Fringe Is Partnering With IoTeX

 


This collaboration will bring IoTeX’s XRC-20 token $IOTX to the Primary Lending Facility as an accepted collateral type. Users will be able to take out loans in stablecoins and leverage their $IOTX to optimize their capital without having to abandon their positions.

What is Fringe Finance?
Fringe Finance is an all-inclusive DeFi solution for altcoin holders. Their mission is to create innovative financial tools that empower everyone to invest like a professional. The FringeFinance platform will be more than simple lending and borrowing platform: It will help both individual investors and projects lock tokens, mint stablecoins, gain exposure, access capital, and more. Bonded has already assembled a group of powerful partners, including LINK, MATIC, EGLD, UNN, REN, and numerous others, to be used as collateral types on the platform.

The Fringe platform was created to incubate and deploy experimental, high-yield, smart-contract-driven financial instruments that push the bounds of open finance. Fringe is an algorithmic model that aims to unlock, aggregate, and de-risk ~50 billion in dormant value distributed amongst untapped digital assets by allowing supporters of qualifying altcoin projects the opportunity to leverage assets and realize their value.


What is IoTeX?
IoTeX started in 2017 as an open-source project, built completely from scratch (no forks), and is a tailored fit to support Internet of Things (IoT) use cases. IoTeX was founded with a vision for the Internet of Trusted Things, a decentralized ecosystem where humans and machines can interact with guaranteed security and trust. IoTeX is on a mission to ensure everyday people and businesses can own and control their devices, as well as the data/value they generate.

By connecting the physical and digital worlds, IoTeX will democratize access to machine-backed DApps, assets, and services to deliver value to users and fuel the new machine economy. Their platform uniquely combines blockchain, secure hardware confidential computing to enable trusted data from trusted devices for use in trusted Dapps. IoTeX works closely with major IoT manufacturers, research/standards institutions, and other blockchain companies, including IEEE, the Industrial Internet Consortium, Tenvis, Nordic Semiconductor, and IPFS.



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