IPOR IPOR

IPOR is a DeFi credit market infrastructure that aims to bridge the gap between decentralized finance (DeFi) and traditional finance (TradFi) rates. It is developed by IPOR Labs, a company based in Zug, Switzerland, specializing in derivatives software products. IPOR consists of a decentralized benchmark interest rate called the IPOR Index and a set of smart contracts on the Ethereum blockchain. It also offers interest rate derivatives, such as interest rate swaps. The protocol serves as a two-way bridge, allowing users to arbitrage the difference between DeFi and TradFi rates and providing a fixed income yield bridge regardless of market conditions.

IPOR is unique compared to other cryptocurrencies because it is not just a cryptocurrency itself, but also a benchmark rate and a decentralized protocol. It is designed to reflect the credit activity across major money markets in DeFi. Unlike other cryptocurrencies that focus solely on value transfer or store of value, IPOR aims to provide a transparent and algorithmic rate that is calculated from on-chain protocol-to-protocol interactions. Additionally, IPOR is being developed by IPOR Labs, a firm specializing in derivatives software products, and its team consists of veterans in financial markets, cryptocurrency, and blockchain expertise.