Details of the offer
- To add the SUSHI and xSUSHI tokens as collateral assets on Fringe Finance’s Primary Lending Platform.
Pros for SUSHI and xSUSHI:
- Extra token utility
- Reduced selling pressure on the market
- $SUSHI holders will be able to access stablecoin loans
What does Fringe Finance offer SUSHI and xSUSHI holders?
By listing Sushi and xSushi as collateral assets on Fringe, Sushi users who own these assets will be able to access USD-denominated lines of credit while benefiting from the below described features of the Fringe Finance platform.
On Fringe, borrowers deposit collateral against which they may take out loans in a select set of the most liquid and reliable USD stablecoins. The resultant benefit for borrowers on Fringe Finance is that they have access to deep, unfragmented capital pools from which to borrow. This significantly reduces both the interest rate slippage they can expect when taking out a loan, in addition to reducing interest rate volatility over the course of their loan.
Fringe’s depth and concentration of lending capital liquidity also benefits lenders, as it similarly reduces the interest rate slippage they can expect to experience when depositing capital as well as reducing fluctuations in the interest paid on their capital. This indirectly benefits borrowers, as lending on Fringe becomes more attractive, resulting in more capital being available at lower interest rates.
An additional indirect benefit for borrowers is that Fringe’s platform employs empirically sound custom algorithms to determine lending parameters so as to maximize platform stability. This attracts lenders to the platform and therefore results in greater capital available for borrowers.
Finally, Fringe Finance will very soon implement yield incentives for lenders which will allow Sushi and xSushi holders to borrow stablecoins against their capital at attractive below-market interest rates.
Fringe Finance has twice been audited by respected firms. Listing SUSHI and xSUSHI on Fringe’s Primary Lending Platform also qualifies the asset to be added as a collateral asset on Fringe’s soon-to-be-released USB Stablecoin Platform. On this platform, the Sushi community will be able to mint USB stablecoins against their assets in a way that resembles Maker.
- Approval by the SushiDAO.
- Submission of a listing application in Fringe’s Platform.
- Feedback session and discussion group upon need.
- Fringe Finance to configure Sushi and xSushi as new collateral assets.
- Mutual announcement of integration.
- Allowing Sushi and xSushi holders to take out stablecoin loans on Fringe Finance’s Primary Lending Platform represents a significant added utility.
- No additional liquidity from the Sushi Treasury is required.
- No technical implementation by Sushi is required.
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.
- Support Sushi and xSushi lending markets on FRINGE FINANCE
- DO NOT support