Port Finance logo
WebsiteSolanium Launchpad

Port Finance (PORT)

IEO

Port Finance is a decentralized Money Market protocol on Solana, aiming to provide a full suite of lending products including but not limited to: variable rate lending, fixed rate lending and interest rate swaps.

IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Overview

Project industryFinance Services & Banking
Product typeDeFi
WhitepaperPort Finance White Paper Open

What is Port Finance

Port Finance brings interest rate markets to Solana. It leverages the high speed and low latency of the Solana blockchain with a product suite that includes variable rate lending, fixed rate lending and interest rate swaps.

Port Finance will take a three-step approach:

  • Provide a baseline lending protocol that is similar to Compound and Aave on Ethereum.
  • Provide a fixed rate lending protocol that utilises the Serum order book.
  • Provide an interest rate swap market that also utilises the Serum order book.

Our focus will be on leveraging the technological advancements on the Solana blockchain and the Serum ecosystem to bring lending products that are difficult to implement on Ethereum.

Port Finance seeks to be the liquidity gateway for the Solana DeFi ecosystem through simpler user interfaces, lower collateral requirements, and adjustable liquidation thresholds based on volatility and liquidity.

Details

IEO (Solanium Launchpad): Aug 07, 2021 - Aug 07, 2021
Token supply: 100,000,000 PORT
Hard cap: 160,000 USDC
Raised: 1,200,000 USD

Token info

Ticker: PORT
Token distribution:
Ecosystem - 33%
Liquidity Incentives - 31%
Team - 20%
Fund raising - 10%
Initial Liquidity - 4%
Advisors - 2%

Social media

Port Finance web-sitePort Finance MediumPort Finance TelegramPort Finance X (Twitter)Port Finance Discord

Leave a Reply

Your email address will not be published. Required fields are marked *

Sponsored Crypto Projects

Newly Published