I’m just going to condense this so community can get an overall understanding of fantom chain and its benefits. The team can look into the docs in more detail later.
Basically, Fantom is a PoS chain. Currently there are several dozen validators, but will grow overtime. They offer absolute finality, which means transactions can never be reversed. Anyone can run a node if they stake 3.1 million FTM, but can delegate and stake with even 1 FTM. Transactions are a fraction of a cent and less than 1-2 seconds.
They will soon be a major DEFI HUB IMO, and work synergistically with ETH, since its very easy to port and interlink. We know that there are several L2 solutions, but it will be sometime before the space comes to a consensus on which one to use. In the meantime, I think many in the space will see that FTM solves most of those issues and it will get traction very fast (even tho L2 solutions will still used in the future).
Protocols that will soon run the DeFi universe:
Yearn, Cream, Alpha, Sushiswap, Cover protocol, Curve, Synthetix, Badger DAO + functionality of Compound, Aave, and Maker (AND IDLE😍)
Their Anyswap in run by fusions DCRN, which will also bring major crosschain liquidity…
-the only multi-blockchain DEX
-bridge assets between Ethereum, Fantom, Binance Smart Chain, Huobi Eco Chain, XRP, LTC, ADA, and all DCDSA/EdDSA chains
-provide liquidity between any two tokens on any chain
with additional (and unique) functionalty provided by DCRM:
-private key sharding to secure users’ assets and allow for cross-chain transactions, -TIme Locking to allow for things like mortgages, derivatives, and loans
-Quantum Swaps, executed within a single transaction
-USAN (Universal Short Account Number Universal Wallet and Global Short Account Number)
-SCT (Smart Contract Template) to allow users and companies to easily create financial derivatives or develop suitable products based on market needs and target demographics.
I would also guess that fUni will eventually have DCRM functionality, as well, with AnySwap as a testbed
Curve is already getting involved, also yearn vaults are getting implemented already as well.
They are already partnered with chain link, Band, REN, the Graph, waves, and many more.
Their DEFI stuff is working with fLend coming soon.
Everything can simply be done through wallet interface.
I suggest we create a grant for experienced dev to start porting things over into Fantom, while the core team continues to push out ETH roadmap milestones. We can easily reach out on their discord and let them know about open grant opportunity. I also think this should get started fairly soon.
Also, to see why ETH projects are likely to move there and why its actually helping ETH ecosystem, check out this article…
Anyways, hope this info is of some help to someone