Introducing Port Finance. Today we introduce port finance… | by Port Finance | Port Finance | Medium

Introducing Port FinancePort FinanceFollow3 min read·May 21, 2021 --

7

Listen

Share

Port Logo Today we introduce port finance (https://port.finance/), a money market protocol on Solana.

We want to leverage the speed of Solana blockchain and provide innovative lending and interest rate derivative products. We plan to take a three-step approach:

Provide a basic lending protocol that allows users to take leverage positionOffer fixed rate lending so users know the amount of interest they will receive beforehandCreate interest rate

swap markets between fixed and floating rate for users to speculate or hedge on interest rate riskCurrent Product Today, we’re happy to announce that a borrowing and lending protocol with

the following features has been launched on the Solana test net:

Variable rate based on utilization: the interest rate curve for our token pool comprises of two linear segments: the latter one comes with a higher slope to incentivize more depositing. The

exact parameters of the interest rate curve can be adjusted in the future.Cross-collateral support: the protocol supports multiple collateral token types for multiple loan token types. For

example, the users are allowed to use USDC + SRM as collateral to borrow SOL, or use USDC as collateral to borrow both SOL + SRMFlash loan: the protocol supports flash loan which allows the

users to do risk-free arbitrage among different Serum markets or between Serum and RaydiumInterest Rate Change against Utilization RateProduct Walk Through The dashboard shows the main

statistics of the protocol including the total value locked, the amount that has been borrowed, etc.

If you click on any of the sub page, you can see the statistics for each given token pool, including utilization ratio, loan-to-value ratio and so on.

Depositing liquidity into the protocol for variable rate return.

The user can access our test net deployment here: https://port.finance/port-app

Future Plan In the future we plan to issue governance token which will serve two purposes:

participate in the on-chain governance on setting the parameters including: which asset to support as collateral, what should be the parameters for each asset classes such as loan-to-value

ratio, the interest rate and liquidation thresholdshare a portion of the protocol earned fee by staking the governance token We plan to do airdrops for early user of the protocol and also

launch liquidity mining on main net.

Who we are? We are a close-knit team of engineers with previous background from Google, Facebook and Microsoft. We have been following Defi since the summer of 2020 and firmly believe in

Defi eating traditional finance.

Get In Touch 🌐 Visit us at https://port.finance/🌐

📩 Email us at hello[at]port[dot]finance 📩

💬Chat with us on Telegram or Discord 💬

🐦 Find us on Twitter — @port_finance🐦