Fringe Finance: Abbreviated Introduction
Fringe Finance is a decentralized money market conceived to unlock the capital spread in crypto assets irrespective of their capitalization and supported network. Based on an innovative DeFi lending & borrowing ecosystem, Fringe aims to free the fixed capital from traditional financial markets and all-tier cryptocurrencies.
The altcoin market Fringe aims to serve is already estimated at ~$45 billion.
The primary lending platform (PLP), a central element of the project, works similarly to Compound Finance. However, its differentiating features are:
- The primary capital pool will be restricted to select stablecoins
- Primary collateral safes will accept a larger variety of tokens (tiers 0 ???? 2)
- Platform fees will be distributed as rewards to FRIN token stakers
Fringe Finance has not disclosed information about its registration with competent authorities or patent applications.
The PLP is deployed to the Ethereum blockchain but the company seeks to develop a solution integrating multi-chain assets.
The project has a detailed roadmap available for public consultation. Its initial steps have progressed: staking yield farming and USB stablecoin platform. Fringe Finance’s TVL currently stands at ~$28k.
The total supply of FRIN tokens is 1,000,000,000. Currently, there are approximately 695 million tokens in circulation. The token has been listed on DEXs and CEXs. The market capitalization of Fringe Finance is approximately $3.8 million.
The team is composed of 12 experienced entrepreneurs, developers, and managers.
Fringe Finance has limited followership across social media channels, with a presence on Twitter, Facebook, Discord, Telegram, and LinkedIn.
Want access to the full breadth of our institutional-grade reports? Join our community of institutions and investors leveraging our industry-leading intelligence to navigate the world of crypto.
This Report is for informational purposes only and/or all or any of its content thereof, should not, may not, and will not be taken to constitute, either as a whole or in part, any investment advice or recommendation or similar, regulated, or authorized advice, and D-Core by producing, disseminating, giving away, or making available this Report does not, should not, may not and will not be taken to advise on investments, or carry out any similar activity, or any regulated activity or any other authorized activity. D-Core is not authorized by the Financial Conduct Authority or by any other competent EU or elsewhere or otherwise competent authority to carry out any regulated activities and/or any activities within the scope of these authorities’ competence.
D-Core excludes and disclaims all liability and/or responsibility whatsoever and/or howsoever caused, arising out of any actions, or omissions taken, or made by any authorized and/or other recipient of this Report in reliance on, or arising out of, or in connection with any or all content of this Report. Any authorized and/or other recipient of this Report acknowledges, accepts and agrees that they carry out their own independent research and act in their own sole risk in reading or using any or all information contained in this Report. In any event, recipients of this Report are urged to seek professional advice before making any potential investment decision in relation to the project described herein. Any authorized and/or other recipient of this Report accepts this Disclaimer in full. For the avoidance of doubt, this Disclaimer is binding against any recipient of this Report whatsoever.