Wrapped Fantom (wFTM) is a token that was created to enable the seamless transfer of Fantom native assets to other blockchains. It is an ERC-20 token that is pegged to the value of Fantom's native token. This allows users to trade on decentralized exchanges (DEX) using wFTM while avoiding the high transaction fees and slow processing times associated with trading on centralized exchanges.

wFTM/USD Price

ReHold, a decentralized finance (DeFi) platform, uses Chainlink to determine the price of wFTM/USD, just as it does for other cryptocurrencies. The decentralized nature of price determination in wFTM/USD ensures that issues such as price manipulation, spikes, and slippages present in centralized exchange (CEX) products are avoided.

How to Earn Passive Income on wFTM

Whether you are an active trader or a passive HODLer, monitoring wFTM's price movement is wise. ReHold makes it easy by offering price charts for every coin, including wFTM. For those looking for a solution to earn passive income on wFTM, the DeFi Dual Investments by ReHold offers a way to earn a high annual percentage rate (APR) through the ReHold protocol.

Wrapped Fantom (wFTM) Price Prediction

Predicting the future price of wFTM can be challenging, but regular updates and news provided by platforms like ReHold can help make educated predictions. The adoption and use of Wrapped Fantom's protocols and chains will likely play a significant role in determining the value of wFTM in the future. As more applications are built on the Fantom OPERA Chain and demand for wFTM increases, the value of the token is likely to rise.

wFTM Value

The value of the wFTM token is primarily determined by market demand and supply. As more users adopt the Wrapped Fantom platform and utilize wFTM for transactions, the demand for the token will likely increase, potentially leading to an increase in its value. Additionally, wFTM can be staked to earn rewards and participate in the platform's ecosystem.

220% APR on wFTM Duals

ReHold offers a unique DeFi earning solution with its Dual Investments. Using the innovative ReHold protocol, users can earn up to 220% APR on pairs such as wFTM/USDC, and wFTM/DAI. This presents an attractive opportunity for investors looking to earn passive income while holding their wFTM tokens.

How to Earn 220% APR on Wrapped Fantom (wFTM)

If you're interested in earning passive income on Wrapped Fantom, ReHold offers a unique DeFi earning solution. You can earn a 220% APR on pairs such as wFTM/USDC, and wFTM/DAI using the innovative ReHold protocol at Dual Investments. Follow these six easy steps to try it out:

Connect your wallet Open the ReHold App and connect your web3 wallet. You can choose any web3 wallet that supports BNB Chain, Polygon, Avalanche, Optimism, Arbitrum, and Fantom.
Choose the Fantom (FTM) Dual asset Select the dual that you need: wFTM/USDC or wFTM/DAI. You can start a dual investment with each token of the pair.
Choose a staking period Select how many hours you want to lock your tokens. The longer the staking period, the higher the yield you will receive.
Choose the start token Select the start token and the amount you want to invest. You can use the Wrapped Fantom (wFTM) token or USDC, DAI of the dual asset.
Approve the token To start a dual investment, you need to allow smart contracts to use your tokens. It's required only once for a selected token.
Start your Dual Click on “Start Now” to create your Wrapped Fantom (wFTM) dual and receive your reward after the staking period. That's all! Your Dual is created, and at the end of the staking period, you can take your assets back to your wallet or open a new Dual.

Also, if you are interested in long-term investing, you can activate the auto-replay feature, and your dual will automatically start when the staking period ends. This will save you gas, simplify the passive income process, and increase your earnings.