What Is IPOR Labs?
IPOR Labs is a cutting-edge project developing an Inter Protocol Over-block Rate (IPOR) ecosystem. This ecosystem is a new version of the traditional LIBOR and SOFR indices, designed with a crypto-native spin to eliminate centralization and improve transparency.
Background
Darren Camas and Dimitar Dinev founded Ipor Labs in 2021.
How it Works
At the center of the IPOR Labs ecosystem is the IPOR index, supplemented by the IPOR AMM and asset management contracts that revolve around the IPOR rate. Users can obtain IPOR, the protocol’s governance token, and stake it to receive non-transferrable Power IPOR (pwIPOR) tokens. These pwIPOR tokens empower users with voting/delegation rights and elevated liquidity mining rewards.
Key Takeaways
- IPOR Labs is a project developing an Inter Protocol Over-block Rate (IPOR) ecosystem, a new version of traditional financial indices like LIBOR and SOFR.
- The IPOR ecosystem is designed to eliminate centralization and improve transparency in the finance world.
- IPOR Labs was born out of the need for a more decentralized and transparent version of existing financial indices.
- The center of the IPOR Labs ecosystem is the IPOR index, supplemented by the IPOR AMM and asset management contracts.
- Users can obtain the governance token, IPOR, and stake it to receive non-transferrable Power IPOR (pwIPOR) tokens, which provide voting rights and elevated liquidity mining rewards.
