#New Features of Fantom Wallet: Cross-Chain Bridges, Governance Proposals, and More

On March 24th, the Fantom Foundation announced a number of new features for the Fantom Wallet, including free adjustment of the pledge FTM, creation of governance proposals, built-in cross chain bridges, built-in OpenOcean aggregation transactions, and integration of the Unstop Domains domain name.

Fantom Wallet adds functions such as cross chain within the wallet and creation of governance proposals

Fantom Foundation has recently announced a set of new features of the Fantom Wallet. The new updates include free adjustment of the pledge FTM, creation of governance proposals, built-in cross-chain bridges, built-in OpenOcean aggregation transactions, and integration of the Unstop Domains domain name. These new developments have sparked excitement among cryptocurrency enthusiasts and investors alike, as they offer added flexibility, convenience, and interoperability. In this article, we’ll dive into the details of each feature and what it means for the Fantom community.
##1. Free Adjustment of Pledge FTM
One of the major advantages of the Fantom Wallet is its staking capabilities, which allow users to earn rewards for verifying transactions on the network. However, in order to participate in the staking process, users are required to pledge a certain amount of FTM as collateral. With the new update, users can now adjust their pledge amount for free, without having to pay an additional transaction fee. This means that users now have more control over their staking rewards, as well as the ability to adjust their pledge amount in response to market fluctuations.
##2. Creation of Governance Proposals
Another new feature of the Fantom Wallet is the ability to create and vote on governance proposals. This feature allows FTM holders to have a say in the network’s development and future direction, by proposing and voting on changes to platform governance, such as protocol upgrades or changes to network reward structures. By decentralizing decision-making and putting it in the hands of the community, Fantom is reinforcing its commitment to transparency, inclusiveness, and democracy.
##3. Built-In Cross-Chain Bridges
The integration of built-in cross-chain bridges is a major step forward for the Fantom network, as it enables interoperability with other blockchains. Cross-chain bridges allow for the exchange of assets and data across different networks, creating a seamless and integrated user experience. This new feature opens up a whole new realm of possibilities for Fantom users, as they can now access a wide range of decentralized applications and services that were previously inaccessible due to network barriers.
##4. Built-In OpenOcean Aggregation Transactions
Fantom Wallet’s new integration with OpenOcean aggregation transactions is another significant development that enhances user convenience and accessibility. OpenOcean is a decentralized exchange aggregator that connects to multiple DEXs and provides users with the best available prices for trading. By integrating with OpenOcean, Fantom Wallet users can now enjoy seamless and optimized trading experiences, without having to go through the hassle of navigating multiple exchanges.
##5. Integration of Unstop Domains Domain Name
Finally, the integration of Unstop Domains domain name is a key feature of the new update. Unstop Domains is a leading provider of blockchain-based domain names that provide a secure and censorship-resistant alternative to traditional domain names. By integrating with Unstop Domains, Fantom Wallet users can now purchase and use custom domain names for their FTM wallets, making it easier to send and receive payments and manage their crypto assets.
##Conclusion
In summary, the new features of Fantom Wallet are a major step forward for the platform and the broader cryptocurrency community. By providing greater flexibility, convenience, and interoperability, Fantom is positioning itself as a leader in blockchain innovation and adoption. The integration of cross-chain bridges, governance proposals, and other new features is a testament to the potential of decentralized finance to transform the financial landscape and empower users worldwide.
##FAQs
Q1. How do I adjust my pledge amount on Fantom Wallet?
A1. To adjust your pledge amount, go to the “Staking” section of the wallet and click on “Edit Pledge.” From there, you can select your desired pledge amount and confirm your changes.
Q2. Can I vote on governance proposals even if I don’t hold FTM?
A2. No, only FTM holders are eligible to participate in the governance process on Fantom.
Q3. What are the benefits of using Unstop Domains domain names?
A3. Unstop Domains provides a secure and censorship-resistant alternative to traditional domain names, ensuring greater privacy and security for wallet users. It also makes it easier to send and receive payments and manage crypto assets.
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