverage trading and cross-chain lending. A more robust, broad, and trustless DeFi lending infrastructure is key to the mainstream adoption of cryptocurrencies and blockchain-based financial tools. Fountain aspires to help make this vision a reality through innovative products and strong network effects.

Supplying Assets
Fountain Protocol provides multiple borrowing and lending markets for a variety of cryptocurrency assets. By depositing cryptocurrencies in the platform, users earn a variable interest rate on their deposits determined by the interaction of supply, demand, and smart contract-set interest rate models.
User deposits provide the pools of liquidity made available on the platform to borrowers, while also granting the ability to act as collateral. Users who have provided collateral assets are able to borrow tokens of their choice, but in doing so accrue interest that has to be repaid in order to release their total supplied balances.

Protocol Parameters
Each asset of a protocol is assigned its own parameters based on its individual risk profile and the objectives of those who govern the protocol and seek to ensure its solvency through minimal reliance on liquidations.

Liquidation
Liquidation mechanics for Fountain Protocol
If the collateral value decreases under a specific threshold (Collateral factor), the associated debt can be made available for liquidation by the smart contract. Liquidators then pay back the debt in exchange for receiving an extra 10% of the borrower's collateral(Liquidation incentive). Debt can also be rescued by “topping up” the collateral, such that the loan is sufficiently collateralized and then, the borrower can repay parts of their debt.

Fountain Protocol has the following liquidation parameters:
Close Factor set to 50%, means the liquidator can only pay up to 50% of the debt in a single liquidate transaction.
Liquidation Incentive set to 10%, means the liquidator will receive an extra 10% of the borrower's collateral for liquidate transaction.
Information
Type
Lending
Blockchain
Oasis
Currency
FTP
Platform
Windows, macOS
Publisher
Fountain Protocol Team
Version
Version 1.3.1.1
FAQ
As with all cutting edge financial services, there are elements of risk to interacting with cryptocurrency and platforms such as Fountain Protocol. The most pressing of these are smart contract vulnerabilities that affect the platform and the liquidation risk faced by users. No platform should be considered 100% safe.
That said, Fountain Protocol has and continues to be extensively tested in order to mitigate risk and provide the UI necessary to protect user funds from undue loss. Smart contracts are reviewed thoroughly and risk assessments are conducted prior to additions to the protocols suite of services. What is more, Fountain Protocol will be continuously pursuing security audits for the protocol.
Assets supplied to Fountain Protocol are sent to smart contracts. Only users have access to and full control over their funds. It is essential, however, that users properly secure the private keys of the wallets used to interact with the protocol. Loss of private keys equates with loss of funds as the protocol or the team behind it have no means of retrieving access.
Supplying assets to Fountain Protocol is free. There is, however, a small, asset-specific fee generated from interest spreads. Referred to as the Reserve Factor, these fees are used to support the ecosystem and contribute to its growth. The reserve factor used for each asset is recorded within this document.
Interest paid by borrowers is distributed to all investors of the same asset on a pro rata basis.
$FTP is listed on YuzuSwap. You can trade FTP on YuzuSwap here. For first time users on YuzuSwap, you may refer to the official guides to view how to trade tokens on YuzuSwap.
Here is the address for Fountain Protocol token (FTP): 0xd1dF9CE4b6159441D18BD6887dbd7320a8D52a05. Please be aware that there might be fraudulent FTP tokens.
Fountain is live on Emerald Mainnet. If you want to supply or borrow assets on Fountain, you will have to transfer your assets into the Emerald ParaTime.
To transfer your ROSE/ETH and ERC20 tokens into Emerald, follow here to view how to transfer ROSE/ETH and ERC20 into Emerald ParaTime.
If you have bridged your assets(e.g. wETH) on Oasis Emerald. You can also use that wrapped assets across YuzuSwap - the first DEX build on Emerald, where you can swap. Here are the guides to view how to trade tokens on YuzuSwap.
That’s because the borrowing time is too short and the interest does not start to accrue in the same block, as a result, the interest is too little. To solve this, you can try again later.
Even if there’s a tiny amount left, you don’t need to worry about it. The loan balance shown on the borrowing page will be super small, you still can withdraw all your principal out, just leave $0.01 USD worth of tokens, and it would be fine.
If you encounter failure when withdrawing LP tokens, you need to increase the gas limit to 1,000,000 in your wallet, NOT the gas price.
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