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My Defi adventure 6: Troubleshoot FTM undelegation
By Rainbow Coin  •  October 9, 2021
https://pwawallet.fantom.network/#/dashboard Why stake on Fantom? The incentive of staking FTM by delegating to a validator on the network is for both staking reward (about 13%) and the usage of minted sFTM (the proof token for staking) as collateral to borrow fUSD. We can subsequently swap it for other synths eg. wFTM. [Do note that fUSD is NOT pegged to USD, so it is often valued less than USD1 when you try swapping it for other stablecoins like fUSDT on Fantom.] I find that the entire interface of PWA wallet is not intuitive at all. I was kind of in a lost after connecting my wallet, and had to read a walkthrough before I managed to stake and finally get some fUSD. The reward for borrowing fUSD was pathetic, by the way. For sFTM minted, you will be able to find it under Collateral Positions below and fUSD you will find it under Synths Positions on the fMint page....
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By Rainbow Coin
I began exploring the financial world in year 2010, hoping to get out of the rat race and be financially independent. 2010 was the aftermath period of the Lehman crisis when a pretty shaken up market was struggling to recover. On hindsight, that was the perfect time to catch multi-bagger stocks should I be a veteran or at least had some basic knowledge of picking up 'gems'. My learning curve was steep then, as I have absolutely no friends or relative who could shed some light on what's investing about.
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