Currently, Fringe is in the process of deploying the full stack of releases for v2 of Fringe Finance. All the platform improvements and smart contracts for v2 are being audited by HashEx, a highly respected firm, and auditors of v1.
v2 will be released in two parts: v2.1 and v2.2. This is to ensure a calculated roll-out of all our new features.
The links below will navigate you to each respective version:
After its v2 release in 2023, Fringe will introduce a number of new features, with the goal of enhancing its overall utility and security. These are:
Fringe's v2 will support multiple chains, including Ethereum, zkSync, Polygon, Optimism, and Arbitrum. Fringe’s ultimate goal is to enable users to borrow, lend, and collateralize loans across different chains, boosting Fringe’s accessibility across the DeFi ecosystem.
Fringe will offer a fully decentralized stablecoin, $USB. User-minted and backed by a wide basket of altcoins, USB will be a censorship-resistant stablecoin.
USB Staking (aka USB Savings Accounts) will provide an opportunity for USB token holders to earn passive income by staking their tokens and participating in the USB Stablecoin ecosystem. This will incentivize users to contribute to the stability and liquidity of the platform.
Open-source frontend codebase:
We plan to enhance Fringe’s censorship resistance by open-sourcing our frontend codebase and implementing a trust minimization strategy. The end goal is for the Fringe DAO to take control of the platform, ensuring its governance is decentralized and community-driven.
To cater to the needs of traders, Fringe will introduce two leveraged trading facilities in v2. Amplify will allow users to multiply their exposure to their chosen assets through leverage, while Margin will enable users to go long/short on any available asset pair. These offerings will enhance trading opportunities and strategies within the Fringe ecosystem.
Staking the $FRIN token will enable users to earn a share of the fees collected by the Fringe platform. This incentivizes $FRIN holders to moderate the use and distribution of network fees while providing them with a source of passive income.
DeFi for everyone:
Fringe's overarching objective is to enable participation in DeFi for both lesser-known assets and well-established coins. Fringe welcomes retail users, DAOs, and whales alike, offering fully permissionless and lucrative opportunities for all.
By expanding access to decentralized finance, we seek to bridge the gap between incumbent platforms that primarily support large-cap tokens and smaller altcoins with significant value.