Lend crypto on Port Finance

ProjectPort Finance
ChainSolana
Time10 minutes
Reward$1 in SOL

What is Port Finance?

Port Finance is a non-custodial money market protocol with goals to bring a whole suite of interest rate products: variable rate lending, fixed-rate lending, and interest rate swap. This essentially allows for lenders to lend at a fixed rate, and the borrowers to take on the fixed-rate, fixed-term loan.

These features are done through complex statistics that take into account various assets and wallets that Port Finance supports. 

Port Finance has a total supply of 100 million, with 33% in the Ecosystem, 31% in the Liquidity Incentives, 20% in the Team, 10% in Fund raising, 4% in Initial Liquidity, and 2% in Advisors. 

What we’ll do in this tutorial

We will be going through, step by step, how to get started on Port Finance and Deposit some Crypto into a borrowing pool. You will need a Phantom wallet and some assets.

1. Go to Port Finance’s website

Go to this link to get started. 

Launch the app and connect your Phantom Wallet to Port Finance

2. Link Phantom Wallet to Port Finance

Click on the Connect Wallet button (top right-hand corner), and select Phantom Wallet

Phantom will pop up, asking for confirmation.

Confirm the connection.

3. Deposit some assets

Head to the Deposits/Borrows Section and choose an asset to Deposit. 

Once you’ve chosen an asset, click on it and choose how much you want to deposit

Each cryptocurrency has a different Deposit APY, and they tend to fluctuate.

With the assets you’ve deposited can hold them as collateral when you borrow other currencies (less in value than what you’ve deposited).

4. Claim your reward! 🎁

You've completed the required steps, and it's time to get paid! The final step is submitting a reward claim so we can verify you've completed the tutorial.

Click the “Claim Reward” button at the top of the page.

Fill in the address of the wallet you used for this tutorial.

Submit the form and wait!

We’ll confirm that you deposited assets on Port Finance and send over $1 of SOL as a reward!