Revolutionary DeFi Protocol IPOR to be listed on Bitget on Mar 22nd, 2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
Victoria, Seychelles, 20th March, 2023 - Bitget, the largest crypto copy trading platform, has announced the upcoming listing of IPOR in its Innovation Zone of the spot market. The deposit services for digital assets will be available from 7 AM on March 22nd, 2023 (UTC), with trading set to commence at 12 PM (UTC) on the same day.
IPOR Protocol is a decentralized interest rate derivative exchange that utilizes the Inter Protocol Over-block Rate (IPOR) index. It offers non-custodian on-chain interest rate swaps through the IPOR Index, IPOR AMM, liquidity pools, and Asset Management smart contracts. The protocol aims to bridge the gap between DeFi and TradFi by providing risk management tools, including interest rate derivatives and indices, for the emerging DeFi credit markets. This enhances stability and makes fixed-income investments more appealing to traditional finance players.
IPOR team's vast experience, with members who have been in the crypto industry since 2011, gives it important advantages. It includes three PhDs, quants with over 20 years of experience in fixed income, enterprise software developers with over 15 years of experience, and advisors for Cardano and founder of 1inch. The interest rate derivative market in TradFi is enormous, between 450 and 600 trillion notional, yet untapped in DeFi. The IPOR protocol ranks as the Top 5 derivative platform by TVL, with over $40 million, and the Top 2 on Ethereum.
Gracy Chen, Managing Director of Bitget, says: "As a leading crypto exchange in futures trading and copy trading, expanding the product offerings is our major strategy this year. Even in the bear market,
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