IPOR, the First Benchmark Rate for DeFi and Interest Rate Derivatives DEX, goes live on Ethereum
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Tuesday, August 16, 2022
ZUG, Switzerland, Aug. 16, 2022 /PRNewswire/ -- IPOR Labs AG, developers of blockchain-based derivatives software, announced today the launch of its IPOR (Inter-Protocol Overblock Rate) Protocol, which includes the IPOR Index, a standardized benchmark rate based on actual smart contract transactions, and the IPOR Interest Rate Derivatives DEX, allowing traders to hedge, arbitrage, or take a directional position on the interest rate movements to manage risk across their credit portfolios on Ethereum.
Key Points:
- Taking a cue from traditional finance, IPOR is bringing tried and true fundamentals of the $450 trillion interest rate derivatives market to form the base layer of the DeFi credit markets.
- IPOR Labs AG, the firm that is developing the IPOR Protocol, was founded by crypto and TradFi market veterans.
- We're looking to offer a public good with the IPOR Index that offers a fully transparent and auditable benchmark rate and interest rate derivatives to manage risk.
- The IPOR Protocol consists of two parts:
The IPOR (Inter-Protocol Overblock Rate) Index, a LIBOR-like benchmark interest rate sourced directly from DeFi smart contracts, is the core of the protocol.