They call it The heartbeat of DeFi, let's explore this great project with confirmed Token and everything you can do today.
WE (AlphaInsiders) ARE NOT FINANCIAL ADVISORS.
THIS IS NOT FINANCIAL ADVICE.
Everything in this thread is intended as educational material, not financial advice for any individual. ALWAYS DYOR.
⭕️ Whats IPOR?
IPOR refers to a set of protocols, smart contracts, and software that forms a set of Decentralized Applications (DApps) for Decentralized Finance (DeFi) focused on interest rate derivatives.
First, the IPOR rates are meant to be a public good.
The rate data may be freely viewed on the ipor.io, the index rates are published on-chain via an oracle construction, and different data providers & services report the IPOR rates so the general public can have a transparent view of the benchmark interest rate.
⭕️ Why is it matter?
🔸Speculators are able to long/short interest rates. With IPOR Interest Rate Derivatives this will be possible with leverage.
🔸Through the use of interest rate derivatives the trader is able to capture a risk free arbitrage between two stablecoins.
🔸IPOR is a composite of the interest rates from multiple credit market. if u want to hedge your loans & cover basis risk you would need to distribute your loans between multiple markets to closely follow the IPOR Or alternatively use products that use IPOR as an interest rate
⭕️IPOR Manifesto
To better understand the purpose and ethos of the IPOR protocol, Read Below
🔸https://www.ipor.io/manifesto
⭕️ Token
The IPOR token is the protocol's native token issued to the parties involved with the project: builders, investors, protocol users, and the like. It's an ERC20 token issued on L1 Ethereum with a Total supply of 100M.
Since they believe in DAO you can expect an Airdrop
⭕️ What you can do?
🔸Testnet on Goreli
🔸Swap and Providing liquidity on Mainnet
🔸 Crew3 tasks
Start with doing crew3 tasks to learn the requirements for some quests so you don't have to play multiple fees.
⭕️Always check a few things when Swapping
🔸Fee & Deposit
🔸Leverage
🔸Slippage
if you just testing don't keep the trade open for long / close it right after
⭕️What Else:
🔸Join their discord and share feedback
🔸Follow @AlphaInsiders for future updates
🔸and you can join our private discord server to learn about other airdrops and ask questions, and participate in giveaways.
if you don't wanna miss the next Alpha/Airdrop Make sure to follow 🚨 @AlphaInsiders and Like/RT the FIRST tweet for the Twitter algorithm ♥️
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