We’re thrilled to announce our latest integration! On August 5th, Decentraland’s $MANA will arrive at the Primary Lending Platform as a collateral type. Users will be able to take out stablecoin loans and leverage their $MANA positions without needing to sell their tokens.
$MANA is an ERC-20 token used to buy and sell things on the Metaverse platform, Decentraland. Every item on the platform’s marketplace is priced in MANA, including land.
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.
Decentraland is a 3D virtual world browser-based platform. Users may buy virtual plots of land in the platform as NFTs via the MANA cryptocurrency, which uses the Ethereum blockchain. It was opened to the public in February 2020, and is overseen by the nonprofit Decentraland Foundation.