> For the complete documentation index, see [llms.txt](https://docs.fringe.fi/v2-fringe-finance-platform-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.fringe.fi/v2-fringe-finance-platform-docs/product-versions/v1-deprecating.md).

# 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)](/v2-fringe-finance-platform-docs/fringe-lending/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>