Fringe Finance is launching an incentive program for $APE lenders on March 5

Fringe Finance has introduced its V2 platform and is initiating the incentive program to kickstart adoption on March 5. With this program, you’ll be able to earn triple rewards:

  1. From $APE token growth
  2. Lender interest
  3. Rewards from the program.

This post explores why depositing funds on Fringe Finance can be lucrative for $APE token holders, drawing insights from the platform’s incentive program and the new features introduced in V2.

V2 Features: Expanding Opportunities for $APE Token Holders

The launch of Fringe Finance V2 introduces several key features that enhance the platform’s appeal to $APE token holders:

Margin Trade and Amplify: Beyond traditional lending and borrowing, V2 offers leveraged trading facilities, allowing users to amplify their exposure to supported crypto assets, including $APE. This means $APE token holders can leverage their holdings to engage in strategic trades and potentially increase their returns.

Revolutionary Interest Rate Model: The new interest rate model dynamically adjusts rates to maintain optimal utilization, maximising lender revenue and minimising borrower costs. This model benefits $APE token holders by potentially offering higher yields on their deposits.

Repay Using Collateral: V2 allows users to repay loans and margin trade positions using the position’s collateral. This feature provides flexibility for $APE token holders, enabling them to manage their investments more efficiently.

Expanded Asset Availability: Fringe Finance V2 supports a wide range of assets across multiple chains, including $APE on the Ethereum, Polygon network. This broad asset support, combined with features like multi-asset lending and integration of advanced price feeds, opens up new avenues for $APE token holders to diversify their DeFi activities and enhance their earning potential.

Incentive Program: A Catalyst for Lender Profits

This program directly rewards lenders for their deposits, creating a cycle that benefits all participants in the ecosystem.

The incentive program is structured around five lender Total Value Locked (TVL) milestones, with rewards issued as each target is met and sustained.

The rewards, issued in FRIN tokens, are calculated based on the proportion of interest earned by a lender’s deposits relative to the total interest earned on the platform. This approach ensures that the more capital a lender contributes and the longer they participate, the greater their potential rewards.

Read more:

Fringe Finance. DeFi for Everyone

15 Likes

This is a new idea because according to your concepts the longer someone is involved in the ecosystem the more rewards they receive which encourages them to stay involved even longer and its definitely a clever way to create a self sustaining ecosystem which could really help to drive the growth of the community

8 Likes

Hi,

Really encouraging to see new players entering the DAO forum - offering options for leveraging apecoin.

There’s really only one negative for me and that’s the issue of losing my voting power.

So my question has to be are there any plans to address this? (AIP-310 which passed is a comparable example.)

If there was anyway to resolve this then undoubtedly I’d be a user.

Thanks and GL

4 Likes

Fringe Finance V2 is a game-changer for $APE holders! Leveraged trading, dynamic interest rates, and expanded asset options create a lucrative environment. Triple rewards make it a win-win for the community. Ready to amplify gains

4 Likes

It’s nice if old members have more stakes and rewards on the platform at least it encourages them(the old members ) and new members to put more effort in contributing to ape community. It’s a win-win! Ape to the world

2 Likes

Fringe Finance’s new V2 platform looks promising for APE holders. The margin trading and dynamic interest rate features could boost returns. But the real draw is the incentive program rewarding lenders with extra FRIN tokens based on their share of interest earned. Combined with lending yields and potential APE growth, depositing capital on Fringe V2 seems like a lucrative opportunity for APE holders seeking amplified gains, if executed well.

4 Likes

My friend who invited me here to join the community always mentioned the importance of holding tokens, especially seeking to obtain more tokens to be able to participate and be relevant in voting on proposals.

The idea is Great. But why repay with collaterals though?

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