Monthly Update: July 2023
$FRIN community,
While the audit for v2 progresses, work doesn’t stop for us. As you all know by now, we’ve begun laying the groundwork for Fringe v3 and designed the release schedule and UI components for v2, which we’ll be releasing in two parts, v2.1 and v2.2. This allows us to roll out our new features in a more calculated and controlled manner.
This month, we also released a detailed breakdown of our innovative new price oracle model, a long-awaited feature for Fringe, along with other educational materials and improved documentation.
Let’s take a look at everything that happened in July.
Tech Updates
Audit still underway
As we mentioned in the intro, the audit for v2 continues. We have a large set of in-scope items for this audit, including some fundamental changes to Fringe to add significant new utility to the platform.
In time, we will publish a detailed report describing how we treat each finding from the auditors. With all items resolved or otherwise addressed, we will also open-source our smart contracts’ code.
v3 features development
Development and testing continue for Fringe v3’s pooled collateral and the revamped v3 UI. As mentioned last month, the new UI design is a major refit, and we’re testing it in detail. We believe it brings a new level of intuitiveness to our dApp that will help boost user adoption.
New price oracle model revealed
After months of planning and development, we are proud to formally announce Fringe’s new price oracle model! This development, once applied, will greatly enhance the security and reliability of the Fringe platform and provide greater protection from possible attacks.
The enhanced price oracle model brings a host of benefits (click for full article) to both users and the Fringe platform itself. It is a significant step forward that will enable us to list more assets on the platform, getting us closer to our vision of DeFi for Everyone and further differentiating the platform.
Previewing new features
This month, we presented a preview of our multisig functionalities! Fringe’s multisig DAO wallets provide a higher level of security and enable more efficient management of a DAO’s resources, empowering DAOs with greater control and flexibility over their treasuries.
Check out this video by our CTO, Brian Pasfield, for a demo of Fringe’s multisig wallets for DAOs, powered by WalletConnect.
Soon, we will also release an article explaining how you will be able to use Fringe with WalletConnect.
We’re also unveiling how borrowing capital works in v2! In addition to its attack-resistant decentralized back-end, atomic loan repayments, and partial liquidations to protect borrowers from volatility, v2 supports LP tokens for lending and borrowing and features dynamic interest rates for optimal returns.
Watch our CTO, Brian Pasfield, demoing Fringe Lending’s new features:
Ecosystem Updates
Decentralize It! Podcast
We hosted a podcast with Eitan Katchka of RiskDAO and b.protocoleth. We talked about the dynamics of managing and assessing risk in DeFi, particularly in the lending space. Give it a listen.
We also participated in an AMA hosted by Altcoin Edge, where we discussed how Fringe unlocks the dormant capital in microcaps and altcoins for lending, borrowing & trading:
Finally, we‘re hosting an upcoming Twitter Spaces on August 2nd with Red Foreman from Harvest Finance. Set your reminders, and join us for an insightful conversation on yield farming through a bear season: https://twitter.com/fringefinance/status/1685967209523449857
Explain Fringe to your Frens
To v2 & beyond! We’re rolling out new features in three subsequent releases. This way, we can ensure a smooth and controlled integration of all new features.
We’ve created some valuable graphics that give you a snapshot of everything coming to Fringe in v2.1, v2.2 and v3.
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.
