The PORT price update as of now is $0.009253. In the previous 24 hours, its trading volume was $13,988, and its value has decreased by -6.81%. As of now, PORT's live market cap is $194,304,150, and it is ranked as the #2639 on the Coincu. PORT has a circulating supply of 21,000,000,000 and a maximum supply of 21,000,000,000.

Port Finance: An Overview Port Finance is a decentralized money market protocol built on the Solana blockchain. The platform aims to offer a comprehensive range of lending products, including variable rate lending, fixed-rate lending, and interest rate swaps. The Port Finance team consists of experienced engineers from technology giants like Google, Facebook, and Microsoft, with previous contributions to Solana and Serum. The Distinctive Features of Port Finance As a money market within the Solana ecosystem, Port Finance leverages the speed and efficiency of the Solana blockchain to provide competitive lending and interest rate derivative products. The platform's goal is to establish a basic lending protocol that enables users to enter leveraged positions. How Collateral Deposits Operate on Port Finance A unique feature that sets Port Finance apart from other money market platforms is its support for multiple collateral types. Users have the flexibility to deposit various stablecoins and assets to create a collateralized position. Initially, Port Finance accepts collateral in the form of USDC, USDT, PAI, SOL, and SRM, allowing users to bundle these assets together to define their borrowing power. The Loan-to-Value Ratio on Port Finance The loan-to-value ratio on Port Finance determines the amount of capital a user can access based on their deposited collateral. In DeFi lending and borrowing protocols, over-collateralization is typically required to mitigate risks for lenders and account for asset volatility. Port Finance offers a maximum Loan-to-Value (LTV) ratio of 90% for stablecoins and 70% for more volatile assets like SOL. Using less than the available borrowing power reduces the likelihood of position liquidation, which we will discuss in detail later in this article. Interest Rates on Port Finance Port Finance sets its interest rates based on the borrowed assets' total value compared to the liquidity provided by lenders and depositors. The platform utilizes a predefined curve to determine these rates. Interest rates are influenced by asset price volatility, with more volatile assets experiencing greater fluctuations to incentivize liquidity pool deposits. Stable assets like USDC, USDT, and PAI have more gentle interest rate changes. The PortDAO: Empowering Community Governance Port Finance is committed to decentralization and aims to distribute governance to the Port community. The PortDAO will play a crucial role in making key decisions and steering the direction of the platform. Important matters for discussion within the PortDAO include liquidity mining rewards distribution, token support, and collateral risk parameters. PortDAO's governance module is based on the Tribeca Program, which Port Finance has contributed to along with several other leading protocols. The Tribeca Program features simplicity, locked voting, and is built with Anchor, making it easy to maintain and compose. Learn more about the Tribeca Program: https://docs.tribeca.so/ Roadmap: Future Plans Updating. Read more: CLICK HERE