Newly launched interest rate swap protocol, just went live on Base today.
This opens up the potential for long term, fixed rate loans in DeFi, by providing rate swaps to lenders and speculators.
The TradFi market for this is huge, +$400 TRILLION, could be the next big thing in DeFi if this catches on. They're running a points program for early adopters
Initial support for rates on Aave, Morpho, Compound, as well as TradFi rates for SOFR, US Treasuries, and US 30yr Mortgages
What is everyones thoughts on this?
