Impossible Finance Partners with Fuel to Revolutionize The L2 Space
Hey, Impossible Community!
We are excited to announce our partnership with Fuel Network, the fastest and least expensive Optimistic rollup on Ethereum with more than $370M TVL since launching. In this article, we'll explain what our partnership involves and highlight what makes Fuel Network the notable layer-2 in the space.
What is Fuel Network?
Fuel Ignition is a high-performance Ethereum L2, powered by the FuelVM and verifiable at home. Fuel introduces a suite of innovative features to enhance the Ethereum ecosystem, delivering advanced capabilities without compromise. Fuel rollups offer parallelized transaction execution, native account abstraction, and compatibility with wallets across all networks.
Key Highlights
From launching, Fuel Ignition already achieved many impressive numbers:
- With 600+ TPS & <$0.0002 min per transaction, Fuel Ignition is the fastest and least expensive Optimistic rollup on Ethereum.
- 21,000+ TPS per core capability with parallelized transaction execution, powered by the FuelVM and verifiable at home.
- $400+ million in by Total Value Locked (TVL) since launch, placing Fuel Ignition among the top 10 L2s by TVL.
- 50+ projects are live on Fuel Ignition within the first month of launch, now at 80+ projects in the ecosystem.
- The use of FUEL to secure Fuel's sequencer and eliminate user fees through a groundbreaking economic incentive model centered on Application-Specific Sequencing.
A scalable architecture designed to combat creeping centralization in blockchain ecosystems, running efficiently on affordable, consumer-grade hardware to remain accessible to everyone.
Fuel Ecosystem
Fuel seeks to revolutionize the Ethereum rollup ecosystem by integrating the purpose-built FuelVM, the highly optimized Rust-based blockchain programming language Sway, and the fully integrated development toolchain Forc. By adopting those frameworks, Fuel Network promises to create experiences never before seen in the Ethereum ecosystem for developers.
Notable Dapps
Mira Protocol
An open-source, decentralized platform connecting traders, LPs, and protocols. Starting as a basic AMM, it will transition to a ve(3,3) model for better capital efficiency and rewards. With $10M TVL and a 2X Fuel Points multiplier, MIRA enhances user incentives.
Griffy
Another protocol that enhances 2X points for Fuel Points, Griffy empowers users to trade their opinions. On Fuel, this is the NASDAQ for opinions. Recently, they have launched GriffyBot which predicts crypto prices with just a swipe from the user.
Spark: The first on-chain orderbook exchange powered by the high performance FuelVM. Spark is backed by Curiosity Capital, P2 Ventures (Polygon Ventures), Unicorn Factory Ventures (UF Ventures), Fuel Network and ọhers, raised a $1.5M pre-seed funding round.
Swaylend
The first decentralized lending platform built on the Fuel Network which operates using an Ethereum consensus layer. With a 2X Fuel Points program, Swaylend has surpassed $7M in total assets borrowing.
Fluid Protocol
Their $USDF is the native decentralized stablecoin for Fuel Network. $USDF is backed by over-collateralization. Borrowers can obtain interest-free loans at a 0% rate by depositing collateral, which allows them to receive USDF in return. They reached $1M in TVL, launched Beta recently for users to participate and earn retroactive Fuel Points.
Partnership Model
This partnership will broaden Fuel’s presence and increase its visibility in the Impossible Finance community. We support Fuel in refining its adoption strategies, strengthening the Fuel Network, and unlocking new growth opportunities for its ecosystem projects.
Additionally, we will launch engaging campaigns to introduce our users to Fuel. These campaigns will offer opportunities to become part of a growing, innovative community.
About Fuel
Fuel Ignition is a high-performance Ethereum L2, powered by the FuelVM and verifiable at home.
Fuel combines innovative features to bring new capabilities to Ethereum without compromise. Fuel rollups feature parallelized transaction execution, native account abstraction, and wallet support. The Fuel stack, built from the ground up, transforms dApp development with a UTXO-based model and purpose-built tools.
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About Impossible Finance
Impossible Finance is the go-to crypto investment platform that empowers you with high-quality, fair and accessible crypto opportunities. We simplify DeFi so you can enjoy fairer investing, cheaper trading and better yields through our accelerator, launchpad, and swap platform.
