Fringe Finance: Expanding DeFi Horizons on Base

Unlocking capital for ERC 4626, LP tokens and memecoin holders

Fringe Finance is excited to announce its launch on Base on December 20th, 2024!

We will bring advanced features and unique use cases to the decentralized finance (DeFi) community. Released on September 24th, 2024, this version enhances margin trading and lending functionalities, expanding user possibilities and improving capital efficiency. The update also integrates support for LP (Liquidity Provider) tokens, ERC4626 tokens, and select memecoins, allowing for a broader range of assets and strategies on the platform.

Access it here: app.fringe.fi

Available assets at launch

Fringe Finance launch will support a strong selection of assets from partner protocols, which can be divided into the following categories:

• Stablecoins: USDC, USDT, EURC
• Major: ETH, cbETH, cbBTC, tBTC, wstETH
• DeFi, Gaming tokens: MAVIA, AERO
• LP Tokens: USDC/AERO
• ERC4626 Tokens: jUSDC
• Memecoins: BRETT, DEGEN

These additions address multiple user needs, offering access to previously hard-to-reach markets on DeFi platforms.

Unique Features of Fringe Finance for Base

Fringe Finance V2.5 introduces several unique features that enable new strategies and enhance user experience on the Base platform:

Amplify

Fringe’s Amplify feature allows users to gain leveraged exposure to supported assets, including LP tokens, ERC4626 tokens, and memecoins. By amplifying their holdings, users can increase their potential gains on both traditional DeFi assets and newer, more volatile token types.

Key Benefits:

• Increased Exposure: Users can gain additional exposure to assets without additional upfront capital.
• Yield Optimization: Amplified positions on yield-bearing tokens (e.g., ERC4626) maximize yield opportunities.

Margin Trading

With margin trading capabilities, Fringe Finance users can position themselves for asset price movements with leverage, offering DeFi enthusiasts and professional traders a way to access sophisticated trading strategies traditionally available only in centralized finance.

Key Benefits:

• Broader Asset Choices: Ability to use LP, ERC4626 tokens, and memecoins as margin collateral.
• Leverage Flexibility: Increase capital efficiency and potential profit margins through leveraged positions.

New Asset Types

Fringe Finance’s V2.5 launch on Base introduces support for unique asset types, expanding beyond traditional DeFi assets. Here’s a quick overview of why these assets can now be listed on Fringe:

1. LP Tokens: By allowing users to utilize LP tokens as collateral, Fringe opens up options for liquidity providers to extract more value from their holdings. Previously, LP tokens were often underutilized due to a lack of borrowing or leverage options.
2. Memecoins: Improved price handling and support for assets with lower market prices enable Fringe to list memecoins securely. This integration meets the demand for high-risk, high-reward asset trading.
3. ERC4626 Tokens: Supporting the ERC4626 standard facilitates yield-generating strategies for users with yield-bearing assets. This token type opens up isolated yield opportunities, enabling users to benefit from the yield of vault tokens without price exposure to underlying assets.

These asset types empower various users, from liquidity providers to memecoin enthusiasts, to engage in diverse financial strategies on Fringe Finance.

Summary

The Fringe Finance V2.5 brings new functionalities to the Base DeFi landscape. By integrating LP tokens, ERC4626 tokens, and memecoins, Fringe enables users to explore advanced financial strategies previously unavailable in DeFi. Key benefits of the update include:

• Enhanced Capital Efficiency: Leverage and margin trading enable users to maximize the utility of their assets.
• Broader User Appeal: Diverse assets attract different user groups, from risk managers to yield farmers and speculative traders.
• Increased Platform Stability and Security: Advanced liquidation and oracle features provide a more secure and reliable environment for users.

Fringe Finance continues to push DeFi innovation forward, empowering users with flexible financial tools on Base and expanding the possibilities of decentralized finance. Join Fringe Finance as it pioneers accessible, user-friendly DeFi solutions for all!