Port Finance Raises a $5.3m Strategic Round To Offer Fixed Rate Lending on So...
Port Finance, the Solana-based lending protocol with the vision of bringing a whole suite of interest rate products to DeFi users, has raised $5.3M in its latest strategic funding round. The round is led by Alameda Research with participation from Spartan Group, Brevan Howard, and A41. Port Finance’s list of existing investors also includes Jump Capital, Solana Foundation, GSR, and Defi Alliance. Port Finance was the first to launch a variable rate lending product on Solana’s mainnet in July 2021. The platform now supports 13 different assets from the Solana, Ethereum, Terra and Bitcoin....
Related News
AscendEX, a global cryptocurrency financial platform with a comprehensive product suite, is excited to announce the Port Finance token (PORT) under the pair USDT/PORT on Aug 9 at 2 p.m. UTC. Port Finance is a money-market, non-custodial liquidity protocol on Solana. They aim to provide a comprehensive suite of lending products, including variable-rate lending, fixed-rate […]
PRESS RELEASE. AscendEX, a global cryptocurrency financial platform with a comprehensive product suite, is excited to announce the Port Finance token (PORT) under the pair USDT/PORT on Aug 9 at 2 p.m. UTC. Port Finance is a money-market, non-custodial liquidity protocol on Solana. They aim to provide a comprehensive suite of lending products, including variable-rate lending, fixed-rate lending, and interest rate swap. Their idea is to take advantage of the growth in size and capability of the Solana network. Port Finance brings interest rate markets to the Solana ecosystem. It leverages....
Kulfi Finance is the first Cardano fixed-rate money market. At launch, vaults will be dedicated to stable-asset and pegged-asset pairs, with additional vaults added in the future. Louis Ryman, Chief technical officer at Kulfi, stated “By building upon Cardano, Kulfi has created a simple way for crypto users to access the benefits of fixed rate money market.” Kulfi finance facilitates fixed-rate lending, borrowing of Cardano native assets at fixed rates / Terms through an innovative financial primitive called wTokens. Fixed-rate financing touches all the edges of the modern financial....
The decentralized protocol says its offerings of fixed-rate lending and interest-rate derivatives will place it in a unique position in Defi
Kulfi Finance is the first Cardano fixed-rate money market. At launch, vaults will be dedicated to stable-asset and pegged-asset pairs, with additional vaults added in the future. Louis Ryman, Chief technical officer at Kulfi, stated “By building upon Cardano, Kulfi has created a simple way for crypto users to access the benefits of the fixed rate money market.” Kulfi finance facilitates lending and borrowing of Cardano native assets at fixed rates / Terms through an innovative financial primitive called wTokens. Fixed-rate financing touches all the edges of the modern financial....