We are excited to announce to our community this upcoming integration!
Frax Protocol’s $FXS will be featured as a collateral type n our Primary Lending Platform starting Sept 14th. This will allow users to get collateralized $USDC loans against their $FXS holdings.
$FXS is Frax Protocol’s governance token, the token gives ecosystem participants access to “fees, seigniorage income, and excess collateral value accruing.”
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 Frax Finance
The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain — currently implemented on Ethereum. The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC.