TechFlow news — Fantom co-founder Andre Cronje has announced the migration from fUSD v1 to fUSD v2, enabling fUSD to function as an on-chain fee payment system. This means Fantom will be able to distribute fees in either FTM or fUSD and predict future costs based on usage.
fUSD v1 will undergo liquidation: any position with an fUSD debt equal to or greater than its backing in FTM or sFTM will be liquidated. In cases backed by sFTM, staking will be immediately undelegated and all rewards claimed. Additionally, a tool has been built to facilitate swapping DAI for fUSD, allowing users to close their positions and settle outstanding debts.Original article
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