Building a lasting infrastructure to stabilize fUSD at $1.00.
StakeSteak, Fantom's First Ever Interest-Bearing fUSD. The long-term vision of StakeSteak is to help elevate the Fantom ecosystem to compete with other layer 2 blockchains. Currently, one of the core pitfalls of Fantom is that the native stablecoin is not pegged to $1. As a direct result, FUSD is being underused despite how integral it is to the ecosystem as a whole. Although we cannot add liquidations ourselves, we can be a protocol dedicated to bringing demand to FUSD and integrating it as a proper stablecoin.