Saber pUSDT / pUSDC Pool with Port Finance

Saber launches a pUSDC / pUSDT liquidity pool in partnership with Port Finance.

pUSDC is a pToken, a derivative token that corresponds to an underlying loan on Port Finance. Lenders on Port deposit USDC and receive pUSDC, which accrues interest by gaining value against USDC. Users borrowing USDC deposit assets and generate pUSDC at a percentage of the collateral. pUSDT uses the same mechanism, but is associated with lending and borrowing USDT instead.

Saber and Port’s vision for this pool is to utilize Port Finance’s mechanism for fee-free swapping of USDC / pUSDC and USDT / pUSDC and a router. When users make USDC / USDT swaps on Saber, these trades can be routed through port finance and executed in the pUSDC / pUSDT pool. This way, LPs can provide liquidity in interest bearing assets while still receiving the fees from the larger USDC / USDT volume. Saber is actively developing this router now.

About Saber Labs

Saber is the leading cross-chain AMM for pegged assets on Solana, such as stablecoins and wrapped assets. As Solana’s core cross-chain liquidity network, Saber helps facilitate the transfer of assets between Solana and other blockchains. Users deposit crypto into a Saber liquidity pool to earn passive yield from transaction fees, token-based incentives, and eventually automated DeFi strategies.

About Port Finance

Port Finance provides a suite of money market products on Solana. They aim to provide variable rate lending, fixed rate lending and interest rate swaps. Their variable rate lending product is live on Solana mainnet with over $250M TVL, and their next phase of development will be focusing on fixed rate lending.

📰 INFO

https://blog.saber.so/saber-launches-pusdt-pusdc-pool-with-port-finance-ff9f8a161022