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. The core IPOR infrastructure consists of three main parts: the IPOR Index (Index), Liquidity Pools with an Automated Market Maker (AMM) and Asset Management smart contracts. The first type of interest rate derivatives supported by the AMM are Interest Rate Swaps (Swap or IRS). The system also incorporates a Decentralized Autonomous Organization (DAO) and a Treasury in the spirit of decentralization.

The IPOR Index:

• The IPOR Index is a benchmark reference interest rate sourced from other DeFi credit protocols and is published on-chain based on the heartbeat methodology. This component is the cornerstone of the IPOR protocol. In fact there will be multiple IPOR Indices representing the risk free interest rate for a corresponding asset such as IPOR USDT, IPOR DAI, IPOR ETH and so on. There will also be time based rates such as IPOR USDC 1M, 3M, 6M and so on for each asset as the yield curve develops.

Liquidity Pools and AMMs:

• The Liquidity Pools and AMM work together to form a collective community counterpart for trades. Decentralized depositors can earn yield on deposits by providing a trade counterpart for market participants. In exchange the liquidity providers receive a proportional share of net contract payouts, contract fees, and a leveraged risk free return from the money markets.

Derivative Contract and Swap:

• The derivative contracts are based on the IPOR rate and the AMM pricing to open a derivative contract between a market participant and the pool. The contract manages the agreement between the market participant and the LP, and once closed allocates the parties the corresponding contract payoff.

IPOR DAO:

• The IPOR DAO is intended to be a fully on-chain governance mechanism that allows community token holders to make decisions about the protocol with respect to development, maintenance, updates, proceeds, and finances.

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. The intention behind the IPOR token is to enable the protocol users to take ownership of IPOR as it transitions to a fully decentralized DAO;
• Total supply: 100.000.000.

Fundraising:

The project has raised $5.55m from Arrington Capital, Cryptos Capital,Space Whale Capital, New Form Capital, CMT Digital и GSR.

The project will have a token. The likelihood that this token will be distributed by airdrop to early adopters is high. The project works on both a testnet and a mainnet. Getting a drop for the mainnet is much higher, but it's also worth interacting with the testnet. About the whole thing in order: