Port Finance is building a whole suite of products that will unleash the true potential of the Solana blockchain.
Port Finance Displays Money Markets on Solana
On Thursday, January 13th, the DeFi Direct YouTube Channel was the center of attraction as a core team member of Port Finance was interviewed. Our host and Co-founder of DeFi Direct, Greg, was in the mix to speak with Port Finance’s Core Developer, Gabriel Wong.
The discussion was about Port Finance’s goal in the Decentralized Finance (DeFi) market, particularly Solana. Port Finance’s goal is to provide a whole suite of market products. The protocol aims to provide Variable Lending, Fixed Rate Lending, and Interest Rate Swap. Gabriel revealed that their recently launched Fixed Rate Lending product would redefine the Solana blockchain.
“We are one of the first projects that launched a Variable Rate Lending product. Currently, we support over 15 assets, ranging from stablecoins, protocol tokens, and also LP tokens, coming from Saber. Three weeks ago, we also launched our Fixed Rate Lending protocol, Sundial. We believe that our Fixed Rate Lending protocol will unleash the true potential of the Solana blockchain,” Gabriel replied Goon when asked about the project’s goal.
The conversation unveiled the lending protocol’s numerous partnership deals with big investors as they look to move quickly with their development in the DeFi space. In addition, Gabriel talked about the team’s background and the beginnings of the protocol.
“We were working at some tech companies in London. Two other Co-founders, including myself, worked previously at Google and Facebook,” Gabriel said.
Watch the entire conversation on the DeFi Direct Youtube Channel.
What is Port Finance?
Port Finance is a lending platform that brings interest rates on Solana. The protocol leverages the high speed and low latency to provide a product suite that includes variable rate lending, fixed-rate lending, and interest rate swaps.
Port Finance focuses on leveraging Solana’s technological advancements and the Serum ecosystem to bring lending products that are difficult to implement on Ethereum.
Where to find Port Finance:
Source : solana.news
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