Fringe Finance is integrating $wETH for stablecoin loans this October 21st!
Dear Fringe community,
It’s with great joy that we announce our integration of wrapped Ether ($wETH)! Thanks to this integration, users will be able to leverage their $wETH holdings, taking out stablecoin loans to maximize their assets while still keeping their $wETH.
$wETH is an ERC-20 token pegged to the price of Ether ($ETH). $wETH has a wider range of use cases than $ETH and is incredibly popular in the DeFi ecosystem. It’s also issued by a decentralized smart contract, so it does not have a centralized issuer like other wrapped tokens.
$ETH isn’t listed because it was the proto-token of the Ethereum Alt tokens, which means that it was built before the ERC-20 standard existed. This is why users need $wETH to be able to trade $ETH for other ERC-20 tokens.
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.
Ethereum is a technology for building apps and organizations, holding assets, transacting and communicating without being controlled by a central authority. There is no need to hand over all your personal details to use Ethereum — you keep control of your own data and what is being shared. Ethereum has its own cryptocurrency, Ether, which is used to pay for certain activities on the Ethereum network.
For more information, please access their website.