Porter Finance
Meyer said Ribbon’s bond obligations survived the closure
An Ethereum service for DAOs to issue bonds backed by their project tokens.
- Capital raised (announced)
Funding
| Round | Date | Announced | Investors |
|---|---|---|---|
| Seed financing | April 2022 | Not disclosed |
Announced is what was said at the time. Cash actually received is rarely disclosed and is not assumed to match.
People
| Name | Role | Period | Now | Last checked |
|---|---|---|---|---|
| Jordan Meyer | — | Not established | Oct 2026 |
How it ended
Founder Jordan Meyer cited weak demand, competing borrowing rates and legal uncertainty when the bond platform closed. A later continuation is recorded separately.
What happened next
- Aftermath31 October 2022
CoinDesk reported that three of Porter’s four team members relaunched a fork of its code for fixed-rate DAO lending under the Arbor name.
Still alive
Open spot
Porter Finance is gone. Is your lending protocol still running?
Spotlight your project here.
Sources
3 sources behind this page.
- 1Ethereum DeFi Porter Finance Shutters Bond Platform · CoinDesk via Yahoo Finance · Jul 2022
- 2Porter Finance Team Returns for Second Attempt · CoinDesk via Yahoo Finance · Nov 2022
- 3DeFi credit service Porter Finance shuts down bond issuance platform · The Block · Jul 2022
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