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.
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.