According to Odaily, the Fantom Foundation has announced the launch of its fUSD exchange website and contract on platform X. Users now have a week to exchange their USDC.e for fUSD at a 1:1 ratio, which will unlock their locked FTM positions. After this one-week period, the foundation will liquidate all FTM positions that are below a 300% collateral ratio and impose a 10% penalty. This move will allow all locked FTM to be unlocked. The announcement is a significant development for the Fantom Foundation and its users, providing them with more flexibility and control over their FTM positions.
