Fringe Finance’s Primary Lending Platform Is Now Live!

Starting from today, lenders may deposit $USDC to the Primary Lending Platform to earn interest, while borrowers may deposit their whitelisted tokens as collateral to take out $USDC loans.

The Primary Lending Platform’s launch will be celebrated with a Metaverse Yacht Party, which will start in a matter of minutes.

Collateral assets

A key part of Fringe Finance’s mission is to allow holders of a wide range of tokens to optimize their capital. Today’s initial release is the start of a journey whereby the PLP will progressively add support for a long list of tokens as collateral. For our initial Mainnet release, the following collateral assets will be supported by the PLP:

  1. $MATIC
  2. $LINK
  3. $TOMOE (ERC-20 $TOMO)
  4. $REN
  5. $IOTX
  6. $BNT
  7. $OGN

Each month we will announce support for additional sets of collateral assets.

Roadmap — the start of a beautiful journey

Today’s delivery of the first iteration of the Primary Lending platform is the beginning of a journey that will roll out a roadmap of valuable functionalities for the DeFi community and for $FRIN token holders. While all implementations will depend on a cost-benefit analysis, the Fringe roadmap proposes the following:

  • Staking & Yield Farming Platform
  • USB Stablecoin Platform
  • Fixed interest lending and borrowing
  • Borrowing against NFTs
  • Support for other Layer-1 and Layer-2 chains
  • Fully decentralized UI
  • Fully decentralized backend
  • Handover of Fringe Finance to a decentralized DAO
  • Insurance for lenders and borrowers

We are already well advanced in the development of our Staking & Yield Farming Platform as well as our USB Stablecoin Platform. When our Staking Platform is released, amongst other staking opportunities, lenders will be able to stake their interest-bearing fTokens from the Primary Lending Platform to temporarily receive extra yield farming rewards.

Fringe Finance — DeFi for Everyone (™)

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.

Read our whitepaper, join our Telegram or follow us on Twitter!

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