We are pleased to announce that we plan on integrating UMA as our final listing this month! This means you’ll be able to use $UMA as a collateral to borrow $USDC on Fringe’s Primary Lending Platform.
UMA is an optimistic oracle (OO) capable of storing any verifiable truth on a blockchain. UMA’s OO protects a wide range of web3 applications, such as cross-chain bridges, insurance protocols, prediction markets, and customizable DAO tooling products.
In September 2022, there was a supply of 108,858,567 $UMA tokens with 68,947,415 in circulation.
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.
UMA is an optimistic oracle and dispute arbitration system that securely allows for arbitrary types of data to be brought on-chain. UMA’s oracle system provides data for projects including a cross-chain bridge, insurance protocols, custom derivatives and prediction markets.
For more information on UMA, please visit their website.