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Fringe Finance V2 is LIVE šŸš€ Profile picture
Fringe Finance V2 is LIVE šŸš€
@fringefinance
#DeFi lending, borrowing & margin trading ecosystem Unlocking the dormant capital from all-tier assets. Join the community: https://t.co/Gq0NxncgHO
Jan 20, 2023 ā€¢ 5 tweets ā€¢ 1 min read
Atomic loan repayments will be a big differentiating factor for Fringe against established platforms like $AAVE and $COMP.

Here's what you need to know šŸ§µ Basically, we're saving you from spending time and crypto on transactions.

No more manually liquidating assets to repay your loans.

Borrowers can now use the very collateral assets that secured their loan to repay the borrowed position. This opens multiple possible strategies.
May 25, 2022 ā€¢ 11 tweets ā€¢ 4 min read
When it comes to #DeFi stablecoins, stability should be to securing a house than stacking Jenga blocks.

That said, there is more than one way to do this, and different players like Fringe, @LiquidityProtocol, or @MakerDAO use significantly different systems. Image .@MakerDAO is one of the oldest protocols around and thus a role model for many projects, including Fringe. It has undergone a few severe crises that prompted reworks and additions to its stability features.

Famously, @stablekwon promised to kill Makerā€¦ and the rest is history. Image
Apr 8, 2022 ā€¢ 6 tweets ā€¢ 3 min read
HOW TO LOSE MONEY ON #DEFI: A thread šŸ§µ

Tutorials for profiting from DeFi are a dime a dozen on Twitter.

And yet, most people manage to come out with less than they started with.

How do they do it? How can guarantee being left poor, or worse, exploited?

Here's our guide: Option #1: Abuse collateralization limits

The math is simple: If you have $500 in $ETH with a 75% LVR, you may borrow $333 at max

If ETH falls by even a cent, you will be vulnerable to fees/liquidations in this scenario.

To lose your money, always borrow as much as possible!
Apr 6, 2022 ā€¢ 10 tweets ā€¢ 4 min read
Lessons from Inverse Finance's hack.

@InverseFinance was hacked for $15 Million, which should not make anyone in #DeFi happy.

Here's a thread šŸ§µreflecting on what we (and others) can do to avoid going through the same.

More info at:
rekt.news/inverse-financā€¦

Starts herešŸ‘‡ 2/10

In short, the #exploit employed a vulnerability whereby the market price for a collateral token ( $INV) was manipulated to be higher than it should.

Why higher?šŸ§

So that the attacker could take out a collateralized loan for more than they should have.