ForTube’s Outlook on DeFi and Lending Markets Alongside Fortube V3

ForTube has recently provided updates to their platform regarding decentralized finance (DeFi) and lending markets, culminating in ForTube V3. ForTube V3 provides effective solutions to the myriad of problems facing the Defi lending ecosystem including funding-pool limitations and transaction security.

By
Ifeanyi Egede
on
April 25, 2021
Category:
Blockchain News

Defi, Lending Markets, And ForTube V3

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ForTube and other DeFi platforms such as Compound and Aave provide similar functions like lending other types of encrypted assets, such as cryptocurrencies, stablecoins, as well as over-collateralized encrypted assets. However, funding pool lending still dominates the market and there is a limit to the business volume of bond platforms. The total value locked depends on platform upgrades and innovations. 

The ForTube V3 platform introduces several solutions which are already accepted by the market in order to improve lending functionality. The ForTube V3 platform update resolves issues about security, community, platform governance, token economic models, and the single funding pool problem plaguing the Defi lending market. In future versions of ForTube, there will be sections where users can access more flexible wealth management strategies. These will include fixed-rate lending products, time deposits, or even requests for deposits with floating interest rates. 

ForTube will utilize a new governance system known as FDAO as voted for and approved by the community. This structure will help solve issues of risk-taking and profit distribution. A side benefit for $FOR holders is that they can earn 60% profits from the platform. The addition of these personal benefits is expected to increase the willingness and participation of token holders in governing the platform. The ForTube V3 upgrade coincides with the introduction of the FDAO model which results in an umbrella for management and operations. 

Yield farming in V3 enhances deeper cooperation within the Binance community. It is highly beneficial to users, allowing them to deposit platform-supported LPs. This includes several currencies in the Binance community like BNB-BUSD. They can use these deposits to earn more ForTube lending amounts which result in increased funds utilization rates.

Marketing Activities Updates

The following updates have been provided by the ForTube team in their latest Medium post:

  • April 8, 2021. The official launch of $ARPA and opening of the "new token mining" area
  • April 12, 2021. Community approval to cancel liquidity incentives for ForTube Binance smart chain
  • April 12 - 19, 2021. Collaboration with Webounty to launch 1000 USDT worth of $FOR giveaway
  • April 12, 2021. Community approval of the proposal to inaugurate Lina token using the innovation zone of ForTube BSC
  • April 13, 2021. The official launch of $Lina as proposed and initiation steps for new token mining.
  • April 15, 2021. Addition of $FOR to Binance's savings-supported asset list. It is a value-added service for Binance holders with unused digital assets.
  • April 19, 2021. The official announcement of the collaboration between ForTube and NULS ecosystem so that $FOR can attain cross-chain interoperability in the network


What is ForTube?

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ForTube is a DeFi lending platform that utilizes the 'force protocol' to provide decentralized lending services for crypto-asset holders globally. Apart from supporting most assets, it provides several financial services that meet the needs of crypto users all over the world. ForTube aims to solve issues regarding lending functionality, making them an attractive choice for investors interested in lending cryptocurrency protocols.

Roadmap and Final Thoughts

ForTube will continue its aims of providing efficient, market-friendly solutions to suit the Defi lending markets. If it involves upgrading its platform to achieve this aim, the team is prepared to make changes to their platform in order to support these upgrades. ForTube is innovating how lending works in cryptonomics, making a path forward for future improvements to all facets of lending.

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Ifeanyi Egede

Ifeanyi Egede is an experienced and versatile crypto writer and researcher on fintech, the blockchain and emerging technologies. He has several published works online and in the print media. He loves reading, research, traveling, meeting people and football. When he is not writing, he spends time with his lovely wife and kids