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AscendEX, a global cryptocurrency financial platform with a full suite of products, is pleased to announce the Port Finance (PORT) token under the USDT / PORT pair on August 9 at 14:00 UTC.
Port Finance is a non-custodial money market liquidity protocol in Solana. Its goal is to provide a complete suite of loan products, including floating rate loans, fixed rate loans, and interest rate swaps. His idea is to take advantage of the growth in size and capacity of the Solana network.
Port Finance incorporates interest rate markets into the Solana ecosystem. Take advantage of the high speed and low latency of the Solana blockchain with a suite of products that includes variable rate loans, fixed rate loans, and interest rate swaps. Port Finance takes a three-step approach; provide a basic loan protocol similar to Compound and Aave on Ethereum. Second, they launch a fixed-rate loan protocol that uses Serum’s order book. And finally, they build an interest rate swap market that uses Serum’s order book.
Its aim is to take advantage of the technological advances of the Solana blockchain and the Serum ecosystem to bring to market difficult-to-implement loan products on Ethereum. Using the low latency network of the Solana blockchain, Port Finance will allow the user to borrow more with the same amount of collateral as Ethereum products such as Compound and Aave.
In the future, they plan to launch fixed-rate loans using Serum’s order book. This will allow the user to decide on a loan rate using a real market rather than a bond curve, while also providing a fixed interest rate product. Additionally, the native PORT token is used as a governance token and to share protocol fees with a purchase and recording process.
team is made up of veterans of technology and finance with a strong technical background who previously worked at companies such as Google, Facebook, Microsoft and commercial companies. team met in London while studying Computer Science at Imperial College. team also contributed to the development of the open source code for Solana and Serum.
About AscendEX
AscendEX (formerly BitMax) is a global cryptocurrency financial platform with a comprehensive product suite that includes stain, margeny, and futures trading, portfolio and stake support services for more than 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX serves more than 1 million retail and institutional clients worldwide with a highly liquid trading platform and secure custody solutions.
AscendEX has become a leading ROI platform in its “Initial Exchange Offerings” by supporting some of the industry’s most innovative projects in the DeFi ecosystem, such as Thorchain, xDai Stake and Serum. AscendEX users receive exclusive access to airdrops tokens and the ability to purchase tokens as soon as possible. To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, visit www.AscendEX.com.
For more information and updates, visit: Website: https: //ascendex.com Chirrido: https://twitter.com/AscendEX_Globala: https://t.me/AscendEX Medium English: https://medium.com/ascendex
About port finance
Port Finance is a non-custodial money market liquidity protocol in Solana. Its goal is to provide a complete suite of loan products, including floating rate loans, fixed rate loans, and interest rate swaps.
For more information and updates, visit: Website: https://port.finance/ Chirp: https://twitter.com/port_finance to: https://t.me/port_finance Discord: https: // discord. com / invite / nAMXAYhTb2
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