Partnership with Fantom Money Markets Brings $fBUX to Lynx
Lynx is happy to announce its collaboration with Fantom Money Markets on Fantom, and the listing of their $fBUX token as a collateral asset on Lynx.
- New Token Listing: $fBUX
- Partner Protocol: Fantom Money Markets
- Supported Chain: Fantom Opera
$fBUX is the native token for Fantom Money Markets. As the governance & emission token, it’s used to incentivize Lender use and Dex Bribes, as well as future voting power for 30% of emissions and governance proposals.
$fBUX can also be staked on fMoney’s MultiReward Staker, which leverages Beethoven X’s 80fBux-20USDC.e pool to earn a share of the revenues generated from the protocol as well as POL rewards from Equalizer + Beets.
Details of the Integration
Listing $fBUX as a collateral asset on Lynx brings new utility to the token. Users who hold $fBUX can now trade perps using their $fBUX as collateral, offering them exposure to various alternative assets without needing to sell any of their token holdings.
Holders of $fBUX can now open long/short positions with up to 100x leverage on BTC/USD, ETH/USD, and other tradeable instruments on Fantom Opera, or provide liquidity to the $fBUX liquidity pool to absorb the fees and performance of traders. Stay tuned as new tradeable instruments are always being added!
List Your Token Today
Do you have a token that you want to see on Lynx? Join the Lynx ecosystem and get your token listed as a collateral asset — it’s quick, free, and requires no work. Reach out to learn more about the listing process today!
About Fantom Money Markets
Fantom Money Market provides peer-to-peer lending solutions that are fully decentralized, transparent and non-custodial on Fantom Opera chain.
Being native to Fantom, fMoney Markets aims to deepen the protocol liquidity on Equalizer and BeethovenX by bribing with $fBUX, allowing their stakers to get access to blue-chip assets of the Fantom ecosystem.
- Twitter: https://twitter.com/fMoneyMarkets
- Docs: https://docs.fmoney.market/
- Discord: https://discord.gg/gtKpdy2fxj
- Website: https://www.fmoney.market/lending
About Lynx
Lynx is an advanced decentralized perpetuals exchange offering high-leverage trading on crypto, forex, and commodities using any ERC-20 token as collateral. Through Lynx, token holders can utilize their favorite tokens — from governance tokens and LSTs to yield-bearing assets and stablecoins — to gain exposure to other assets without ever selling their holdings.
Lynx introduces gasless trading to a growing number of chains. Using omnichain liquidity pools, Lynx can easily extend support to additional chains while offering immediate access to deep trading liquidity. By applying its liquidity to all chains, Lynx maximizes trading volumes and fees per dollar of liquidity deposited.
- Official Website: https://www.lynx.finance/
- Twitter: https://twitter.com/Lynx_Protocol
- Discord: https://discord.gg/DTcw3rT28J
- Medium: https://medium.com/lynx-finance
