Fuse, the blockchain for payments, has shared details of its new-look roadmap and launch strategy. The plan will support Fuse’s goal of relaunching as a zkEVM L2 that will allow it to take advantage of emerging technologies including private payments. It’s also revealed plans to revamp its tokenomics and to host a public node sale in Q1 that will see 50,000 nodes made available to the community, each represented as an NFT.
Ember to Spark the Rebirth of Fuse
Fuse Ember is the name given to the three-phase upgrade that Fuse has tabled that will run into 2025. Before that, however, its L2 is set to launch in Q4. Built using the Polygon CDK, it will provide greater scalability and allow developers to create powerful dapps that support new use cases including private payments. Using the Polygon CDK will provide greater interoperability between Fuse Network and other Polygon chains, allowing liquidity to flow freely and reducing friction.
During the first phase of the upgrade, Fuse will migrate to the latest EVM version via the London Hard Fork, allowing for the introduction of new standards and features. In phase two, Fuse’s tokenomics will be upgraded and the maximum staking threshold increased, providing greater stability for network validators. Increasing the staking limit from 5M to 10M will enhance network security and promote greater decentralization. During the final phase of Fuse Ember, the token’s inflationary design will be removed which will provide greater sustainability moving forwards.
Community Node Sale Set for Early 2025
In early 2025, a community node sale will involve 50,000 node licenses being made available to the public with each one represented as an NFT. This will provide flexibility for node operators, who can delegate their NFTs to other operators if desired, who can earn rewards for validating network transactions.
Prior to the node sale, a host of other upgrades and improvements are tabled for Q4 including the release of new business-oriented products that support cross-chain payments. There’ll also be an expansion of the Fuse ecosystem including the launch of Voltage Finance 2.0, providing greater opportunities for DeFi users. The launch of Charge Web3, meanwhile, will introduce merchant payments on Fuse, and the release of RevShare Staking will allow FUSE token holders to generate additional staking rewards.
These features will be augmented in Q1 2025 when there are plans to roll out new yield-generating products that will include cross-chain opportunities centered around LSTs and RWAs. AggLayer integration, meanwhile, will improve cross-chain bridging within the Polygon ecosystem.
The transition to a zkEVM L2 will position Fuse as a scalable web3 network that can support enterprise solutions for e-commerce, payments, DeFi, RWAs, and much more. The upgrade will also provide greater opportunities for the Fuse community to participate in onchain activities including node operation and staking. This will allow its ecosystem to expand available use cases and position itself as the preeminent L2 for financial applications.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
Source: https://cryptodaily.co.uk/2024/09/payments-network-fuse-announces-ember-upgrade-and-mainnet-launch