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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.
DetailsIEO (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 infoTicker: PORT
Ecosystem - 33%
Liquidity Incentives - 31%
Team - 20%
Fund raising - 10%
Initial Liquidity - 4%
Advisors - 2%