Fringe Finance is very proud to announce that the first release of the non-custodial Primary Lending Platform (PLP) will be finished and live on the Ethereum Mainnet for public access on June 24th, at 11:00 PM GMT. Starting from this date, lenders may deposit $USDC to the Primary Lending Platform…

After undertaking a number of rounds of smart contract audits, code rework, and audit rechecks, Fringe Finance can now release its final audit findings and position. Below, you can find some details about the auditing process, as well as links to the results. Smart contract audit firms The smart contract…

As we announced a couple of days ago, we continue our progress as the Primary Lending Platform shapes up in the Ethereum Mainnet. Along with our partners at CyberUnit, we have completed the following activities: Deploying all our smart contracts to the Ethereum Mainnet. All the smart contracts associated with…

Dear Fringe community, We have finished resolving and re-auditing the withstanding items from our last assessment. We can now confidently deploy the Primary Lending Platform’s smart contracts into Mainnet. This deployment will happen progressively over the following days, starting on Thursday, May 26th (Australia). After finishing it: The Fringe Finance…

Action and Ambition: Today we have with us Brian Pasfield. He has nearly ten years of experience developing financial technologies as a software engineer. As CTO of Fringe Finance, he and his team seek to unlock the billions of dormant capital tied up in cryptocurrencies by offering loans guaranteed by…

Dear Fringe community, As some of you have noticed, this month, we’ve been endlessly testing and re-testing the Primary Lending Platform’s Testnet. …

This is Part 2 of our latest Telegram AMA. Thanks for submitting your questions! Questions start here: What happens if no one is willing to liquidate a position? Although this is unlikely (liquidating is money up for grabs), we may even temporarily act as a liquidator of last resort. We can also adjust Liquidator Rewards as required to attract liquidators. A constant monitoring of…

You ask, we answer. And sometimes, like this one, you ask so much that we have to take a break in between answers. This is only Part 1 of our latest Telegram AMA, so stay tuned to get the rest of our answers to your questions! Questions start here Do we have any specific marketing goals in terms of traffic to our site? Website traffic isn’t exactly…

2022 - Alex Pasfield, Brian Pasfield. Introduction This document describes the modeling that is applied to arrive at the lending parameters for each collateral asset on Fringe Finance’s Primary Lending Platform. The key parameters for each collateral asset are as follows: Liquidator Reward Percentage (LRP) Maximum Borrowing Capacity (MBC) Loan-to-Value Ratio…