Fringe to list Ocean Protocol’s $OCEAN as a lending collateral asset on Sept 19th
Dear Fringe community,
We’re thrilled to announce the integration of Ocean Protocol’s $OCEAN! This will bring $OCEAN to our Primary Lending Platform as an accepted collateral type.
In addition to purchasing and selling data as the primary form of exchange on the Ocean Market, $OCEAN is a utility token that is used for community governance and staking on data. To promote both short-term growth and long-term sustainability, its supply is distributed gradually.
$OCEAN holders will now be able to take out decentralized, permissionless $USDC loans using Fringe Finance’s Primary Lending Platform.
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.
About Ocean Protocol
Ocean Protocol is a blockchain-based ecosystem that enables both individuals and companies to effortlessly monetise their data through the use of ERC-20-compliant datatokens.
Ocean Protocol is governed by a Singapore based non-profit foundation, whose mandate is to ensure open access to the protocol and platform, provide data governance, encourage the network ecosystem growth, and take measures to ensure that the platform becomes ever more decentralized with time.