The Fringe Finance platform is designed to unlock capital in speculative cryptocurrency assets by providing loans secured by those assets. Holders of these more speculative assets, who are convinced that the price of their tokens can rise, can make them work productively instead of just waiting for their price to rise.
About Fringe Finance
Fringe Finance solves problems by accepting a large number of small altcoin assets as collateral for stablecoin loans. While these smaller altcoins are often more volatile than larger, more popular coins, FringeFinance uses a variety of borrowing options and related mechanisms to keep the platform stable and financially secure.
They will provide a platform with many features to serve the growing crypto economy. The Fringe Finance platform will adapt in a sustainable manner by delegating control to the Fringe Finance DAO so that its community of stakeholders can best shape its future direction to best fit the community.
The Fringe Finance platform offers the following undeniable benefits for various participants:
| Creditor | Creditors— wealthy individuals or holders of stablecoins who want to receive more attractive interest rates than they can get in the traditional banking system. |
| Borrower | Borrowers, who are convinced that the price of their assets can rise, can make them productive, rather than just waiting for their price to rise, by borrowing in stablecoins on a major lending platform. |
| USB-staker | Any participant in the crypto economy who owns a USB stablecoin can stake their USB drives in a staking system to receive interest payments. |
FringeFinance's market difference - to provide coin holders with low liquidity the ability to act as borrowers by accessing collateralized stablecoin loans and minting FringeFinance (USB) stablecoins to use at will in the wider DeFi economy.
More about defi app
Instead of making $FRIN solely an ERC-20 token, the developers will make a small change. This uses the DS ERC20 token standard, used by the MakerDAO MKR Governance Token. This is to allow stablecoin stability mechanisms similar to those used by Maker to stabilize DAI.
DS ERC20 tokens allow Fringe to mint and burn governance tokens from the treasury. You can get more information through the blog on the Medium site. There are articles with news and much more. The smart contract doesn't have an audit.