Fringe Staking
Last updated
Last updated
Fringe Staking aims to offer rewards for staking of various assets to incentivize token holding and staking to benefit the Fringe ecosystem and community. Staking assets will include FRIN tokens, relevant liquidity provider tokens, fTokens (Fringe Finance’s interest-bearing tokens received by lenders) and others.
Staking rewards will be offered variously in relation to both long-term and short-term staking incentivization schemes. FRIN token holders can opt to stake their FRIN tokens to receive rewards. FRIN Stakers will also be able to participate in directing the evolution of the platform via voting for DAO proposals.
Fringe Staking interactions are depicted in the following diagram:
Rewards are paid from the Rewards Pool for each staking asset. The Rewards Pools are funded in various ways, including from the Fringe Treasury and by partners wishing to incentivize awareness of their project.
Rewards are paid as follows:
Actor
Staking Asset
Rewards Asset
Description
Source of Rewards
FRIN holders
$FRIN
Other
tokens
from
partner
projects
Receives a share of fees collected by the platform.
Permanent rewards scheme.
Will allow voting on governance proposals once the Fringe
DAO is live.
Treasury
Platform fees pool
$FRIN
Project token rewards periodically offered to $FRIN stakers
(in addition to $FRIN rewards).
There will be support for multiple project token rewards
Pools.
(** future - once multi-asset rewards capabilities are live.)
Funded by partner
projects.
Lenders
fTokens
$FRIN
To bootstrap and incentivize adoption, lenders stake their
fTokens to receive $FRIN rewards in addition to the interest
they receive on their fTokens.
Periodic rewards scheme.
Treasury
Liquidity providers
FRIN markets LP tokens (e.g. UniV2 ERC20 LP tokens)
$FRIN
Periodically incentivizing liquidity providers to external trading markets.
Liquidity providers stake LP tokens and receive $FRIN rewards. e.g. UniV2 ERC20 LP tokens.
For example, incentivize $FRIN markets. Alternatively, incentivizing trading markets for any token we list as collateral. This latter example is to sustain the debt limit lending parameter for a collateral token as may be required.
Treasury
Fixed interest LP tokens
$FRIN
Fringe may wish to provide Incentives for LP providers to supply liquidity to markets related to Fringe’s upcoming fixed interest solution.
Treasury
USB holders
$USB
$USB
USB savers receive rewards in $USB for staking ("saving") their USB stablecoins.
Note: the term ‘saver’ (rather than “staker”) is intentionally
used given the user can use the USB Saver facility to earn
interest on their USB. This is akin to “staking” but occurs via
the USB Saving facility.
Permanent rewards scheme.
Interest paid by borrowers on their loans on USB Savings.
$FRIN
To bootstrap and incentivize adoption, $USB stakers receive $FRIN tokens in addition to interest for saving USB stablecoins.
Treasury