IPOR Protocol

A decentralized interest rate benchmark and derivatives protocol in DeFi, offering on-chain interest rate swaps for hedging and speculation.

## Executive Summary The IPOR (Inter-Protocol Over-block Rate) Protocol is a decentralized finance (DeFi) platform on the Ethereum and Arbitrum blockchains that establishes a public-good, on-chain interest rate benchmark and provides a venue for interest rate derivative trading. The core function of the protocol is to distill the highly fragmented and volatile interest rates across DeFi lending markets into a single, transparent, and real-time index—The IPOR Index. This index serves as the "DeFi Credit Curve," analogous to LIBOR or SOFR in traditional finance (TradFi), providing a standardized