According to ChainCatcher, the Fantom Foundation announced on social media that the fUSD exchange website and contract have been launched. Users now have 1 week to exchange USDC.e for fUSD at a 1:1 ratio to unlock locked FTM positions.
After a week, the official will liquidate all FTM positions with a collateral ratio below 300% and charge a 10% penalty, allowing all locked FTMs to be unlocked.
