THELOGICALINDIAN - PRESS RELEASE AscendEX a all-around cryptocurrency banking belvedere with a absolute artefact apartment is aflame to advertise the Port Finance badge PORT beneath the brace USDTPORT on Aug 9 at 2 pm UTC
Port Finance is a money-market, non-custodial clamminess agreement on Solana. They aim to accommodate a absolute apartment of lending products, including variable-rate lending, fixed-rate lending, and absorption amount swap. Their abstraction is to booty advantage of the advance in admeasurement and adequacy of the Solana network.
Port Finance brings absorption amount markets to the Solana ecosystem. It leverages the Solana blockchain’s aerial acceleration and low cessation with a artefact apartment that includes capricious amount lending, fixed-rate lending, and absorption amount swaps. Port Finance takes a three-step approach; they accommodate a baseline lending agreement agnate to Compound and Aave on Ethereum. Secondly, they barrage a anchored amount lending agreement that utilizes the Serum adjustment book. And finally, they body out an absorption amount bandy bazaar that uses the Serum adjustment book.
Their focus is on leveraging the abstruse advancements of the Solana blockchain and the Serum ecosystem to accompany lending articles to the bazaar that are difficult to apparatus on Ethereum. By utilizing the Solana blockchain’s low cessation network, Port Finance will acquiesce the user to borrow added with the aforementioned bulk of accessory compared to Ethereum articles such as Compound and Aave.
In the future, they plan to barrage fixed-rate borrowing utilizing the Serum adjustment book. This will acquiesce the user to adjudge on a borrowing amount application a alive bazaar instead of a band ambit while additionally accouterment a anchored absorption amount product. In addition, the built-in badge PORT is activated as a babyminding badge and to allotment agreement fees with a buy and bake process.
The aggregation is fabricated up of tech and accounts veterans with able abstruse backgrounds accepting ahead formed at companies such as Google, Facebook, Microsoft, and trading firms. The aggregation met in London while belief Computer Science at Imperial College. The aggregation has additionally contributed to Solana and Serum open-source cipher development.
About AscendEX
AscendEX (formerly BitMax) is a all-around cryptocurrency banking belvedere with a absolute artefact apartment including spot, margin, and futures trading, wallet services, and staking abutment for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX casework over 1 actor retail and institutional audience globally with a awful aqueous trading belvedere and defended aegis solutions.
AscendEX has emerged as a arch belvedere by ROI on its “initial barter offerings” by acknowledging some of the industry’s best avant-garde projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum. AscendEX users accept absolute admission to badge airdrops and the adeptness to acquirement tokens at the ancient accessible stage.To apprentice added about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to accompany the best altcoins to its users, amuse appointment www.AscendEX.com.
For added advice and updates, amuse visit:
Website: https://ascendex.com
Twitter: https://twitter.com/AscendEX_Global
Telegram: https://t.me/AscendEXEnglish
Medium: https://medium.com/ascendex
About Port Finance
Port Finance is a money-market, non-custodial clamminess agreement on Solana. They aim to accommodate a absolute apartment of lending products, including variable-rate lending, fixed-rate lending, and absorption amount swap.
For added advice and updates, amuse visit:
Website: https://port.finance/
Twitter: https://twitter.com/port_finance
Telegram: https://t.me/port_finance
Discord: https://discord.com/invite/nAMXAYhTb2
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