We have listed ShapeShift $FOX as an accepted collateral type!
Dear Fringe community members,
We are pleased to reveal our most recent integration. ShapeShift’s FOX token is now available as a collateral asset in the Primary Lending Platform!
As a result, $FOX holders can now obtain collateralized $USDC loans on Fringe’s Lending Platform. $FOX holders can now leverage their positions and access the value locked in their holdings.
$FOX, ShapeShift’s native token, governs the ShapeShift DAO and offers liquidity farming opportunities.
The Fringe Finance team was also invited to join ShapeShift’s next Tokenomics Discord Call on August 2nd, 10:00 PM GMT to present this alternative to ShapeShift’s community. We’ll see you there tomorrow!
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.
ShapeShift is a cryptocurrency exchange founded in 2014. After being pressured by regulations to add KYC requirements in 2018, ShapeShift decided to transition into a KYC-less self-custodial DEX with zero fees. Shapeshift works as a DEX aggregator, selecting the DEX route that costs the least to the user. Its platform also features an interface to access and control DeFi investments, and integration with fiat on-ramps such as JunoPay, Banxa, and GEM.
Shapeshift also runs CoinCap.io, a cryptocurrency market data platform, and KeepKey, a cryptocurrency hardware wallet. $FOX is ShapeShift’s governance token, controlling the ShapeShift DAO and offering liquidity farming opportunities.