Fuji Credit

How it works

Lock SOL collateral

Anyone can open a new contract at the current reference price, after locking SOL as collateral in the covenant.

Buy Fuji USD

Users can buy $FUSD directly using SOL, providing seamless access to the stable synthetic asset.

Use, trade or borrow L-BTC

Use $FUSD across DeFi platforms, for trading, payments, or as collateral within the Solana blockchain ecosystem and borrowing L-BTC without intermediaries while maintaining ownership of their collateral.

FAQ

Frequently asked questions

Q. Who can buy Fuji assets?

A. Anyone can buy $FUSD with SOL on the Solana blockchain without intermediaries through the Solana blockchain.

Q. How to send, receive and store Fuji assets?

A: Any Solana-compatible wallet can store, send, and receive $FUSD to any address in a peer-to-peer fashion.

Q: Who are the parties involved in the contract?

A: The user buying or using $FUSD is the owner, while Fuji Credit is the issuer and the liquidator. The liquidation process occurs when the collateral value drops below the minimum requirement, verified by a secure oracle signature.

Q: How can the borrower get back the collateral locked in the covenant?

A: The borrower can redeem the full collateral by burning the equivalent amount of $FUSD. If the collateral value falls below the required threshold, the liquidator will seize the collateral and burn the corresponding $FUSD, as attested by the oracle.

Q: Why would I buy $FUSD with SOL?

There are many reasons, for example:

Access to decentralized finance (DeFi) services like borrowing L-BTC.
Use $FUSD for trading, commerce, and global transfers.
Utilize leveraged positions by using $FUSD to buy more SOL or other assets.

Q. What is the minimum collateralization requirement?

A: A 150% collateral ratio is required at all times. Falling below this ratio triggers liquidation, redeeming the collateral upon oracle verification.

Q. Can someone else beside the original borrower redeem the collateral upon burning a Fuji asset?

A: Only the contract owner or designated parties with Fuji Credit's permission can redeem collateral by burning the corresponding $FUSD.

Q. How to verify that the platform is not issuing Fuji assets without being backed by collateral?

A: All transactions and burning activities are transparent on the Solana blockchain, ensuring that every $FUSD is backed by real collateral.

Q. If the Fuji asset represents a stock or security, can I vote or receive dividends?

A: No, $FUSD represents a synthetic asset and does not confer any rights related to underlying assets.

Q: Can I borrow L-BTC with $FUSD?

A: Yes, users can lock $FUSD as collateral to borrow L-BTC, enabling secure, decentralized Bitcoin-backed transactions.

Q. Is the liquidation tied to a single Oracle service decided in advance?

A: No. Fuji Credit employs multiple independent oracle services for reliable and tamper-resistant price feeds.

Built on Solana

Blinded oracle

Non
custodial

How it works

Lock SOL collateral

Buy Fuji USD

Use, trade or borrow L-BTC

FAQ

Try Fuji Credit now

Built on Solana

Blinded oracle

Noncustodial

How it works

Lock SOL collateral

Buy Fuji USD

Use, trade or borrow L-BTC

FAQ

Q. Who can buy Fuji assets?

Q. How to send, receive and store Fuji assets?

Q: Who are the parties involved in the contract?

Q: How can the borrower get back the collateral locked in the covenant?

Q: Why would I buy $FUSD with SOL?

Q. What is the minimum collateralization requirement?

Q. Can someone else beside the original borrower redeem the collateral upon burning a Fuji asset?

Q. How to verify that the platform is not issuing Fuji assets without being backed by collateral?

Q. If the Fuji asset represents a stock or security, can I vote or receive dividends?

Q: Can I borrow L-BTC with $FUSD?

Q. Is the liquidation tied to a single Oracle service decided in advance?

Try Fuji Credit now

Non
custodial