Fortress Protocol AMA Recap with Jetfuel Finance Project Lead Miro
This afternoon Miro from the Jetfuel Finance ecosystem stopped by to talk to Sergeant Pepper and me about his team’s new project, Fortress Protocol and answered some questions from the community. To celebrate the BSCTimes and Fortress AMA, $100 in Fortress tokens will be given to five members from the community who participated in the question and answer segment at the end. Stay tuned for the announcement of the winners!
TheDevil100x – BSCTimes.com, [Apr 21, 2021, 11:03:53 AM]:
Hello Everyone! Welcome to our AMA with the Fortress Protocol team!
So without further ado, I’d like to introduce the project lead for Fortress Protocol, Welcome @jetfuelmiro!
Flight Commander Miro [Will Never DM First], [Apr 21, 2021, 11:06:37 AM]:
Thanks @TheDevil100x! I’m so excited to be here to talk about Jetfuel’s next expansion, The Fortress Lending Protocol!
TheDevil100x – BSCTimes.com, [Apr 21, 2021, 11:07:39 AM (Apr 21, 2021, 12:00:30 PM)]:
I bet! I have kept apprised of your guy’s work on the project over the past few months, and I bet you’re so excited to finally share it with the world.
Flight Commander Miro [Will Never DM First], [Apr 21, 2021, 11:08:08 AM]:
Absolutely, we’ve been working very hard on Fortress.
TheDevil100x – BSCTimes.com, [Apr 21, 2021, 11:09:25 AM]:
Lately I’ve seen Fortress all over social media, and I am sure there are some out there that aren’t aware of what Fortress is, could you please explain Fortress?
Flight Commander Miro [Will Never DM First], [Apr 21, 2021, 11:11:09 AM]:
The website for Fortress is fortress.loans/
Fortress is an algorithmic money market, and synthetic stable coin protocol designed to bring secure and trustless credit and lending to users on Binance Smart Chain. We forked the battle-tested, audited, open-source code of Venus and Compound to build Fortress.
Fortress enables investors to lend and/or borrow cryptocurrencies, by pledging the platform an over-collateralized amount of cryptocurrency. The fortress does this by utilizing money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand of each asset.
Users who choose to supply liquidity to Fortress earn compounded interest as rewards for supplying their assets to the protocol. When supplying assets, users are also given the ability to mint stable coins, or borrow other assets against their supplied assets. Once a user has supplied assets to Fortress, the user can then borrow assets or mint stable coins, by over-collateralizing and paying interest on the amount borrowed.
Loans from the Fortress protocol do not have monthly payments, late fees, and can be paid off at any time. Fortress is able to do this without ever requiring a credit check, with near-immediate origination, using smart contracts that provide an automated, and absolutely transparent system for investment and profit distribution.
Sergeant Pepper (BSC TIMES), [Apr 21, 2021, 12:24:23 PM]:
So @jetfuelmiro – how can people learn more about your project?
Social media, websites, etc?
Flight Commander Miro [Will Never DM First], [Apr 21, 2021, 12:26:35 PM]:
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