ForTube Joined IoTeX Ecosystem, Boosting DeFi Construction and Cross-Chain Transactions

Dear ForTubers,

We are thrilled to announce that ForTube has reached a strategic partnership with IoTeX. Both parties will work together closely in various fields such as DeFi ecosystem construction, cross-chain transactions, market expansion and etc. The deployment process of ForTube on IoTeX’s mainnet will be completed around 3 PM, December 2nd (UTC+8), and a liquidity incentive plan will be launched soon. Please stay tuned!

As a decentralized crypto bank, ForTube’s product has been available on Ethereum, Binance Smart Chain, OKExChain, Polygon, and Arbitrum mainnet. The ForTube IoTeX version will support deposit, borrowing, withdrawal, and repayment services for IOTX, wBTC, ETH, USDC, USDT, and BUSD.

IoTeX was established in 2017 as an open-source project in Silicon Valley. With the development goal of linking the real world and the digital world, it is a high-performance public blockchain that is fully compatible with Ethereum. Recently, IoTeX released the “MachineFi Machine Finance” vision. IoTeX 2.0 will transform the traditional IoT and machine into MachineFi dapps, unlocking trillions of dollars in the world of Metaverse and web3, and officially opening up tens of billions of machines.

In addition, IoTeX is also building a DeFi application ecosystem that allows cross-chain transactions between different blockchains, including cross-chain token exchange, NFT, supply chain certificates, decentralized identities, and so on.

As a new DeFi product facing the future, ForTube is committed to providing users with value capture opportunities with higher profits and more flexibility in various methods. This collaboration with IoTeX will also allow users to better access the diversity of assets in the real world.

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ForTube is the world’s top DeFi lending platform launched by The Force Protocol.