FUSE Token
The network’s native token is the Fuse Token (FUSE). This is used in several ways within the ecosystem, including:
Transaction fees: As FUSE is the native currency of the Fuse Network blockchain, users must pay transaction fees (gas) in FUSE.
Payments: As the native currency, sending FUSE does not require interactions with smart contracts. FUSE transfers therefore generally require lower transaction fees than ERC-20 transfers.
Validation: Token holders can stake FUSE to become a validator. The minimal staking requirement is 100,000 FUSE. While the network is continuously growing, there are currently 60+ validators.
Voting: Validators can vote on protocol changes with their staked FUSE and with the tokens delegated to them by stakers. This means validators with a larger amount of FUSE staked or delegated have greater voting rights on network upgrades and governance changes.
Staking: FUSE holders can choose one or more validators to delegate and stake their tokens. They receive a share of the Fuse block rewards proportionate to the share of their stake in the total stake, minus the minimum 15% fee paid to the validator(s).
➡️ Get FUSE on Voltage Finance
➡️ The Ultimate Guide to Getting Fuse Tokens
FUSE Tokenomics
The Fuse team proposed changes to the tokenomics of the Fuse Network in early 2023 through FRC002. Most significantly, this outlines the importance of transitioning FUSE to a deflationary model, fee burning, and setting a maximum supply for the FUSE tokens.
These changes were scheduled for implementation on the consensus level in August 2024.
Where to buy FUSE
CEXes
Centralized exchanges (CEXes) facilitate the trading, buying, and selling of various cryptocurrencies. These platforms operate as an intermediary between users by providing a centralized online marketplace where participants can exchange digital assets for other cryptocurrencies or fiat currency.
You can buy FUSE from the centralized exchanges listed below:
| CEX |
|---|
| Gate.io |
| Huobi Global |
| MEXC Global |
| AscendEX |
DEXes
A DEX (decentralized exchange) is a peer-to-peer marketplace where users can trade cryptocurrencies in a non-custodial manner, without the need for an intermediary to facilitate the transfer and custody of funds. DEXs substitute intermediaries—traditionally, banks, brokers, payment processors, or other institutions—with blockchain-based smart contracts.
You can swap FUSE using the decentralized exchanges listed below:
| DEX |
|---|
| Fluxswap |
| IcecreamSwap |
| Mirakle |
| PancakeSwap |
| Quickswap |
| Rango Exchange |
| Sushi |
| Uniswap |
| Voltage |
Fiat On-Ramps
Fiat on-ramps and off-ramps are services that facilitate the exchange of fiat currencies for cryptocurrencies and tokens such as FUSE, USDC or USDT, and vice versa. There are several types of fiat on-ramps and off-ramps, including platforms for cryptocurrency transactions, peer-to-peer (P2P) platforms, brokerage services, and payment processors. Each type caters to different user needs.
| On/Off-Ramps |
|---|
| PayBis |
| Transak |
| TransFi |
More information about FUSE trading volumes and prices on various exchanges can be found on the FUSE token CoinMarketCap page.
Yield Farming FUSE Token
The project team occasionally uses the FUSE token to power liquidity reward (yield farming) programs to boost liquidity on DEXes and participation in the Fuse Lending Network.
The ongoing liquidity rewards programs on DEXes can be found here.
FUSE On Other Blockchains
One way to ensure the growth of Fuse and its prospects is by enabling additional versions (wrappers) of FUSE on other chains. These wrapped FUSE take the form of ERC-20 tokens.
Wrapped versions of the FUSE token exist on Ethereum (mainnet), Binance Smart Chain, the Arbitrum One layer-2 optimistic rollup chain for Ethereum, and Optimism. The latter is a wrapper of a wrapper powered by the Ethereum-Arbitrum bridge, and its withdrawals from Arbitrum are subject to the optimistic rollup rules.
You can add these to your Web3 wallet using the below networks and contracts:
| Network | Fuse Contract |
|---|---|
| Ethereum | Etherscan |
| Polygon | Polygonscan |
| BNB Chain | BSCscan |
| Arbitrum One | Arbiscan |
| Optimism | Optimism |
| Base | Base |