Port Finance is a lending protocol. The platform aims to leverage the Solana blockchain’s high speed and low latency with a complete range of fixed income products, including fixed-rate lending, variable rate lending, and yield rate swaps. Port Finance also looks forward to implementing features like leveraged trading using the Raydium AMM (automated market maker) with one click and protocol-to-protocol lending to enable leverage yield-farming.

Port Finance focuses on leveraging the technological advancements on the Serum ecosystem to bring lending products difficult to implement on Ethereum. According to the whitepaper, the platform follows a three-step approach. In the first phase, the platform aims to provide a baseline lending protocol similar to Compound and Aave on Ethereum, with three core features:

The platform issues a native token named Port Finance (PORT) to allow decentralized community governance and to incentivize early-stage users. The PORT token gets value by acting as a governance token to decide on the several parameters of the protocols, including which assets to support, the maximum loan-to-value ratio, liquidation threshold, and other associated changes.

According to the roadmap, the platform launched Port Finance (PORT) (Initial DEX Offering) IDO with Solanium in August 2021.

We update our Port Finance to USD currency in real-time. Get the live price of Port Finance on Coinbase.

The current market cap of Port Finance is $137.559K. A high market cap implies that the asset is highly valued by the market.

Over the last 24 hours, the trading volume of Port Finance is $235.00.

Assets that have a similar market cap to Port Finance include Croakey, Melon Dog, Gaga (Pepe), and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Port Finance is 32 million.