Cryptocurrency News

DeFi protocol Porter Finance shuts down bond issuance platform after just one month

07/07/2022

Less than a minute

2022.07.07 06:00

DeFi protocol Porter Finance shuts down bond issuance platform after just one month

Porter Finance, a decentralized finance, or DeFi, protocol based on the Ethereum (ETH) blockchain, announced Tuesday that it was shutting down its bond issuance platform. In explaining the discussion, Porter Finance said:

Just last month, Porter Finance unveiled the first-of-a-kind service in partnership with Ribbon DAO to issue 3,103,224 convertible bonds redeemable for 1 USDC with a maturity date of Dec. 4, 2022. At the time, each bond was issued at a discounted price of 0.9667 USDC per bond with a yield to maturity of 7% after accounting for interest.

07/07/2022

Less than a minute

Leave a Reply Cancel reply

You must be logged in to post a comment.

Bitcoin (BTC) $ 104,044.88 2.80%

Ethereum (ETH) $ 3,867.73 2.29%

XRP (XRP) $ 2.46 6.29%

Tether (USDT) $ 0.999955 0.09%

BNB (BNB) $ 714.89 1.92%

Solana (SOL) $ 215.81 5.25%

Dogecoin (DOGE) $ 0.384209 4.41%

USDC (USDC) $ 1.00 0.09%

Lido Staked Ether (STETH) $ 3,860.93 2.08%

Cardano (ADA) $ 1.02 5.73%

TRON (TRX) $ 0.27257 5.08%

Avalanche (AVAX) $ 46.27 6.35%

Chainlink (LINK) $ 27.36 2.71%

Wrapped stETH (WSTETH) $ 4,585.07 2.23%

Shiba Inu (SHIB) $ 0.000026 5.69%

the-open-network

Toncoin (TON) $ 5.70 4.86%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 103,702.78 2.75%

Sui (SUI) $ 4.60 1.51%

Stellar (XLM) $ 0.419798 5.46%

Polkadot (DOT) $ 8.22 5.39%

hedera-hashgraph

Hedera (HBAR) $ 0.295563 2.91%

WETH (WETH) $ 3,870.38 2.13%

Bitcoin Cash (BCH) $ 518.36 3.16%

Uniswap (UNI) $ 15.55 3.83%

Pepe (PEPE) $ 0.000021 7.64%

LEO Token (LEO) $ 9.67 0.61%

Litecoin (LTC) $ 115.69 1.79%

Hyperliquid (HYPE) $ 24.60 7.53%

NEAR Protocol (NEAR) $ 6.13 10.21%

Wrapped eETH (WEETH) $ 4,079.31 2.06%

Aptos (APT) $ 12.80 4.00%

Ethena USDe (USDE) $ 1.00 0.04%

Bitget Token (BGB) $ 4.20 9.99%

internet-computer

Internet Computer (ICP) $ 11.89 4.32%

Aave (AAVE) $ 366.70 0.29%

USDS (USDS) $ 0.998915 0.43%

crypto-com-chain

Cronos (CRO) $ 0.18537 4.38%

Ethereum Classic (ETC) $ 31.60 4.46%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.547444 6.58%

VeChain (VET) $ 0.054013 7.11%

Render (RENDER) $ 8.32 6.22%

Artificial Superintelligence Alliance (FET) $ 1.58 3.84%

Monero (XMR) $ 220.83 1.04%

Arbitrum (ARB) $ 0.936135 3.97%

Mantle (MNT) $ 1.17 4.56%

Bittensor (TAO) $ 525.19 1.56%

MANTRA (OM) $ 4.10 2.78%

Filecoin (FIL) $ 6.06 6.10%

WhiteBIT Coin (WBT) $ 25.01 1.44%

Kaspa (KAS) $ 0.137585 3.87%