Fuse Network has launched the second version of its app in May 2021, and since then, there have been many users registered from all over the world.
The Fuse Network mobile app, Fuse Cash, is a blockchain-native wallet that allows anyone to create an account only with their phone number. On this wallet, users can load money into their digital wallet via credit card or bank transfer.
Firstly, the money deposited is converted into FuseDollar (FUSD), the first Fuse-native stablecoin. It is 100% collateralized by fiat-backed stablecoins like USDC. Also, it can be obtained by users in more than 170 countries.
Also, users can send money to anyone, anywhere in the world, at any time with no fees. Additionally, users can trade their FuseDollars for other digital assets via the distinct in-app swapping function.
On the other hand, the app is not only very easy to use, but users will also be eligible to earn 5% APR simply by holding FuseDollar in their Fuse Cash wallet.
The New Features of Fuse Cash (V2)
The second version (V2) of Fuse Cash has been launched, and is available on Android and iOS. Therefore, these are the new and intuitive features of the Fuse Cash V2:
- Revamped User Interface: The Fuse Cash V2 was redesigned to a much simpler user interface. Thus new users could be more comfortable with it. A wallet is a suitable tool for any mobile user new to the cryptocurrency and DeFi space. Notably, another UI change was made with a focus on the activity feed. There is more emphasis on the feed, as it is now on the “Home” screen, making it more intuitive and interactive. This feature gives users the information, updates, and tasks that users can complete to learn about DeFi.
- Fixed 5% yield pool to reward Fuse Dollar holders: Fuse Dollar holders will be eligible to join the earning program and receive a 5% APR yield immediately after obtaining fUSD. There are no minimum deposits to enter or exit the program. Also, there is a weekly distribution of the rewards and gamification to create the best experience for savers without exposure to impermanent loss risk. To be eligible for receiving yield, users will need to hold fUSD in their wallets.
- Wallet Connect upgrade: The “WalletConnect” functionality has been upgraded in the new version (V2). WalletConnect allows Fuse Cash users to interact with the Fuse-native DEX FuseSwap, the Fuse Rewards platform, and the Fuse Staking platform directly, without using a MetaMask wallet. V2 improved the feed interactions and notifications related to the dApps connected.
At the time of publication, $FUSE price was at USD 0.099 with a 24-hour trading volume of USD 60,121. $FUSE price decreased by 4.8% over the last 24 hours. Besides, it has a circulating supply of 116.3 Million $FUSE coins and a total supply of 306.4 Million.
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