[Fringe Finance] LTIPP Application - FINAL

SECTION 1: APPLICANT INFORMATION

Provide personal or organizational details, including applicant name, contact information, and any associated organization. This information ensures proper identification and communication throughout the grant process.

Applicant Name: Brian Pasfield

Project Name: Fringe Finance

Project Description:

Margin Trading and Lending platform supporting not only large-cap assets but more than 150 smaller-cap assets, LP tokens, and ERC4626 tokens across five chains. Advanced engineering including a capital-efficient interest rate model and a new price oracle model to provide protections from oracle price manipulation attacks.

Team Members and Roles:

  • Paul Mak - CEO
  • Konstantin Shirokov - Marketing Director
  • Brian Pasfield - CTO
  • Alex Pasfield - Protocol Lead
  • Nhat TM - Full-stack dev
  • Loc Nguyen - Smart Contract Dev
  • An To - Frontend dev
  • Richard An - Smart Contract Dev and QA
  • Phong Nguyen - Project Manager

Project Links:

Contact Information

Point of Contact

  • Brian Pasfield - CTO

Point of Contact’s TG handle:Telegram: Contact @brainspacer
Twitter: https://twitter.com/0xfrin
Email: brian@fringe.fi

Secondary point of contact

Do you acknowledge that your team will be subject to a KYC requirement?:

  • Yes

SECTION 2a: Team and Product Information

Product state and audience

  • Fringe V2 was publicly released to mainnet on January 25, 2024 on Arbitrum, Ethereum, Polygon, Optimism, and zkSync. (technical mainnet deployments occurred late 2023).
  • The target market is initially retail DeFi users and super users demanding flexible and advanced margin trading and lending facilities to achieve their financial strategies.
  • Once the Fringe platform TVL increases, Fringe aims to target institutional users and DAOs. Institutional investors can seek yield on their US dollar-denominated and large-cap crypto assets and DAOs can lend out their project tokens to gain yield as well as borrow against their treasury to fund operational expenses without selling their project token.

Incentive strategy

  • Fringe has an existing incentive program which is designed to maximize user ‚Äėstickiness‚Äô once the program is complete, as described in detail in the heading below ‚ÄúCurrent Incentivization: How are you currently incentivizing your protocol?‚ÄĚ
  • Fringe anticipates any Arbitrum grant will be applied specifically to increase user adoption for Fringe on the Arbitrum chain using the model described in the heading below ‚ÄúCurrent Incentivization: How are you currently incentivizing your protocol?‚ÄĚ

Team bios

  • Paul Mak - CEO - is a serial entrepreneur who has led multiple DeFi projects, and GameFi projects and has a history with his own property development and fashion brands. Multiple of Paul‚Äôs projects have employed incentive programs, from airdrops, staking rewards, NFT allocations, and Fringe Finance‚Äôs previous LP incentive programs.
  • Konstantin Shirokov - marketing director - in crypto marketing/product management since 2018.
  • Brian Pasfield CTO - has been involved in the crypto industry since 2014 and has worked on a range of projects such as on-chain voting systems, Bitcoin merchant systems, BTC trading and arbitrage bots, and consumer crypto micro-savings apps. He has spent the past three years defining and delivering Fringe‚Äôs margin trading and lending platform. Brian also acted as an industry lobbyist to the Australian government in their formulation of Australia‚Äôs crypto legislation and policy. Brian has a prior career delivering large-scale technology and business projects to corporate, banking, and government clients.
  • Alex Pasfield - protocol lead - applies a multi-disciplined background across economics, finance, game theory, crypto, and philosophy to devise effective incentive-compatible protocols for Fringe and other DeFi projects, such as Increment. Alex also works with ChainSecurity to assess client protocols and contract audit outcomes.

What novelty or innovation does your product bring to Arbitrum?

  • With our New Price Oracle Model, Fringe brings special engineering to price handling to allow us to deliver spot Margin Trading and Lending via a bespoke platform to be able to support a wide range of capital and collateral assets, including long-tail assets, LP tokens, and ERC4626 tokens. (150+ asset listings across five chains)
  • Fringe‚Äôs new price oracle model is designed to protect against oracle price manipulation attacks, as described here Fringe Price Oracle Model | V2 Fringe Finance Platform Docs
  • Fringe‚Äôs new Interest Rate Model is designed for capital efficiency - by employing a P-controller to target a (lending pool) utilization rate, rather than targeting an interest rate as is often employed by other platforms that use simplistic interest rate models. The aim here is to best ensure lender capital is lent out to borrowers rather than sitting idle.
  • Fringe has delivered an innovative partial liquidation model that reduces costs for borrowers and provides additional platform stability.
  • Fringe employs a non-rehypothecation lending model - which provides borrowers with greater assurance their collateral is always available and not subject to risks lenders take on. Fringe‚Äôs approach is to maximize platform stability.
  • Fringe has a range of other utilities that make life easier for users and embrace censorship resistance, such as repayment of positions using collateral, WalletConnect multisig support, and a decentralized backend employing The Graph.

Is your project composable with other projects on Arbitrum? If so, please explain:

  • Fringe smart contracts are fully documented and available for composability. See Fringe Finance Documentation | Fringe Finance Documentation. Other projects may employ Fringe‚Äôs primitives in leveraged margin trading and lending. Some examples of how Fringe will actively pursue integrations with other platforms on Arbitrum, such as the following:

    • Yield aggregators.
    • Savings dashboards - e.g. DeFi Saver-like facilities.
    • (Emerging) Institutional dashboards - to allow institutions and financial agents to orchestrate complex financial strategies using Fringe‚Äôs margin trading and lending primitives.
  • Fringe can list a wide range of assets due to our novel price-handling mechanisms. As a result, Fringe can provide utility for smaller-cap assets that otherwise would have few or no other DeFi venues to which they could be deployed. Fringe sees this capability to support underserved assets as an important enabler for the Arbitrum ecosystem.

Do you have any comparable protocols within the Arbitrum ecosystem or other blockchains?

  • Fringe has devised a feature-rich bespoke margin trading and lending platform with support for a very wide range of assets. We hope this competes with incumbent lending platforms and margin trading platforms, such as AAVE, by virtue of Fringe‚Äôs compelling unique value propositions.

How do you measure and think about retention internally? (metrics, target KPIs)

  • Our key interest is, as you might guess, platform revenue - which is a share of interest paid by traders and borrowers.

    • A leading indicator for this is the utilization rates of our lending markets. Another is raw TVL in lending pools and borrower/trader collateral, especially given this is a popular DeFi metric.
  • Fringe intends to measure daily active user counts and monthly active user counts to inform and focus our marketing and advertising initiatives. In addition to this, median trade sizes will be tracked to give Fringe insight into the nature of user participation and to identify our user segments. e.g. lots of small trades will indicate retail user predominance, steady and growing large trades will indicate institutional adoption.

    • Fringe will monitor these metrics and tailor marketing, partnering, and advertising efforts accordingly.
  • Fringe considers retention and adoption arise from a confluence of markets with attractive interest rates as well as a platform with high utility, safety mechanisms, and low costs. Fringe is continuing to explore how to add useful utility to the platform, both in terms of user functions and safety mechanisms.

Relevant usage metrics - Please refer to the [OBL relevant metrics chart 16]

  • TVL
  • Trading Volume
  • Daily Active Users
  • Daily Protocol Fee
  • Amplify positions opened
  • Margin Trade positions opened

Fringe can provide the metrics listed in OBL Data Reporting and KPIs document - via our subgraphs. Fringe’s Arbitrum mainnet subgraph can be found here ==> The GraphiQL

Do you agree to remove team-controlled wallets from all milestone metrics AND exclude team-controlled wallets from any incentives included in your plan: [Yes/No]

  • Yes

Did you utilize a grants consultant or other third party not named as a grantee to draft this proposal? If so, please disclose the details of that arrangement here, including conflicts of interest (Note: this does NOT disqualify an applicant):

  • No consultant or third party was used or harmed in the making of this application.

SECTION 2b: PROTOCOL DETAILS

Provide details about the Arbitrum protocol requirements relevant to the grant. This information ensures that the applicant is aligned with the technical specifications and commitments of the grant.

Is the protocol native to Arbitrum?: [Yes/No, and provide explanation]

  • The Fringe V2 platform is not native to Arbitrum.

On what other networks is the protocol deployed?: [Yes/No, and provide chains]

  • Fringe V2 is deployed in a consistent form across Arbitrum, Ethereum, Polygon, Optimism and zkSync.

What date did you deploy on Arbitrum mainnet?: [Date + transaction ID. If not yet live on mainnet, explain why.]

Do you have a native token?: [Yes/No/Planned, link tokenomics docs]

  • FRIN, our governance token, is deployed on Ethereum.
  • When liquidity permits, we will consider bridging to other chains including Arbitrum.
    • Once FRIN DEX trading volume on Ethereum grows, Fringe is looking to bridge our token to lower-gas-cost chains such as Arbitrum, and then provide liquidity to the Arbitrum DEX market either directly or via incentives to encourage third parties to participate.
    • This will also allow Fringe to deploy our Staking Rewards platform to Arbitrum - to directly incentivise participation in the Fringe ecosystem - via rewards for lenders, rewards for LP token holders, rewards for staking, and other possibilities. Fringe believes this will create a richer DeFi ecosystem on Arbitrum.
  • Tokenomics docs: Token Distribution. A comprehensive breakdown of the supply‚Ķ | by Fringe Finance | Medium
    • To note, FRIN was originally BOND (Bonded Finance) and we rebranded to FRIN (Fringe Finance) in 2022 due to another protocol using the BOND ticker. Our BOND token holders were migrated in a 1:1 airdrop at that time. Tokenomics for FRIN remains the same as the original BOND tokenomics

Past Incentivization: What liquidity mining/incentive programs, if any, have you previously run? Please share results and dashboards, as applicable?

  • No past incentive programs.

Current Incentivization: How are you currently incentivizing your protocol?

  • Fringe has devised an incentive strategy to maximize user ‚Äėstickiness‚Äô - to avoid mercenary user behavior of disbanding the platform on completion of the incentive program.
  • TVL milestone targets: Fringe incentivizes lenders to lend capital on the platform. Incentives are awarded on reaching milestone TVL targets. Once a milestone TVL target is achieved, the next milestone TVL target commences - which encourages lenders‚Äô continued participation.
  • Lender APY calculations: Incentives are calculated as a function of the proportion of interest the lender receives from the lending market. This encourages lenders to contribute to markets where there is organic borrower demand. i.e. the incentive program attempts to avoid contrived incentives.
  • Flow-on benefit to borrowers/traders: The lender incentives attract borrowers, by virtue of lower-than-usual borrow rates arising from the surplus of lenders attracted by the lender incentives.
  • This overall dynamic best assures that in-demand markets are capitalized and in demand by borrowers/traders by the time the incentive program is completed, thus enabling further organic growth.
  • Fringe has constructed a user-facing incentive program status bar widget that will give users visibility of the progress of the incentive program.
  • For further details on the rewards amount and targeted TVL level, please see the image below and refer to the announcement article

Have you received a grant from the DAO, Foundation, or any Arbitrum ecosystem-related program? [yes/no, please provide any details around how the funds were allocated and any relevant results/learnings(Note: this does NOT disqualify an applicant)]

  • No previous Arbitrum-related grant.

Protocol Performance: [Detail the past performance of the protocol and relevance, including any key metrics or achievements, dashboards, etc.]

  • Fringe V2 was publicly released on 24 January 2024. Limited activity has occurred since then - awaiting commencement of the Fringe bootstrapping incentive program from 5 March 2024.
  • Current platform metrics are presented on Defillama here: https://defillama.com/protocol/fringe-v2

Protocol Roadmap: [Describe relevant roadmap details for your protocol or relevant products to your grant application. Include tangible milestones over the next 12 months.]

Fringe roadmap includes the following material updates currently in development and for release within the next 12 months:

  • Q3 24 - LP token support - as collateral and capital assets.
  • Q3 24 - ERC-4626 token support - as collateral and capital assets.
  • Q3 24 - Enhancements to our New Price Oracle model - to provide further protections for DeFi users against oracle price manipulation attacks.
  • Q4 24 - Fringe V3 - pooled collateral. Gives users greater flexibility when opening margin trading positions, and reduces the risk of liquidations from any single collateral price fluctuations.
  • Q2 24 - Updated UI/UX.

Audit History & Security Vendors: [Provide historic audits and audit results. Do you have a bug bounty program? Please provide details about your security implementation including any advisors and vendors.]

  • Fringe audits can be found here ==> Fringe Finance smart contract audits
  • Bug Bounty Program: Fringe‚Äôs Immunefi bug bounty program will resume shortly (paused during Fringe V2 release and initial bedding-down.)
  • Our security strategy includes the retention of our protocol lead, who also works with Chainsecurity on audit and security-related matters. Fringe‚Äôs approach to security is as follows:
    • Protocol designs are constructed with attention to crypto-economic and game-theory considerations. Then peer-reviewed.
    • Smart contracts are then designed and peer-reviewed.
    • Once developed, external and internal QA validates smart contracts via test decks.
    • End-to-end testing is then undertaken.
    • External auditors are engaged to conduct audits. Issues are refactored.
    • Immunefi bug bounty program is then opened. (currently paused during Fringe V2 go-live and bedding-down.)
    • As Fringe TVL grows, we will look to conduct additional audits for our and our customers‚Äô assurance.
    • Additionally, Fringe is considering how to best include audit competitions as part of our security protocol.

Security Incidents: [Has your protocol ever been exploited? If so, please describe what, when, and how for ALL incidents as well as the remedies to solve and mitigate future incidents]

  • No security incidents.

SECTION 3: GRANT INFORMATION

Requested Grant Size: 100,000 ARB

Justification for the size of the grant

This value is provided in the form of the lenders’ incentives within the TVL-based program., The value proposed will be divided as follows:

Milestone # Lender TVL target (USD) Incentive rewards (ARB tokens) Cooldown period (days)
1 250,000 5000 10
2 500,000 10000 15
3 1,000,000 15000 20
4 2,500,000 25000 25
5 5,000,000 45000 30

A participating lender receives rewards based on the proportion of interest their lender deposits earn compared to interest earned by all lenders for the period of the incentive milestone. Interest earned refers to the normal interest that a lender receives by participating in the lending market.

  • Calculation example

For example, if all lenders earn a total of $100 worth of assessed interest and a given user earns $10 of assessed interest throughout the incentive milestone, the user will be entitled to $10/$100 = 10% of the rewards for that incentive milestone period.

This interest-based calculation model means the more capital a user contributes and the longer they contribute, the more rewards they will be entitled to.
The APR one may achieve from this incentive program is based on the time taken for the milestone targets to be achieved. The faster the milestone is reached, the higher the APY from this incentive program.

An example can be the following:
If the first milestone is achieved in 10 day period, and the user’s assessed interest is 10% of the pooled one, then the user is entitled to 500 ARB rewards (~$955) which stands for:
$955 / $25000 / 10days * 365 days * 100% = 139,4% APR

Grant Breakdown:
Lender incentives*: 100,000 ARB *Milestones based

Funding Address: 0x7b28305e45e39Eec20C2a9aAe8261F46C80e9abF

Funding Address Characteristics: 2/4 Multisig.

Treasury Address: 0x23ccf02BBDAB5F83A0808D50C72a4C2e028BB98C

Contract Address: As per our current incentive program, we will airdrop the rewards to eligible recipients from an EOA address. No contract address applies.

EOA address - 0xaA3Ab47924157A55963cDDc6B10bcAC1E1D0507c

SECTION 4: GRANT OBJECTIVES, EXECUTION AND MILESTONES

Clearly outline the primary objectives of the program and the Key Performance Indicators (KPIs), execution strategy, and milestones used to measure success. This helps reviewers understand what the program aims to achieve and how progress will be assessed.

Objectives:

  • Expand participation on the Arbitrum network
    The objective is to expand Fringe’s existing incentive program to specifically target participation on the Arbitrum network, increasing TVL on Arbitrum and fostering lending, trading and borrowing activities on Fringe’s Aritrum instance.
  • Utility for holders of long-tail assets
    Another aim is to provide added utility for holders of long-tail assets on the Arbitrum network - where they may have few, if any, other DeFi venues to deploy their capital. Fringe can achieve this by virtue of supporting a large (and growing) list of both large-cap and long-tail assets on our Fringe V2 margin trading and lending platform
  • Efficient Volume Growth
    Fringe Finance’s presence on Arbitrum will provide a feature-rich leverage trading venue to attract and retain traders to the Arbitrum network.
  • Incentives for capital migration
    While utilizing the grant to bootstrap usership in Arbitrum, Fringe will place a particular emphasis on users of the Ethereum Mainnet platform to migrate to Arbitrum, emphasizing low gas fees, a broad range of assets listed on the Fringe Arbitrum instance, and listing of Arbitrum-only assets.

Execution Strategy:

Lenders will expressly receive incentives, but also borrowers and traders indirectly benefit due to lower interest rates (arising from the oversubscribed lenders attracted by the explicit rewards), creating demand on both sides of the market.

Lenders will become eligible for the rewards once the overall TVL target is met. The rewards will be distributed via airdrop.

What mechanisms within the incentive design will you implement to incentivize ‚Äústickiness‚ÄĚ whether it be users, liquidity or some other targeted metric?

  • Stickiness is achieved via a combination of the following characteristics of our incentive program:

    • The incentive program encourages lenders to contribute to markets for which there is an organic trader and borrower demand by virtue of rewarding lenders based on the APY for the markets in which they participate.
    • Phasing the incentive program according to milestone lender TVL targets - to maintain visibility and maximize the ‚Äėbuzz‚Äô as each milestone progresses.
    • Incorporating a ‚Äėcooldown period‚Äô for each TVL Milestone, which is a number of days the TVL target is to be sustained to trigger the distribution of incentive rewards to lenders (e.g. 10 days).
    • The intention of these is to encourage lenders to participate in markets where real-world trader and borrower demand exists, resulting in real-world in-demand markets that will actively continue to grow after being bootstrapped through the incentive program.
  • Avoiding users ‚Äėgaming‚Äô the incentive program

    • The design of Fringe‚Äôs incentive program prevents users from gaming the program by virtue of them being incentivised to participate in markets that have real borrower and trader demand. If users participate in such a way that is not aligned with real borrower or trader demand, they minimize their opportunities for rewards.
    • If participating lenders participate for a short period of time (i.e. deposit then soon after withdraw their capital), their reward opportunities are limited.
      Users participate in any way that they are able. For example, if they have a large amount of capital that they are able to contribute for a short period of time, they will be rewarded accordingly. Likewise, if a user has a small amount of capital they are able to contribute for a longer period of time, they, too, will be rewarded accordingly. The design of the incentive program is to encourage and reward users for participating for as long as possible with as much capital as possible.
    • As a result, there is inherently a ‚Äėtime-weighted‚Äô assessment of lender participation that encourages their extended participation to maximize their rewards.
  • Low-friction roll-over to maintain adoption: Also, once any milestone lender TVL target is achieved, lenders are automatically eligible for the subsequent incentive milestone target - thus encouraging retention of their capital on the platform throughout all milestones of the incentive program while organic borrower and trader adoption occur.

Specify the KPIs that will be used to measure success in achieving the grant objectives and designate a source of truth for governance to use to verify accuracy.

  • The KPI used in the incentive program is lender TVL.
  • Specific incentive quanta will be set to reflect available funds for incentives. TBD
  • Specific lender milestone TVL targets will be set to reflect meaningful targets.
  • Determining these milestone targets will be informed by Fringe‚Äôs current incentive program (commencing March 5, 2024).

Grant Timeline and Milestones:

  • Fringe can commence an incentive program for user participation on Arbitrum at any time - given our platform is live on mainnet and given we have already developed the necessary metric tracking and the reward distribution mechanism.
  • To note - the incentive program is based on lender TVL milestones, and therefore no strict reward timelines is forecast.
  • Progress along each milestone is measurable as a simple metric - lender TVL - and therefore is simple to assess and for the Fringe team to react accordingly.
  • Fringe has developed a Milestone Progress Status Bar UI widget that presents milestone status information to users.
  • In the event all milestone TVL targets are not met in the 12-week period of the Aribitrum program and we are not able to distribute the rewards across all milestones, the leftover grant will be returned to the Arbitrum treasury.
    • Fringe would like to enter into dialogue with Arbitrum in the event the 12-week timeframe expires before all grant reward funds are distributed. If Arbitrum sees the good benefit for the Arbitrum network to extend the period, Fringe can accommodate that.

How will receiving a grant enable you to foster growth or innovation within the Arbitrum ecosystem?

  • Fostering growth
    • As described above, Fringe‚Äôs approach to our incentive programs is to promote long-term adoption and interest in the Arbitrum ecosystem by targeting markets for which there is organic demand and encouraging markets that might otherwise not have adequate liquidity.
    • Fringe‚Äôs incentive program design attempts as much as possible to avoid mercenary user behavior - through the use of maximizing stickiness and supporting and encouraging demand in markets.
    • Fringe V2 is a feature-rich margin trading and lending platform that supports a large range of assets through clever price oracle handling - which we believe makes for an attractive venue and makes it easy for users to safely execute their sophisticated financial strategies irrespective of the assets they interact with.
  • Data
    • Fringe is currently commencing our multi-chain incentive program (from March 5, 2024) that employs the same approach as the proposed Arbitrum-specific incentive program.
    • Once our existing incentive program commences and gains traction, Fringe can present the performance of that program as objective data points for Arbitrum to consider in relation to this Arbitrum grant application.

Do you accept the funding of your grant streamed linearly for the duration of your grant proposal, and that the multisig holds the power to halt your stream? [Yes/No]

Yes

SECTION 5: Data and Reporting

Is your team prepared to comply with OBL’s data requirements for the entire life of the program and three months following and then handoff to the Arbitrum DAO? Are there any special requests/considerations that should be considered?

  • Yes. No special considerations are known at this time.

**Does your team agree to provide bi-weekly program updates on the Arbitrum Forum thread that reference your OBL dashboard? **

Yes.

  • The design of Fringe‚Äôs incentive program relies on a single metric - being lender TVL. This key metric drives the behavior sought by the program given the incentives are awarded based on each lender‚Äôs lender APY - whereby the lenders are encouraged to select markets for which there is (organic) user borrower and trader demand.
  • Fringe has an incentive status bar tool that can be used to report progress of the incentive program.
  • Fringe has existing subgraphs that can be used to report on a wide range of on-chain metrics. Fringe‚Äôs Arbitrum mainnet subgraph can be found here ==> The GraphiQL
  • Additionally, Fringe has already built Defillama integrations to report various metrics for TVL, lending and borrowing which could be leveraged to provide reporting for this Arbitrum incentive initiative.
  • Fringe is happy to employ these existing tools and facilities to provide tracking and visibility of the incentive program. Fringe is happy to consider improvements to our reporting to best support any grant initiative.

Does your team agree to provide a final closeout report no later than two weeks from the ending date of your program? This report should include summaries of work completed, final cost structure, whether any funds were returned, and any lessons the grantee feels came out of this grant. Where applicable, be sure to include final estimates of acquisition costs of any users, developers, or assets onboarded to Arbitrum chains. (NOTE: No future grants from this program can be given until a closeout report is provided.)

  • Yes.

Does your team acknowledge that failure to comply with any of the above requests can result in the halting of the program’s funding stream?: [Y/N]

  • Yes.

Addendum - Grant rationale worksheet - based on Arbitrum’s guidance worksheet.

Lending and leverage trading platform / Additional lender rewards

  1. Increase the total lender capital on the platform
  • Currently nascent - released Jan 24, 2024. (currently ~$100k TVL)
  • Targeting $5M lender TVL for the bootstrap incentive program
  1. Incentivize lender APY ‚Üí greater lender rewards ‚Üí more lender capital ‚Üí lower borrower and trader interest costs - more borrowers and traders.

  2. Given the incentive is based on amplifying lenders’ APY they receive from funding lending markets that are in demand by borrowers and traders, this further encourages lenders to supply funds to markets for which there is demand from borrowers and traders. Lenders will be oversubscribed because of the incentive program which results in increased funding of capital for lending markets and therefore, due to the platform’s interest rate model, results in lower borrower and trader interest rates, which attracts borrowers and traders.

  3. Bootstrapping - the relatively short time period of the incentive program funded by the requested Arbitrum grant allows the market to discover lending markets it is interested in, thus resulting in those markets of interest being funded by lenders and being in demand by borrowers and traders by the end of the incentive period. This best assures a setup that then allows further organic expansion of those in-demand markets once the incentive program is completed.

  4. Once the platform is suitably bootstrapped, this and its continued growth act as a flywheel to attract further adoption. More lender capital opens up more borrowing and trading opportunities which attracts more lender capital and so on.

  5. Fringe has delivered a feature-rich, low-cost cost, and secure leveraged trading and lending platform that is designed to have broad appeal to promote adoption for retail, DAO, and institutional users to allow them to execute their sophisticated financial strategies. Fringe believes our platform delivers a solid solution with advanced features that provide high utility for Arbitrum-only assets and popular assets.

  6. Fringe sees the requested funds of the Arbitrum grant program being instrumental in initiating this longer-term adoption and value-generation cycle that will provide continued benefit to the Arbitrum ecosystem via the provision of feature-rich Defi leveraged trading and lending venue.

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Hello @FringeFinance ,

Thank you for your application! Your advisor will be Castle Capital @Atomist.

Please join the LTIPP discord and ping your advisor in the general chat so they can create a new channel and start communicating with you.

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Fringe Finance has updated our application according to the provided feedback

@cliffton.eth @raam

Could you update our proposal to ‚ÄúFINAL‚ÄĚ?

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