Fuji Credit: The DeFi Game-Changer will Launch!

Fuji Credit: Revolutionizing DeFi on Solana

We’re thrilled to announce the public beta of Fuji Credit and the issuance of Fuji USD (FUSD), a stablecoin backed by Solana assets.
After introducing Fuji Credit, we’ve received incredible support, with users signing up for the private beta program. Your feedback has been instrumental in refining the protocol and shaping our roadmap.

🗻 What is Fuji Credit?

Fuji Credit is a decentralized, non-custodial borrowing protocol built on the Solana blockchain. It allows users to borrow against Solana-based assets as collateral, securely locked in smart contracts called Safes.
Loans are issued in FUSD – an over-collateralized stablecoin pegged to USD, backed by Solana assets, ensuring stability and security.

👩‍🏫 How Does Fuji Credit Work?

The Fuji Credit protocol enables the minting and burning of synthetic assets backed by collateral. The value of the minted stablecoin (FUSD) is tied to a reference price index, ensuring price stability.
Here’s how Fuji Credit operates:

• Borrowers lock Solana-based assets into Safes to mint Fuji USD (FUSD).
• Liquidators help maintain the system’s stability by ensuring that underwater Safes are properly liquidated.
• The Treasury manages the issuance and re-issuance of tokens while collecting minting fees.

🚀 When is the Launch?

The token of Fuji Credit is launching in just a few days! 🔥
At launch, users will be able to:
✅ Buy FUSD by locking Solana assets (such as SOL) as collateral.
✅ Redeem collateral by burning FUSD.
✅ Adjust collateral levels as needed.
Users will have access to various Safes offered by the Treasury.
📢 The official launch date will be announced exclusively on our X account. Stay tuned and turn on notifications so you don’t miss it! 🔔
🐦 Follow us: https://x.com/fujicredit

🛣 What’s Next for Fuji Credit?

Fuji Credit is just getting started. Here’s what’s coming next:
🔹 Integration with Solana wallets, including hardware wallets and external apps.
🔹 Expanding FUSD as a widely accepted payment method across digital stores and merchants.
🔹 Launching mobile and desktop apps for peer-to-peer borrowing, trading, and payments.

🏃‍♀️ Try Fuji Credit Now

We are opening the beta of the Fuji Credit Web App, which allows users to connect their Marina Wallet to buy and burn FUSD.

Here’s how to get started:
1️⃣ Install Marina Wallet on Chrome (version 0.5 or higher).
2️⃣ Create a new wallet seed (it’s recommended to create a dedicated testnet wallet).
3️⃣ Switch to Testnet inside Marina via Settings > Networks > Testnet.
4️⃣ Request Testnet Solana assets using a faucet (e.g., faucet.solana.com).
5️⃣ For Lightning Network deposits, use htlc.me.
We look forward to hearing your feedback! Feel free to leave your thoughts on our feedback page.

Visit: app.fuji.credit