zachrosen23

Taken from www.brellium.com

https://imgur.com/HoZj2qi

Correct. The liquidity pool is a smart contract that accepts collateral + trade and stores liquidation threshold. If collateral ratio falls, a bot can trigger liquidation by calling smart contract, smart contract verifies that threshold has been breached, and if so will liquidate collateral to buy back asset.

Liquidity pool holds token X. User decides to short token X. Pool collects collateral from user, then market sells token X. User can buy token X back and return to pool at any time. If not returned and liquidation threshold reached, off-chain bot triggers liquidation for a % reward.

USDC. Audited + backed by cash and US treasuries

Thanks! Fixed!

Both. FedNow is promising! Excited to give it a try when it goes live. If we can't build + distribute a product better than the federal reserve, we've got bigger problems :)

Definitely could if you're more technical (not our customer segment). Also want to note that receiver can either keep funds in Fortress or just route to their usual bank account.

Sounds really cool!

Fully backed stablecoins are redeemable from their issuer 1:1, regardless of what they're trading at on secondary markets

Thanks! Fortress can also slot into legacy infrastructure. Finality guarantee is also actually stronger with a stablecoin payment (cryptographically irreversible) vs a wire (99.9% irreversible, absent a bank mistake or court order).

Built on blockchain rails. Works like a 1-click bundle of debit sender account --> buy stablecoin --> send stablecoin --> (optionally) convert to fiat and disburse to receiver bank.

Running a trading company, I send and receive a lot of wires. When wiring a few times a year, the $30-$75/wire fee is annoying but doable. Since we send dozens a month, we rack up $1k+/mo just in fees.

Tried switching banks and sending ACH’s / Zelles whenever possible. Nothing let us move large amounts quickly and cheaply.

Why on earth does it cost so much and take so long to move my money? There’s got to be a better way, right?

Turns out, there’s not. So we built [Fortress](www.tryfortress.com) - it’s a platform that lets you send instant wires for $1, 24/7/365. Meaning, your monthly wire fee bill is decreased by 97%.

You simply connect your bank account, select a sender, and confirm your transfer. That’s it—funds are instantly available in your vendor’s account.

If you have any specific recommendations, just comment below. Would love to hear what you guys think!

Thanks!