Penguin Partners With Port Finance
Penguin Bond Family and Port Finance will work together to construct this new harbor in order to take on Protocol Owned Liquidity through bonding!
PORT/PAI bonding will go live on Wednesday, April 20th, 10:00am UTC
Port Finance is a non-custodial money market protocol on Solana. Its goals are to bring a whole suite of interest rate products including: variable rate lending, fixed rate lending and interest rate swap to the Solana blockchain.
The current variable rate product features variable interest rates based on supply & demand, cross collateral lending, and flash loans.
Port Finance is also the first protocol to offer fixed-rate lending on Solana mainnet. And they will be launching fixed-rate borrowing in the coming weeks.
As two projects equally committed to better liquidity, Port provides Solana users with a steady and varied choice of liquidity solutions, while they are providing bonding/staking services to Solana protocols in order to acquire Protocol Owned Liquidity.
Simultaneously, they offer a one-of-a-kind opportunity to assist long-term supporters of the protocol. The supporters can use LPs to purchase tokens at a discount, helping the protocol to deepen liquidity while eliminating the risk of Impermanent Losses that occur frequently when participating in liquidity mining.
About Port Finance
Port Finance is a decentralized Money Market protocol on Solana, aiming to provide a full suite of lending products including but not limited to: variable rate lending, fixed rate lending and interest rate swaps. Port Finance’s team brings engineering experience from tech companies like Google, Facebook, and Microsoft, and previous contributions to Solana and Serum.
About Penguin Finance
Penguin is a Liquidity-as-a-Service Platform that offers a one-stop solution for treasury management such as swap, bonding, and staking. A protocol can utilize the bonding service to acquire liquidity instead of renting it. Protocol-owned liquidity can help a protocol survive in the long run by staying with it during a downturn. Instead of fostering short-term involvement, token vesting will allow protocols to match their incentives and communities with their long-term goals.
