fCASH
The yield dollar backed by iFarm
What is fCASH
fCASH is a solution to leverage iFARM, essentially it works as a loan without needing to sell iFARM. iFARM holders provide iFARM to get fCASH, it can be swaped to USDC. iFARM provided as collateral can be claimed when fCASH collected is returned.
Expiration
In the Expiry date each token of fCASH will expire for $1 of iFARM in the time of expiration. This mechanism gives fCASH an intrinsic value characteristic and a predictable target of value in a given date.
Liquidation
Deposited iFARM can be liquidated if depositor fail to provide enough collateral to maintain the position. When iFARM is provided and fCASH is taken, an iFARM liquidation price is generated based on the iFARM quantity depositor decides to provide and fCASH decided to be taken. If iFARM price drops bellow liquidation price, any user can liquidate the under collaterized iFARM position.
Use fCASH
fCASH can be minted using the creating action. The position can be managed in order to avoid liquidation using the deposit action. To use fCASH visit https://fcash.farmdashboard.xyz/manageposition
Resources
An instructive guide about fCASH created by a community member. (Credits to Just.Z)
An instructive article about fCASH created by a community member. (Credits to PVMihalache)
An instructive infographic about fCASH and many ways to use it.
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