Porto Labs is building synthetic assets on Sui backed by Sui-native assets. Users will be able to mint assets like pUSD, pETH, and pBTC using SUI (and other Sui-native assets) as collateral to gain leverage. Holders of these tokens will be able to get exposure to the underlying asset on Sui without needing to trust a bridge’s security.
In doing so, Porto Labs will enable a resilient, bridge-proof DeFi ecosystem to flourish on Sui.
☃️ Happy Holidays, Porters! We're just at the beginning of our journey ... https://t.co/8PeBAZCeRY
🌊 Have a good week, Porters! Let us know what sui-related project you're bullish? We're looking for exciting partnerships. #PortoLabs #Sui
Hey, Portogens! Or Porterians? Our community needs recognition. Let's choose a better Porto-related name! Vote for your favorite one or make up your own. More details in Discord: #PortoLabs #Sui