• Founded 1 year ago in 2022.
• Use anonymously. No KYC required.
• Decentralised exchange.
Arbor Finance, previously known as Porter Finance, is founded by Russell Ratcliffe and Cameron Schorg. The platform is a marketplace for bonds where DAOs can borrow stablecoins by collateralizing their tokens. The platform’s mission is to help DAOs finance their growth and operations by issuing bonds, similar to how companies issue bonds to finance their long-term liabilities. While there are not many details about the investors, backers, team, and founders on Crunchbase, the platform is gaining attention in the DeFi space.
The platform is relatively new and has only seen two crypto bond issuances so far: Ribbon Finance in June 2022 and ShapeShift DAO in December 2022. The platform does not offer swap, exchange, staking, farming, or liquidity pool services. The user interface is straightforward and easy to navigate, although the platform is designed for industry professionals rather than individuals. The platform has a very unique and innovative product only which is crypto-backed bonds.
The bonds issued on the platform are over-collateralized, and if a DAO fails to make the payment at the maturity date, the collateralized tokens will be released and distributed to bondholders. Bondholders can immediately sell their tokens in a secondary market to cover their investments, making the investment more secure in case of a drop in the price of the underlying token. The platform offers two types of bonds: simple bonds and convertible bonds.
Unlike many DeFi protocols, Arbor Finance does not have a utility token. However, early users can participate in an airdrop. While there is no information available on the platform's website regarding security audits, it is common practice for DeFi protocols to undergo multiple audits to ensure the safety of user funds. As always, it's essential to conduct your own research and due diligence before investing in any cryptocurrency or DeFi protocol.
Rate You Can Earn on Arbor Finance | |
---|---|
ZKSP
|
14%
APY
|
Year founded | 2022 |
Decentralised |
|
Know your customer |
|
Credit check |
|
https://arbor.finance/ |
We always rank and compare products objectively and impartially.
We carefully research products for legitimacy before adding them to the platform.
We never sell or disclose your data to anyone.