Liquidity Mining on Portion X Saffron
Perhaps no industry in the history of humanity has evolved faster and more sharply than blockchain & decentralized technology beginning with the inception of Bitcoin in 2009.
Amazing things happen when decentralized finance is pushed forward into unforeseen territory, and avant-garde spirit is supported with technical brilliance.
We believe such a merger has been brewing for quite a while, and Portion.io is proud to announce a partnership with a team that has had some of the most exciting development in all of crypto:
Saffron.Finance (SFI)
Backed by an anonymous team, Saffron has unleashed some of the most nuanced brilliant solidity engineering and has pushed the envelope of what was previously conceivable on Ethereum.
Saffron.Finance is a decentralized protocol that programmatically optimizes yield for individuals contributing their liquidity with various predetermined tranches at different risk levels. These tranches are set to two week epochs, where those contributing liquidity across the provided pairs receive payouts in exchange for locking their funds up for 2 weeks. Saffron successfully mitigates significant effects of impermanent loss by categorizing risk and return while users chose their risk level.
We are honored to announce that the PRT governance token will be featured as a liquidity mining pair, SFI ⇔ PRT, through Uniswap on Saffron.Finance. The partnership will begin in Epoch 4 on December 27th with a combined reward of 25 SFI and 1,000,000 PRT.
Furthermore, Portion will be promoting Saffron inspired exclusive competitions in the near future. Invitations to participate will be sent to artists on the Portion platform to create Saffron concept art. All submissions will receive 5,000 PRT while top pieces will receive further awards. The newly minted Saffron NFT’s will be distributed to the stakers on the Saffron protocol and will subsequently be sellable on the Portion marketplace.
With Portion’s unique position evangelizing the decentralization of art & collectibles, comes a responsibility to partner with reputable projects across the ecosystem. We believe Saffron.Finance aligns with our vision and we are excited to partner. Metaphorically, we like to envision receiving rare, digitally-scarce art as a thank you for facilitating a connection between both platforms.
