Gate.io is going to commence Port Finance(PORT) trading on Sep 23nd, 2021 04:00AM UTC.
About Port Finance(PORT):
Port Finance aims to provide a whole suite of money market products. We aim to provide variable rate lending, fixed rate lending and also interest rate swap. Currently we are the leading borrowing and lending protocol in the Solana eco-.
Token symbol：PORT
Website：https://port.finance
Contract：PoRTjZMPXb9T7dyU7tpLEZRQj7e6ssfAE62j2oQuc6y
Port Finance(PORT)Trading starts: Sep 23nd, 2021 04:00AM UTC
Deposit Port Finance(PORT) at https://www.gate.io/myaccount/deposit/PORT
Trade Port Finance(PORT) in USDT market via: https://www.gate.io/trade/PORT_USDT
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Gate will open an Automated Market Maker (AMM ) for PORT, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from the liquidity pool transaction fee and GT token rewards from the liquidity reward pool. High annual rate rewards with security.
AMM Trading Market and AMM Liquidity Mining
Gate.io has launched a new version of the liquidity pool (centralized automated market maker (AMM) transaction service) on August 1st, 2021: allowing most of the new currency and non-mainstream currency markets to obtain the same liquidity advantage as Uniswap, and allows users to enjoy the low-cost and high-quality user experience of the centralized platform. Gate.io will continue to add different currencies, please pay close attention to follow-up announcements.
The rules for markets to upgrade to the Automated Market Maker (AMM) model are as follows:
1) Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)
2) A fixed percentage (such as 50%) of the transaction fee will automatically be changed into GT through the open market and put into the AMM Reward Pool.
3) Anyone can become a liquidity provider (LP) and get the transaction fee rewards from the liquidity pool and the GT rewards that are invested in the liquidity bonus pool.
4) Liquidity providers provide liquidity to the market, but they need to bear in mind the risk of impermanent losses. For example, if the market price doubles, the impermanence loss is about 7%, and if the market price drops back to the original point, the impermanence loss disappears.
5) Liquidity providers can take bonus and withdraw at any time
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Gate.io Team
Sep 22, 2021
