Fringe and Kyber Network Integration
Fringe and Kyber Network integration has been announced recently. Holders are now able to use KNC to get over collateral USDC loans without the need to sell their assets — a great utility for KNC.
This time around, Fringe Finance announce its new partnership. The FRIN token is on the whitelist of the KyberSwap DEX aggregator platform. Through this, FRIN holders will be able to fully use KyberSwap to trade FRIN!
Both teams will also explore ways to utilize KyberSwap as a way to provide liquidity in more efficient ways, including the following possibilities:
- Integrating KyberSwap to swap any token into the required collateral asset that you wish to deposit to Fringe’s PLP
- FRIN liquidity on KyberSwap’s concentrated liquidity pools
- KyberDAO to consider KNC collateral loans on Fringe’s PLP to get USDC to fund operations
Fringe will also be studying further possibilities of using B.Protocol (created by Kyber co-founder Yaron Velner) as a means for liquidation optimization.
Furthermore, B. Protocol gathers users’ funds into a Backstop pool. Then uses for liquidations take place on the incorporates platform. The Backstop funds put in a yield-bearing platform between liquidations and produce passive revenue for the users.
Moreover, Fringe aims to open the dormant capital from traditional financial markets.
The Fringe Finance platform is dedicated to unlocking the capital in speculative cryptocurrency assets by providing loans collaterals by these assets. Holders of these more speculative assets who have the conviction to the upside price opportunity of their tokens can now put them to productive work instead of just waiting idly for their price to appreciate.
FRINGE FINANCE PLATTFORM OVERVIEW
Fringe Finance’s market differentiator is to provide holders of low liquidity coins with a means to act as borrowers by accessing collateralized loans of stablecoins and to mint the Fringe Finance stablecoin (USB) to use as they see fit within the broader DeFi economy.
ABOUT Fringe Finance
Fringe Finance designs to unlock the capital spread in crypto assets regardless of their capitalization and network support. Moreover, with a next generation DeFi lending & borrowing ecosystem, Fringe aims to open the dormant capital from traditional financial markets and all-tier cryptocurrencies.
ABOUT Kyber Network
Kyber Network is building a world where any token is usable anywhere. KyberSwap is a DEX aggregator and liquidity platform. It also provides the best rates for traders in DeFi and maximizes returns for liquidity providers.
