IPOR v2: From the Heartbeat of DeFi to its Credit Hub

Key takeaways: <ul> <li>IPOR v1 focused on building MVP credit market fundamentals such as the IPOR benchmarks and swaps and evaluating their performance.</li> <li>A major takeaway from IPOR v1 is that the benchmarks and swaps and their underlying technology need to be simplified so as to become usable by a wider range of participants.</li> <li>IPOR v2 is a rolling release that starts with the upgrade of the derivatives engine, and then an expansion of composable products leveraging the new swaps and architecture.</li> <li>In addition to improved usability, IPOR v2 focuses on several major themes that are driving DeFi, namely: LSDs, liquid fixed rates, LP leverage, RWA bridging, and offering the best low-risk yields.</li> <li>The IPOR Protocol v2 infrastructure is completely revamped to accommodate a new term structure, a new risk oracle, and an improved AMM spread calculation and swap optionality approach.</li> <li>IPOR v2 also introduces the “Stake Rate Swap” — an adapted instrument that allows users to exchange fixed for floating ETH staking rates.</li> <li>IPOR v2 aims to create a yield bridge on which assets can flow seamlessly between TradFi and DeFi seeking the best yields on the market.</li> <li>With v2, IPOR is becoming the base for structured products in DeFi giving simple risk management functionalities to players big and small.</li> <li>Post-IPOR v2, IPOR LPs will be able to access the underlying Protocol yield but also borrow against their LP tokens.</li> </ul> <h1>Memes, Cycles, and the Middle Game</h1> Pepes everywhere. We are so back! It’s so over. WAGMI. GM. The crypto markets seem to run on memes and cycles. Sometimes we have to step back, get a rational head, and visualize the future. It’s easy to get caught up in the cycles and sentiment but the IPOR Protocol DGAF. <blockquote> It’s designed to literally be a cornerstone piece of #TheFutureOfFrance. </blockquote> IPOR v1 brought the introduction of the Index and Swaps as the base of the credit markets. It focused on the fundamentals of what can become building blocks for DeFi credit markets:  The IPOR Index - a benchmark rate for DeFi.  The IPOR Interest Rate Swaps - the risk management primitive.  The IPOR AMM - designed specifically for volatile DeFi rates. The Asset Manager - the base of the decentralized investment bank. Think of v2 as the middle game, building out the product suite that leverages the underlying Protocol and improves on the v1 construct. I’ll cover this extensively below. Inevitably this brings up the question of what the future looks like, with IPOR as the base layer of the DeFi credit markets. <a href="https://blog.ipor.io/ipor-v2-from-the-heartbeat-of-defi-to-its-credit-hub-5545dd01c2d">Website</a>