Port Finance is a decentralized money market protocol on Solana that offers a suite of lending products, including variable rate lending, fixed rate lending, and interest rate swaps. The platform aims to take advantage of Solana's high throughput and low latency to enable users to borrow more money with the same collateral compared to Ethereum alternatives. The project has a first-mover advantage in building money market products in the Solana ecosystem and was one of the winning projects at the recent Solana Hackathon. The project's token will have governance capabilities and a buy-and-burn mechanism, with a total supply of 100 million tokens and an initial market cap of $616,000.
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