# v1 (current)

Fringe v1 features a combination of essential DeFi lending primitives. It allows lenders the ability to deposit their $USDC as a capital asset and gives users the option to borrow against 40+ collateral assets — all on the Ethereum Mainnet.

We [announced](https://fringefinance.medium.com/mainnet-live-announcement-4ab3070a0899) the first release of Fringe’s non-custodial [Primary Lending Platform (PLP)](/fringe-finance-docs/plp/fringe-lending.md) on the Ethereum Mainnet for public access on June 24th 2022.

Starting from this date, lenders may deposit $USDC to the Primary Lending Platform to earn interest, while borrowers may deposit their whitelisted tokens as collateral to take out $USDC loans.

<figure><img src="https://lh4.googleusercontent.com/Qs4MazrOrnN7Y1XLeC7RP2iqPyIMrruWrmqr4mLprMDx3-pqBvsiTW53MSmbKpTk4cckLgkE-J4eSS25wOqDB9RCKvM7tcbKphOoiR7UuNpJJlBUvrNaRWdULjPr55H38d8o49WIVRP_RfGsxQAgLvU" alt=""><figcaption></figcaption></figure>


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