FIP5 — Shiba Inu joins Fortress as a Collateral Asset
Shiba Inu comes to the Jetfuel Finance Fortress Protocol with FIP5! View the proposal here: https://bsc.fortress.loans/vote/proposal/5
What is Shiba Inu ($SHIB)
Once upon a time, there was a very special dog. That dog was a shiba inu, and this dog inspired millions of people around the world to invest money into tokens with the dog’s image on it. According to the SHIBA INU website, SHIB is the “DOGECOIN KILLER”.
Shiba Inu coin was created anonymously in August 2020 under the pseudonym “Ryoshi.” The meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and Tweets from personalities like Elon Musk and Vitalik Buterin.
Currently ranked #13 on Coinmarketcap, SHIB is one of the largest tokens in the world.
We are thrilled to announce our friends at Chainlink have built a SHIB price feed for us to safely implement SHIB as a collateral asset in the Fortress Protocol! Fortress will be the FIRST money market protocol on BSC to integrate SHIB as an asset for suppliers and borrowers to utilize.
- 40% Collateral Factor
- 25% Reserve Factor
- 142.4656 FTS Daily FTS Emissions
- Jump Rate Model 70% KINK Interest Rate Model
- BTCB FTS emissions will be changed from 1424.656 FTS per day to 1282.1904 FTS per day.
FIP5 can be viewed here: https://bsc.fortress.loans/vote/proposal/5