# v1 (deprecating)

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)](https://docs.fringe.fi/v2-fringe-finance-platform-docs/fringe-lending) 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.

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