#PortFinance Archives - Smart Liquidity Research

Port Finance Launches Hedge Innovation Zone

diane — Tue, 02 Aug 2022 13:46:45 +0000

Port Finance, a non-custodial money market protocol on Solana, launches Hedge Innovation Zone, in partnership with Hedge Labs, a protocol that enables the minting of USH, a stablecoin soft-pegged to the US dollar.

Port Finance launches Hedge Innovation Zone, an isolated lending pool, separated from the main Port pool, which aims to boost the usage of $USH in the Solana Ecosystem.

Introduction to Hedge

Hedge is a protocol that enables the minting of USH, a stablecoin soft-pegged to the US dollar. USH is minted on flexible terms and gives users instant access to the USH ecosystem.

Hedge allows users to take out 0% interest loans for a one-time fee by depositing collateral for USH. Users are incentivized to keep their collateral-to-debt ratio above 110% to avoid liquidation. When an undercollateralized vault is liquidated, users who have deposited USH in a stability pool are returned discounted collateral as a reward. USH is always redeemable for its underlying value, but a fee ensures the protocol is impacted infrequently.

How can users take advantage of this Hedge Innovation Zone?

Users can deposit $BTC/$SOL/$mSOL/$USH and borrow $USH, earnings of $HDG and $PORT are claimable at Penguin Finance.

$USH that is borrow can be redeposit back into the innovation hub. You can do this a couple of times folding it. If you are over-folding it, you might have a hard time unwinding the position if you don’t have spare currency, thus please proceed only if you are aware of such risk. (Fold strategy) AT YOUR OWN RISK!

Users can provide $USH-$USDC on Orca.so or Saber.so and yield 67%/27% APR respectively.

You can also form a LP with the borrowed assets and stake at Saros Finance.
(We do not endorse any of the above, please do your own due diligence before putting your money elsewhere!)

As always you can also liquidate other users who have reached 100% risk factor from the liquidate tab.

How can users obtain $USH?

Users can mint against $SOL, $mSOL, $wBTC, $USDC on Hedge.so/borrow
Users can also head over to Orca.so or Saber.so or Jup.ag and do a swap to obtain $USH tokens.

About Port Finance

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.

Website | Twitter

About Hedge

Hedge is a protocol that enables the minting of USH, a stablecoin soft-pegged to the US dollar. USH is minted on flexible terms and gives users instant access to the USH ecosystem.

Website | Twitter

SOURCE

https://port-finance.medium.com/port-finance-launches-hedge-innovation-zone-c6fe287aad66

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Amulet Official Partnership with Port Finance

diane — Thu, 07 Jul 2022 19:13:35 +0000

Amulet, a decentralized insurance protocol built for the Rust-based ecosystem, announced its official partnership with Port Finance, a suite of money market products built on Solana.

Amulet has confirmed its official long-term partnership with Port Finance, the first non-custodial liquidity protocol also built on the Solana blockchain.

The platform, which is due to launch on the mainnet in September, will provide simple and reliable insurance for everyone in web3. Launching on Solana and being backed by Solana Ventures, Amulet plans to combat the ongoing issue of hacks and fraud within the industry by providing protection through insurance solutions. Starting with smart contract vulnerability insurance and moving on to stablecoin depeg insurance, Amulet will also enter the worlds of GameFi and the Metaverse.

As per Amulet’s pre-launch planning, they were keen to confirm partnerships with others who are doing incredible things within the industry and through the power of Solana.

Overview of Port Finance

Port Finance is a lending protocol that aims to provide an entire suite of fixed income products including variable rate lending, fixed rate lending and interest rate swaps.

The current variable rate product that Port Finance features variable interest rates based on supply and demand, cross collateral lending, and flash loans. Port Finance seeks to be the liquidity gateway for the Solana DeFi ecosystem through simpler user interfaces, lower collateral requirements, and adjustable liquidation thresholds based on volatility and liquidity.

This year (2022) has been extraordinary for Port Finance as they have met all expectations by smashing their roadmap targets. January saw the launch of their governance, while they have made strands in improving their product particularly with fixed-rate borrowing and interest rate swap solutions.

Partnership Highlights

Bot platform will focus on protecting users’ digital assets, collaborative marketing activities and highlighted the prospect of Solana and the ecosystem.

Port Finance have always taken their users safety as a main priority. As a result, they have been successfully audited by Bramah Systems and Kudelski security as well as a bug bounty program with Immunefi.

This partnership with Amulet will strengthen their ties to user protection. Indeed, both teams will collaborate on the ever-evolving risks involved within our industry.

“We are so excited to confirm our partnership with Port Finance. We’ve known the team a while and we’ve always been really impressed by their passion for improving security options within the industry. As another company who uses the Solana ecosystem, we have a real opportunity to do something sensational together knowing we’re using the most powerful blockchain in the world to buidl! We look forward to collaborating on different activities in the coming months.”

Rupert Barksfield, Project Lead, Amulet

About Port Finance

Port Finance is a non-custodial money market protocol on Solana. Indeed, its goals are to bring a whole suite of interest rate product. Including variable rate lending, fixed rate lending and interest rate swap to the Solana blockchain.

About Amulet

Amulet, a decentralized insurance protocol built for the Rust-based ecosystem, starting with the Solana blockchain.

Website | Twitter

SOURCE

https://amulet.org/blog/amulet-protocol-and-port-finance-confirm-an-official-partnership-with-a-focus-on-protecting-digital-assets/

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Port Finance Integrates Notifi Network

Eris — Wed, 29 Jun 2022 19:10:18 +0000

Notifi Network is thrilled to announce its integration with Port Finance, an innovative lending protocol built on Solana that features an extensive suite of fixed-income products.

Notifi is a messaging layer for Web3, announced customer notifications for Port Finance to further enhance their user experience. By providing users with push alert notifications for critical liquidations and general management notifications.

Currently, DeFi users experience the daunting task of constantly having to monitor Discord, Twitter, & dApps to stay up to date with their holdings. This has become a constant pain point for web3 users who lack the appropriate tooling services to save them time & effort during these volatile & unpredictable events.

Additionally, given the rise of turbulence in the markets, users eagerly need the proper infrastructure & tooling to manage their assets in the event of market volatility. Furthermore, Notifi stepped in to provide these features for Port Finance to prevent any disaster that could be caused from a lack of communication which has been an ongoing issue in DeFi as of late.

Why Port Finance?

Port Finance, users will now be able to receive notifications via SMS/Email/Telegram instantly. Notifications are an essential feature for Port Finance users who will now be updated on liquidations. And also have confirmation emails sent directly to their inbox of choice. Furthermore, users will now be able to opt-in for project update alerts delivered to their platform.

“Providing an exceptional user experience has always been a top priority at Port Finance, and our latest integration with Notifi’s push notifications is a testament to our mission statement of further elevating our customers experience.” — YK from Port Finance

About Port Finance

Port Finance is a lending protocol that aims to provide an entire suite of fixed income products. It includes variable-rate lending, fixed-rate lending and interest rate swaps. They are backed by market-leading investors, including Alameda Research, Jump Capital, Morningstar Ventures & many more. Its core contributors are a team of close-knit engineers with backgrounds from Google, Facebook, and Microsoft. In addition, the team have also contributed open-source code for Serum and Solana.

WEBSITE | TWITTER

About Notifi

Notifi is the Twilio for Web3. Notifi simplifies communication across all Web3 messaging channels. The Notifi platform is designed with simple APIs for easy integration, customizable, and advanced features for dApps and Web3 applications. In addition, Notifi empowers developers to better engage with their users via multichannel communications.

WEBSITE | TWITTER

SOURCE: MEDIUM

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Port Finance Integration with Notifi

diane — Sat, 25 Jun 2022 10:58:05 +0000

Port Finance, a suite of money market products built on Solana, announced its latest integration with Notifi, a messaging infrastructure for dApps to engage with their users in Web3.

Integration Highlights

This integration of Port Finance with Notifi, allows its platform to have embedded notifications and messages into its decentralized applications.

However, this is an extremely important feature for Port Finance to have as a lending and borrowing protocol. Its users will be updated on liquidations and confirmation emails directly through their updated contact details such as phone, email, and telegram!

How do Notifications work?

1️⃣ Head over to their website: mainnet.port.finance/#/lendingMarke

2️⃣ Then, click on the bell icon which is located beside the connect the wallet option!

3️⃣ Lastly, fill up relevant details and opt in for the notifications that you would want to receive!

Port Finance Broadcast Messages
Get deposits alerts
Get liquidation alerts

Overview of Notifi

To begin with, Notifi is building the future of Web3 Communication Infrastructure. In short, it embed notifications and messaging into your decentralized applications – starting with Solana.

Indeed, Notifi powers personalized interactions and communications between Web3 developers and their users.

Reach Users Anywhere

Easily connect via APIs and start building without having to start from scratch. While, they are continuing to add more channels!

Prioritize Important Notifications

Eventually, revamp your user experiences with seamless communications that engages and provides focus with prioritized notifications.

Tailor Messaging Experiences

Lastly, build deep relationships to deliver messages that your users care about with efficient one-on-one messaging, and wallet to wallet notifications.

About Port Finance

Port Finance is a lending protocol, built on Solana, that aims to provide an entire suite of fixed income products including variable rate lending, fixed rate lending and interest rate swaps.

Website | Twitter

About Notifi

Notifi is Twilio for Web3. Notifi simplifies communication across all Web3 messaging channels. The Notifi platform is design with simple APIs for easy integration, customizable, and advanced features for dApps and Web3 applications. In sum, Notifi empowers developers to better engage with their users via multichannel communications.

Website | Twitter

SOURCE

GM Port Mates!

Happy to share our latest integration with @NotifiNetwork, which allows @port_finance to have embedded notifications and messages into our dapp.

— Port Finance (@port_finance) June 24, 2022

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