Fringe Finance creates new opportunities for ETH-based assets

Fringe Finance creates new opportunities for ETH-based assets

Fring Finance, the next-generation DeFi lending and lending platform, has announced its integration with the native Lido DAO altcoin. This integration will allow Fringe users to take stablecoin loans and leverage $LDO without parting with their tokens.

Fringe Finance, unlocking the potential of altcoins

Fringe Finance is an innovative and inclusive DeFi lending platform that enables crypto holders to earn interest against their holdings or borrow against stablecoin collateral. Its primary lending platform also allows users to stake $FRIN tokens and earn a portion of the fees generated by the platform.

Unlike other DeFi lending platforms like Aave and Compound, Fringe allows users to stake low-liquid altcoins and use them as collateral for stablecoin loans. Holders of its native $FRIN token can also actively participate in the platform’s decision-making process. Furthermore, Fring Finance is not a stagnant protocol. It uses Chainlink Oracles to continually add new assets to the platform, thus creating more exposure for the wider crypto community.

Lido: decentralized staking without asset locking

Lido is a decentralized staking solution for ETH, SOL, Polygon, and Kasuma. Its unique ecosystem allows users to stake their tokens without locking up assets. Lido makes staked ETH 2.0 tokens liquid and usable throughout the DeFi ecosystem.

The platform is governed by $LDO – an ERC20 token that grants governance rights in Lido DAO. Lido users receive secure participation rewards in real time. When a user stakes their Ethereum token on the platform, they receive stETH (ETH staked) in a 1:1 ratio. stETH balances can be used like regular ETH on DeFi platforms for returns and other rewards.

Lido also does not require minimum deposits when betting. It solves the problems associated with the initial staking of ETH 2.0 in terms of lack of liquidity, immobility and accessibility.

Stablecoin loans and new opportunities for ETH-based assets

This integration will bring $LDO to Fringe’s primary lending platform as a type of collateral. Users will be able to leverage their $LDO positions and borrow stablecoins against the token. It will also create more opportunities for other Ethereum-based assets to come onto the platform and create broader financial reach for the DeFi community, increasing crypto adoption across the board.

This integration will be the first of many, as Fringe Finance plans to list other Lido assets on the platform shortly.

For regular updates, please visit the official website or follow Marginal Finance Y Lido Finance On twitter.

About Fringe

Fringe Finance is an inclusive platform for crypto lending and loans. It seeks to unlock idle billionaire capital locked in smaller cryptocurrencies, offering collateralized stablecoin loans secured by the latter. The platform aims to accept the widest range of altcoins as collateral on the market. The safety of user funds is guaranteed by two highly qualified smart contract auditors: CyberUnit and HashEx.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial or other advice.

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