Fringe is integrating $SUSHI this November 4th!
Dear Fringe community members,
We’re delighted to announce our next integration. The $SUSHI token from SushiSwap will be integrated into the Primary Lending Platform as a collateral asset!
As a result, holders of $SUSHI will be able to use Fringe’s PLP to secure collateralized $USDC loans, accessing the wealth locked in their investments by leveraging their positions.
SushiSwap is an automated market maker (AMM) decentralized exchange (DEX). AMMs are decentralized exchanges that employ smart contracts to establish markets for any given pair of tokens, and they are becoming an increasingly popular tool among cryptocurrency users. $SUSHI is the governance token used to vote on platform developments. In addition, it can be staked for $xSUSHI via SushiSwap’s SushiBar to earn additional LP benefits.
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.
Founded to address what can be referred to as the “liquidity problem,” SushiSwap is a community-driven organization. It is possible to characterize this issue as the incapacity of various sources of liquidity to interact with markets in a decentralized manner and vice versa. SushiSwap’s growth is meant to produce a wider variety of network effects, in contrast to previous solutions that offer progressively progressive improvements in solving the liquidity problem. SushiSwap connects a variety of decentralized markets and tools, as opposed to focusing on just one solution.
For more information, please access their website.