Partnership with Fuse Brings $sFUSE to Lynx
Lynx is happy to continue its collaboration with Fuse Network and announce the listing of their liquid staking token $sFUSE as a collateral asset on Lynx.
- New Token Listing: $sFUSE
- Partner Protocol: Fuse Network
- Supported Chain: Fuse Network
$sFUSE is the liquid staking token of Fuse that introduces an additional layer of composability to the chain’s native $FUSE token, allowing users to commit their tokens to network security while utilizing those same funds for other opportunities. With $sFUSE, users can earn a higher APY than simply staking $FUSE by using their staked tokens for other DeFi purposes and use cases.
Details of the Integration
Listing $sFUSE as a collateral asset on Lynx brings new utility to the token. Users who hold $sFUSE can now trade perps using their $sFUSE as collateral, offering them exposure to various alternative assets without needing to sell any of their token holdings.
Holders of $sFUSE can now open long/short positions with up to 100x leverage on BTC/USD, ETH/USD, and other tradeable instruments on Fuse, or provide liquidity to the $sFUSE liquidity pool to absorb the fees and performance of traders. Stay tuned as new tradeable instruments are always being added!
How to Use $sFUSE as Collateral Step-by-Step:
- Bridge Funds to Fuse: Users new to the Fuse ecosystem need to bridge their funds to Fuse.
- Stake $FUSE on Voltage: Users can stake their $FUSE tokens on Voltage’s staking page to receive $sFUSE.
- Deposit $sFUSE on Lynx: Once they have sFUSE, users can deposit it into their Lynx accounts then begin trading or providing liquidity to the $sFUSE liquidity pool.
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 Fuse Network
Fuse is an EVM-compatible blockchain providing a scalable, fast, and cost-effective infrastructure for Web3 applications. Catering to businesses and consumers, it ensures high transaction volumes, security, and decentralization.
- Twitter: https://twitter.com/Fuse_network
- Docs: https://docs.fuse.io/
- Discord: https://discord.com/invite/BcSkpP9tk3
- Website: https://www.fuse.io/
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
