Fringe Finance FRIN

1. Summary

Ranks

Liquidity

64

Developer

-

Social

74

Momentum (beta)

25

Stack Rank™

-

Price

$0.000837020000 -0.1%

Market Cap

$836,035.00 (#2969)

Supply

1.00B / 1.00B

Tags

DeFi Lending/Borrowing Finance / Banking Ethereum Ecosystem

More Metrics

Price
52W High price	$0.01
52W High date	8th Jan 2024 (6 months ago)
All Time High (ATH) Date	13th Mar 2021 (3 years ago)
ATH Price	$0.08
% From ATH	-97.16%
All Time Low (ATL) Date	1st Sep 2023 (10 months ago)
ATL Price	$0.000777060000
% From ATL	199.91%

Supply & Trading Volume
Trading Volume (24h)	$144,801.00
Total Supply	1.00B
Circulating Supply	1.00B

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Description

Fringe Finance is a decentralized money market designed to unlock the capital spread in crypto assets regardless of their capitalization and supported network. It provides a next-generation DeFi lending and borrowing ecosystem to unlock dormant capital from traditional financial markets and all-tier cryptocurrencies.

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Fringe Finance is a decentralized money market designed to unlock the capital spread in crypto assets regardless of their capitalization and supported network. It provides a next-generation DeFi lending and borrowing ecosystem to unlock dormant capital from traditional financial markets and all-tier cryptocurrencies.

Key Features

• Multi-Asset Support: Fringe Finance accepts over 150 assets across five chains as collateral for loans, including smaller altcoins often overlooked by other DeFi platforms.
• Advanced Security: Fringe Finance does not rehypothecate collateral used to secure borrowing, providing greater security for lenders in the event of market downturns and maintaining control for borrowers' collateral assets.
• Enhanced Price Stability: The platform uses a market-manipulation-resistant price stability model to protect against market price manipulation and ensure reliable pricing.
• Margin Trading: Fringe Finance offers spot margin trading facilities with reduced price impacts for traders taking leveraged positions.
• Staking & Rewards: Users can stake FRIN tokens in the Staking Pool to earn rewards from fees collected by the Fringe ecosystem.
• USB Stablecoin Platform: Fringe Finance provides a stablecoin platform pegged to the US Dollar, allowing users to mint and manage stablecoin investments.
• Future Development: The platform has announced future features such as cross-chain collateralization, fixed-interest loans, a truly decentralized UI, and embedded DeFi insurance.

Goals

• Unlocking Dormant Capital: Fringe Finance aims to aggregate and unlock value distributed amongst untapped digital assets.
• Improving DeFi Ecosystem: The platform is committed to providing robust, cost-efficient, and secure solutions for a diverse range of users.

Platform Details

• Fringe Finance Token (FRIN): FRIN is the native token used in the Fringe Finance ecosystem.
• Governance: The platform is transitioning governance to the Fringe Finance DAO, allowing stakeholders to guide its future direction.

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