Portal Finance Announcements

2022-09-29 10:48:22 How Portal is making Wrapped Tokens a Thing of the Past!

With Portal DEX, a robust dApp on top of the Bitcoin Network as a layer powered by Fabric. 

Wrapped tokens enable cross-chain trades but entail greater risk. In 2022 alone, crypto bridges lost a whopping $1.4 billion in hacks. 

Portal DEX facilitates cross-chain transactions with atomic swaps while maintaining unbreachable security to crypto assets, unlike wrapped tokens. 

Read more: https://medium.com/portal-finance/how-portal-is-making-wrapped-tokens-a-thing-of-the-past-3a5a30b23ab0

A Financial Internet Built on Bitcoin

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2022-09-27 21:10:35 Wrapped tokens are a notably flawed solution addressing blockchain interoperability.

"It is neither trustless nor decentralized to lock and wrap money onto other chains" - Hackernoon

Read more: https://hackernoon.com/dex-portal-to-bring-multichain-exchange-without-the-need-for-wrapped-tokens

Wrapped tokens require the user to relinquish custody of their assets - a proven security risk.

"Wrapping assets on other chains basically inherits the guarantees of an IOU." - Chandra Duggirala explains in the Crypto Daily feature: https://cryptodaily.co.uk/2022/02/the-curse-of-cross-chain-bridges-and-wrapped-tokens-put-users-at-risk

Portal is a decentralized protocol powered by Fabric, a general-purpose "computation market", and a layer-2 digital assets exchange for facilitating cross-chain atomic transactions.

A Financial Internet Built on Bitcoin

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2022-09-20 20:45:57 “We’re buckling in, hiring the best engineering and design talent in the world, and polishing things up–– and getting them as quickly as we can in the hands of users."

- Eric Martindale, CEO of Portal & founder of Fabric Protocol.

Portal is a decentralized protocol powered by Fabric, a general-purpose "computation market", and a layer-2 digital assets exchange for facilitating cross-chain atomic transactions.

A Financial Internet Built on Bitcoin

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2022-09-15 11:03:52 #DeFiKey : Decentralization

Portal replaces centralized models by offering decentralized, censorship-resistant apps as layers on Bitcoin –– with the same speed and liquidity as its centralized alternatives.

Spread the word: https://twitter.com/portal_finance/status/1568208046362337280

Portal is a decentralized protocol powered by Fabric, a general-purpose "computation market", and a layer-2 digital assets exchange for facilitating cross-chain atomic transactions.

A Financial Internet Built on Bitcoin

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2022-09-12 18:21:40 #DeFiKey : Permissionless

Portal utilizes Fabric as the underlying protocol that extends Bitcoin’s functionality by offering a permissionless and trust-minimized infrastructure to the DApps built on Bitcoin

Spread the word: https://twitter.com/portal_finance/status/1568600573976657920

Portal is a decentralized protocol powered by Fabric, a general-purpose "computation market", and a layer-2 digital assets exchange for facilitating cross-chain atomic transactions.

A Financial Internet Built on Bitcoin

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2022-09-10 06:07:10 Friends of Portal, we are excited to give out to 10 lucky users, one year’s annual subscription to Rafa AI’s crypto price and market pulse. Rafa is your AI based crypto investing copilot.

1) First, sign up at https://link.rafa.ai/ygMR

2) Answer the following questionnaire: https://go.portaldefi.com/rafa-questionnaire

We will reach out to winners via email in 24 hours.

Spread the word: https://twitter.com/portal_finance/status/1568382221660061702

Portal is a decentralized protocol powered by Fabric, a general-purpose "computation market", and a layer-2 digital assets exchange for facilitating cross-chain atomic transactions.

A Financial Internet Built on Bitcoin

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2022-09-09 20:03:10 #DeFiKey : Trust

With Bitcoin as Layer 1 and Fabric as Layer 2, Portal enables web scale, serverless infrastructure with strong privacy, ultimately resulting in a DeFi system that is uncensorable, peer-to-peer and trust-minimized  

Spread the word: https://twitter.com/portal_finance/status/1567906215895908353

Portal is a decentralized protocol powered by Fabric, a general-purpose "computation market", and a layer-2 digital assets exchange for facilitating cross-chain atomic transactions.

A Financial Internet Built on Bitcoin

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2022-09-06 19:33:08 Forbes features Portal!

In a recent Digital Asset article titled ‘In Bear Crypto Markets, All Roads Lead To Bitcoin’, Forbes, the renowned media & publishing company talked about the Portal project. 

While talking about building on the base layer of Bitcoin, Forbes highlights how Portal is building a full-fledged DEX & self-sovereign wallet to foster DeFi on Bitcoin and more. 

Read the full story here: https://www.forbes.com/sites/lawrencewintermeyer/2022/09/01/in-bear-crypto-markets-all-roads-lead-to-bitcoin/?sh=1281e3c15815

Portal is a decentralized protocol powered by Fabric, a general-purpose "computation market", and a layer-2 digital assets exchange for facilitating cross-chain atomic transactions.

A Financial Internet Built on Bitcoin

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2022-09-06 18:11:01 "Fabric is not only the connective tissue between those systems, but also L1 assets."

- Eric Martindale, CEO of Portal & founder of Fabric Protocol.

Spread the word: https://twitter.com/portal_finance/status/1567159640000978944

Portal is a decentralized protocol powered by Fabric, a general-purpose "computation market", and a layer-2 digital assets exchange for facilitating cross-chain atomic transactions.

A Financial Internet Built on Bitcoin

Official Social Media Links

Telegram | Announcement | Twitter | Medium | Discord | Whitelist | Website Open / Comment

2022-08-31 15:33:42 --- : Community Announcement : ---

Portal Fun Pop Quiz Today at 12:00 PM EST | 4:00 PM UTC Open / Comment