Fringe Finance: November 2024 Monthly Update
Fringe Finance continues to make significant strides in November 2024, with key updates across development, asset listings, partnerships, and marketing initiatives. As the platform scales, it cements its position as a critical player in the decentralized finance (DeFi) space, delivering enhanced user experiences and exploring new opportunities for growth.
Development Milestones
Improved Performance with Base Deployment
This month, Fringe Finance achieved a major performance upgrade by reducing the number of Remote Procedure Calls (RPCs) from 27 to just 6. This optimization significantly speeds up loading times for the Borrow UI and will be applied across other interfaces, including Lend, Amplify, and Margin Trade pages.
While testing on the Base deployment continues, the go-live date has yet to be announced. On the launch date, all assets except those reliant on the UniV3 Base price feed (still under resolution) will go live simultaneously.
Fringe V3: Audit RFP
We are sourcing audit firms to review our code. As a reminder, this upgrade will introduce pooled collateral and other improvements (detailed in the article released last week), and a proper audit is mandatory to ensure a smooth and secure launch.
Other fixes
The asset landing page (ALP) was also optimized to improve user navigation and overall experience.
Marketing and Content
DevCon
We attended DevCon and met several teams there, and our focus was our upcoming v3 launch. Several meetings happened in the following weeks, highlighting the importance of building these connections within the Web3 community.
Fringe v3
Last week, we published an article that shared an overview of our next product: Fringe v3. We invite you to read it to stay in the loop about where Fringe is going next.
Going Long with Amplify
Using Fringe to improve the returns of a long strategy is a no-brainer. Follow the steps detailed in the thread below to increase your exposure easily.
Several markets with good returns for lenders
As platform utilisation increases, lenders' returns also get better! November consistently saw high numbers. Look at app.fringe.fi/lend and deposit now.
Closing Thoughts
Despite no major deployments, November 2024 has been a month of substantial progress and increased utilisation for Fringe Finance. The platform is well-positioned for an expansion phase of continued growth.
As the year ends, Fringe remains committed to delivering cutting-edge DeFi solutions and expanding our presence across multiple blockchain ecosystems.
Stay tuned for more updates — Fringe Finance, DeFi for everyone!
