Fringe Finance integrates Lido. This will bring $LDO to their Primary Lending Platform as collateral type. Users will be able to take out stablecoin loans and leverage their $LDO positions without needing to sell their tokens. $LDO is Lido DAO’s governance token.
Both projects will also continue to collaborate towards eventually listing other Lido assets.
About Fringe Finance
Fringe Finance is a decentralized money market designed to unlock the capital spread in crypto assets regardless of their capitalization and supported network. With a next-generation DeFi lending & borrowing ecosystem, Fringe aims to unlock the dormant capital from traditional financial markets and all-tier cryptocurrencies.
About Lido
Lido is a liquid staking solution for ETH, SOL, Kusama, and Polygon backed by industry-leading staking providers. Users can stake their tokens — without locking assets or maintaining infrastructure — whilst participating in on-chain activities, e.g., lending.
Lido attempts to solve the problems associated with initial ETH 2.0 staking. Illiquidity, immovability, and accessibility — making staked tokens liquid and usable across the growing DeFi ecosystems.
LDO an Ethereum-based token granting governance rights across the Lido DAO. The Lido DAO governs a set of liquid staking protocols, decides on key parameters (e.g., fees), and executes protocol upgrades to ensure efficiency and stability.
