Bringing Interest Rate Swaps to Arbitrum’s Derivatives Ecosystem
After underwriting more than $4.3b in interest rate swaps on Ethereum, IPOR is bringing the critical missing piece to Arbitrum’s derivatives ecosystem.
After the unanimous approval of IIP-15 on January 14, the IPOR Protocol is launching on Arbitrum!
The IPOR Protocol DAO is thrilled to share that the IPOR wstETH pool is already available on Arbitrum One, with stETH Stake Rate Swaps coming up in the next few days!
💦 Liquidity Mining is ON. Zap in!
pwIPOR liquidity mining rewards are already being distributed to LP newcomers on Arbitrum, with the APR currently at:
💨 Be quick if you want to get a larger piece of the yield pie by zapping into the Arbitrum wstETH pool:
📈 $IPOR Trading is ON!
The IPOR/ETH pool on Camelot was launched yesterday.
IPOR token contract on Arbitrum: arbiscan.io/address/0x34229B3f16fBCDfA8d8d9d17C0852F9496f4C7BB
⏳ Upcoming: stETH Stake Rate Swaps
IPOR is bringing in the missing piece of the derivatives ecosystem in Arbitrum, and offering the #1 largest derivative from TradFi.
The derivatives ecosystem on Arbitrum can be split into two sides:
- Asset trading.
- Credit/Yields.
It is currently heavily skewed towards asset speculation with perps and options. Pendle is a giant on the yields side but focuses on the yield stripping market, which is akin to a bond coupon market.
A pure interest rate derivative market is one of the last major pieces missing from the Arbiturm derivative ecosystem. That’s IPOR.
🔎 Why Arbitrum?
1️⃣ Ecosystem
With 538 protocols, according to DeFiLlama, Arbitrum is the third largest ecosystem in crypto.
Moreover, it is a derivatives and DeFi-rich L2 with the top protocol there — GMX — falling into the derivatives category.
With so much trading happening on Arbitrum, it’s only natural to bring interest rate swaps to the mix and enable users to experience the #1 derivatives product in TradFi.
2️⃣ Liquidity
Liquidity is the most important prerequisite for a well-functioning financial product, service, or asset. The more liquidity there is, the more efficient the pricing is.
Liquidity is also essential for the IPOR Protocol.
The more liquidity in IPOR pools, the higher the value of swaps that traders and hedgers could open.
The l2beat table below clarifies which Ethereum L2 is the most liquid.
IPOR liquidity pools are cozy places for crypto assets, generating top real-yield and liquidity mining rewards with pwIPOR APR boosting.
3️⃣ Gas Fees
Since most DeFi users fall in the retail category, gas fees are important when performing actions on-chain. Traders trying a new instrument for the first time are also expected to be cautious about on-chain fees. While DeFi actions on the Ethereum mainnet might not be painful for whales, for the rest of us gas fees are important when performing actions on-chain.
The image below says it all.
For the first time, DeFi participants can experience IPOR interest rate swaps in a low gas fee environment!
⏳ Community Initiatives
As part of the Arbitrum launch campaign, the IPOR Labs team is setting up several campaigns.
⚡ LIVE NOW: Zap-in Competition on Galxe
Liquidity providers that zap into IPOR’s new wstETH pool on Arbitrum will have the chance to earn $IPOR rewards.
All you need to do is zap in with more than $10 worth of crypto assets and follow IPOR on X.
➡️ JOIN HERE ⬅️
5 randomly selected winners will each get $50 worth of IPOR.
The kink represents the minimum pwIPOR boost of your liquidity mining position that gets you a good APR (still below average though).
🪖 Upcoming: Arbitrum Portal Mission
To properly introduce the IPOR Protocol to the Arbitrum ecosystem, an Arbitrum Portal mission dedicated to IPOR will be launched in the next few days.
The mission will help newcomers understand the IPOR protocol through easy quizzes and feature on-chain campaigns that participants must complete to qualify. Anyone who completes the full mission will receive a piece of the rewards pool.
Rewards pool: 10,000 $IPOR
📊 Upcoming: Trading Competition
A stake rate swap trading competition on Arbitrum will be launched later this month. Expect big $IPOR rewards! Follow IPOR on X (if you still haven’t) to stay up to date with all announcements.
Leave a comment below if you have any questions. Be sure to join our Discord community to receive the most relevant updates on the IPOR Protocol and Interest Rates in DeFi. Meaningful product discussions are highly valued, and spam is strongly discouraged. Be cautious, and don’t fall for impersonators.
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