Fantom

There has been a notable increase in vault funds on the Fantom network, attributed to the support from @theFantomgoat. The individual is contributing liquidity on-chain by providing $FTM. Community members are encouraged to guess the total fees expected by the end of the EPOCH.

Fantom community highlights this week include @Equalizer0x hitting new milestones, Fantom's legal win, @ShadowDexFi airdrop plans, and @michaelfkong sharing updates at ETHDenver. Equalizer0x reached a new milestone on their Equity platform generating over $500K in fees. Fantom had a legal win in a case related to the Multichain incident. Shadow Exchange is preparing for airdrops with partners like @paint_swap and @TarotFinance. Michael Kong shared updates at ETHDenver including the upcoming canonical stablecoin, an airdrop, and a 90% GasM upgrade.

Fantom introduces $sFTMx, a token that provides automatic exposure to network staking rewards and autocompounding within the token. It is seamlessly integrated within DeFi applications, offering exciting DeFi opportunities such as utilization in DEXs and lending markets.

Fantom Foundation announced an investment of $1M in Equalizer0x vaults. They also hinted at upcoming plans for the chain and airdrops, urging the community to prepare.

Fantom Network announces the integration of Bancor technologies, offering advanced trading capabilities for DeFi with partners such as CarbonDeFixyz and Arb Fast Lane Protocol.

The Fantom Foundation has received a favorable default judgment from the Singapore High Court against Multichain for breach of contract and fraudulent misrepresentations. The court will quantify damages, and Fantom will petition for liquidation to recover assets, including $65 million in frozen stablecoins. This legal victory aims to pave the way for all users to lodge claims and recover assets lost in the Multichain exploit.

Fantom Foundation, responsible for maintaining and developing the Fantom blockchain, is aiming to recover assets lost in a $200 million exploit by MultichainOrg from the previous year.

Following the Multichain exploit, Fantom Foundation pursued legal action against Multichain Foundation for breach of contract and fraudulent misrepresentations. A default judgment ruling in the Foundation's favor was granted by the High Court of Singapore. The Foundation will quantify damages, issue a demand for payment, and may proceed to wind up Multichain Foundation. A liquidator will be appointed to trace and recover assets, with a focus on the recovery of frozen stablecoins worth around USD$65 million. This legal victory sets a precedent for all affected parties to pursue claims and recover assets.

During the EthDenver event, Fantom CEO Michael Kong highlighted that with Sonic, Fantom's TPS will scale to thousands. He mentioned having on-chain data to support this claim and welcomed challenges to prove it. Kong emphasized the importance of scaling, stating that it becomes essential in a bull market.

The Equalizers swap engine on Fantom has been upgraded into a powerful meta-aggregator, providing unbeatable prices for any asset on the network. It now includes all pools like The Forged & ODOS, with plans to integrate more in the future. The upgrade aims to make Equalizers the ultimate one-stop-shop for all Fantom needs.