Fantom General Update: October 10, 2022 The past 2 weeks at Fantom! 🔹 A hackathon — DeFining DeFi put on by Google Cloud and Moralis is currently registering! Fantom developers and teams are invited to submit their DeFi-focused dApps for a chance at a $25,000 prize pool! 🔹 The governance proposal to lower validator/staking rewards has successfully passed, with 86% participation rate. FTM holders decided to reduce inflation to 6% per year. With these new emissions, token rewards will last ~4.7 years, adding 2.7 years of runway than with the old emission schedule. The proposal was implemented on-chain on October 6th. 🔹 Unstoppable Domains integrates Fantom. Users can now reserve a domain name to serve as their own universal #Web3 address. With Unstoppable Domains, you can immediately register an address of your choice, which you store on your wallet as an ERC-721 token, like an NFT. 🔹 Etherspot is a software development kit (SDK) bringing a non-custodial, smart wallet framework to Fantom. Etherspot gives developers an advantage with: transaction batching without switching RPCs, P2P payment channels, smart contract based accounts, multichain liquidity + much more. Read more!👇 https://fantom.foundation/blog/fantom-general-update-october-10-2022/ ↪️ RT + share: https://twitter.com/FantomFDN/status/1579465667023032320?s=20&t=Ab9410dljqVD9z98WfXNYg

Fantom General Update: October 10, 2022 The past 2 weeks at Fantom! 🔹 A hackathon — DeFining DeFi put on by Google Cloud and Moralis is currently registering! Fantom developers and teams are invited to submit their DeFi-focused dApps for a chance at a $25,000 prize pool! 🔹 The governance proposal to lower validator/staking rewards has successfully passed, with 86% participation rate. FTM holders decided to reduce inflation to 6% per year. With these new emissions, token rewards will last ~4.7 years, adding 2.7 years of runway than with the old emission schedule. The proposal was implemented on-chain on October 6th. 🔹 Unstoppable Domains integrates Fantom. Users can now reserve a domain name to serve as their own universal #Web3 address. With Unstoppable Domains, you can immediately register an address of your choice, which you store on your wallet as an ERC-721 token, like an NFT. 🔹 Etherspot is a software development kit (SDK) bringing a non-custodial, smart wallet framework to Fantom. Etherspot gives developers an advantage with: transaction batching without switching RPCs, P2P payment channels, smart contract based accounts, multichain liquidity + much more. Read more!👇 https://fantom.foundation/blog/fantom-general-update-october-10-2022/ ↪️ RT + share: https://twitter.com/FantomFDN/status/1579465667023032320?s=20&t=Ab9410dljqVD9z98WfXNYg