Fringe Finance has listed Gitcoin’s $GTC as a collateral asset for lending!

Dear Fringe community,

We have integrated Gitcoin’s $GTC into our primary lending platform as a valid collateral type. Users are now able to take out stablecoin loans and leverage their $GTC positions, allowing them to optimize their assets while preserving their $GTC.

$GTC is Gitcoin’s governance token. Launched in late May 2021, the token is required for the construction and funding of the DAO that governs Gitcoin. It has a total supply of 100,000,000 tokens. 15% is set aside for a retroactive airdrop, while 50% is in the Gitcoin DAO.

About Fringe Finance

Fringe Finance is a decentralized money market designed to unlock the capital spread in crypto assets regardless of their capitalization and supported network. With a next-generation DeFi lending & borrowing ecosystem, Fringe aims to unlock the dormant capital from traditional financial markets and all-tier cryptocurrencies.

For more information on Fringe Finance, visit our website.

About Gitcoin

Gitcoin is the community of builders, creators, and protocols at the center of open web ecosystems. They are on a mission to build an internet that is open source, collaborative, and economically empowering. Creating a community and infrastructure for Web 3 — a diverse range of tools, technologies, and networks that enable people to work for the open internet.

For information on Gitcoin, access their website.