Fringe Finance
Crypto Overview
Overview
Fringe Finance is a decentralized lending platform that aims to unlock the lending potential of crypto assets typically considered too volatile or low-cap for traditional DeFi lending platforms. The platform allows users to use these altcoins as collateral for borrowing stablecoins.
Purpose and Utility
The FRIN token serves as a governance token for the Fringe Finance protocol. Token holders can participate in protocol governance decisions and receive a share of platform fees. The token is also used for staking to earn platform rewards.
Business Model Analysis
The core business model revolves around lending and borrowing, which involves interest-based transactions. The protocol generates revenue through lending fees and liquidation fees. This model fundamentally relies on interest-bearing mechanisms.
Development and Adoption
The project shows active development on GitHub and has established partnerships with various blockchain projects. However, the primary utility remains centered around lending and borrowing activities.
Token Distribution
The token distribution includes allocations for the team, advisors, and early investors, with vesting periods in place. The project maintains transparency regarding token allocations and vesting schedules.
Crypto Impact
To assign a comfort level investing in Fringe Finance from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Fringe Finance.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.