Cryptocurrency

Tempus Is Bringing Fixed Yield to Fantom

Tempus announced an official collaboration with Yearn on Fantom in the coming weeks to bring fixed yields for Fantom users.

Tempus recently released an official announcement regarding its integration with Yearn on Fantom. It has not been long since the venture announced the same for the Ethereum network. However, the ongoing market condition has affected the APR significantly.

An example representing the situation would be a measly 3% APR available on the DAI. That is why Tempus has decided to delay its delay on the Ethereum network. Nonetheless, mere dim market conditions are not stopping Tempus from creating earning opportunities.

That’s why the venture is bringing its Yearn integration on Fantom for fixed yields. Users can read more here about the future of Fantom to gain useful insights. With the integration, Tempus aims to make fixed yields easily accessible to every user in the market.

However, prevalent concerns like high transaction fees on Layer 1 Ethereum solutions are hindering numerous users from achieving it. This trend has forced users to avail themselves of other reputable chains, such as Fantom.

The platform has witnessed a massive boost in TVL (total value locked) and volume in the past 12 months. Currently, Fantom has more than 12 billion dollars in total value locked. As the crypto market is gaining global acceptance, the platform is certain to rise in value and stature.

A major reason behind Fantom’s inevitable surge is its incredibly high-interest rates. This is another big reason why Tempus is bringing the Yearn integration on Fantom. The Tempus team is closely working with Yearn as they release their first Fantom integration.

The collaboration will enable esteemed APRs for Fantom users as they can earn more than 20% in fixed yields. At the launch, the integration will support five pools, namely: DAI, MIM, USDC, WFTM, and WBTC.

Each pool will have a different maturity date, so users should stay tuned for more information regarding the development.

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