Fringe Finance recently announced the $wETH token, which they call wrapped Ether. $wETH is a token pegged to Ethereum price on the ERC-20 network. Thanks to this integration, users will be able to open leveraged transactions using the $wETH token. People who also have $wETH in their wallet will also be able to use stablecoin loans. $wETH is published based on decentralized smart contracts.Fringe Finance says the use of $wETH will be wider than Ethereum and will be popular on DeFi.
About Fringe Finance
Fringe Finance is a decentralized money market that provides transactions such as lending and borrowing for cryptocurrencies. Fringe Finance offers stablecoin loans secured by their own.
Ethereum is a decentralized and open source blockchain project that allows to run intelligent applications on the blockchain. The native cryptocurrency of the Ethereum blockchain is Ether (ETH). ETH is currently the second largest cryptocurrency in the cryptocurrency market after Bitcoin.