About Fortress Lending
Fortress is an algorithmic money market, and synthetic stable coin protocol designed to bring secure and trustless credit and lending to users on Binance Smart Chain. Fortress enables investors to lend and/or borrow cryptocurrencies, by pledging the platform an over-collateralized amount of cryptocurrency. Fortress does this by utilizing money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand of each asset. Users who choose to supply liquidity to Fortress earn compounded interest as rewards for supplying their assets to the protocol. When supplying assets, users are also given the ability to mint stable-coins, or borrow other assets against their supplied assets. Once a user has supplied assets to Fortress, the user can then borrow assets or mint stable-coins, by over-collateralizing and paying interest on the amount borrowed. Loans from the Fortress protocol do not have monthly payments, late fees, and can be paid off at any time. Fortress is able to do this without ever requiring a credit check, with near immediate origination, using smart contracts that provide an automated, and absolutely transparent system for investment and profit distribution.
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Market Stats
Market Cap
$16,197.50
1.13%
FDV
Not enough data
Circulating Supply
9,085,224.977 FTS
Max Supply
Not enough data
Total Supply
10,000,000 FTS
Diluted Valuation
$17,828.39
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$4.93
0.89%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$0.0018
Overall Price Change (1Y)
-0.43%
Additional info about Fortress Lending
Recent trends
The current price is $0.0018 per FTS with a 24-hour trading volume of $4.93. Currently, Fortress Lending is valued at 0.10% below its all time high of $0.0018. This all-time high was the highest price paid for Fortress Lending since its launch. The current circulating supply of Fortress Lending is 9,085,224.977 FTS which means that Fortress Lending has as total market cap of $16,197.50.
Market details
FTS vs markets
↘ 51.59%
FTS vs BTC
↘ 56.15%
FTS vs ETH
↗ 12.2%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0x4437743ac02957068995c48E08465E0EE1769fBE |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0018 | ↗ 1.11% |
1 Day | $0.0018 | ↗ 1.11% |
1 Week | $0.0018 | ↘ 0.25% |
1 Month | $0.0019 | ↘ 7.91% |
1 Year | $0.0031 | ↘ 42.54% |
FAQ
As mentioned in the whitepaper, the Fortress protocol was created to allow users to borrow and lend cryptocurrency assets securely and efficiently. Fortress users who decide to contribute liquidity get compounded yield to contribute their assets to the protocol. Users are offered the option of minting stablecoins or borrowing other assets against their supplied assets when they contribute assets.
Users can borrow assets or create stablecoins by over-collateralizing and paying yield on the amount borrowed per block once assets are delivered to Fortress. Monthly payments or late fees are not required with Fortress protocol loans, and they can be paid off at any time. Apart from this, Fortress utilizes smart contracts, which seek to enable an automated and completely transparent system for investment and profit sharing.
Fortress seeks to bring together traders, borrowers, exchanges, and others in an open and transparent platform that aims to empower users, unlock value, correct market inefficiencies, and provide possibilities for traders and users. Besides, users' assets are traditionally matched with others before a transaction occurs on a peer-to-peer network or an exchange, resulting in extra expenses and time lost. By seeking to aggregate users' assets and make them fungible (identical or uniform and can be interchanged), Fortress has improved on the market inefficiencies. This technique, by pooling assets, can provide more liquidity and the option for users to withdraw their assets at any moment.
Furthermore, the platform’s token, FTS, governs the Fortress protocol. With its governance mechanism, which seeks to allow FTS token holders to vote and decide on platform modifications, Fortress was built to respond to market situations. FTS token holders can create proposals and use their FTS tokens as voting power when they vote.
Jetfuel Finance invented the Fortress protocol. They are a skilled group of ten entrepreneurs, solidity developers, full-stack developers, designers, project managers, and marketers. They have over 30 years of combined blockchain and DeFi experience.
We update our Fortress Lending to USD currency in real-time. Get the live price of Fortress Lending on Coinbase.
The current market cap of Fortress Lending is $16.20K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Fortress Lending is $0.0018. This all-time high is highest price paid for Fortress Lending since it was launched.
Over the last 24 hours, the trading volume of Fortress Lending is $4.93.
Assets that have a similar market cap to Fortress Lending include Mindscraft, JetTon Games, JPG, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Fortress Lending is 9.1 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.