Fringe Finance FRINPrice $ 0.000163

Fringe Finance platform was created to incubate and deploy experimental, high-yield, smart-contract driven, financial instruments that push the bounds of open finance. Fringe Finance is an algorithmic model that aims to unlock, aggregate, and de-risk ~50 billion in dormant value distributed amongst untapped digital assets. Fringe Finance platform consists of the following facilities:

• Primary Lending Platform: A facility where lenders loan out their stablecoins and where borrowers borrow stablecoins against their altcoin collateral
• USB Stablecoin Platform: A facility where borrowers mint and borrow stablecoins against their altcoin collateral and where USB stablecoin holders can stake USB to earn interest
• The FRIN Staking & Rewards Platform: Where FRIN token holders can stake their FRIN to earn rewards from the fees collected by the Fringe Finance platform
• Yield farming incentives: To temporarily help kick-start the platform’s adoption.