DAO Credit Marketplace Porter Finance Relaunches, Rebrands to Arbor Finance

DAO credit marketplace Porter Finance rebrands to Arbor Finance, and will be deployed on Ethereum, Blockworks reports.

Porter Finance shut down its bond issuance platform in July this year. Now, three of Porter's initial four developers, apart from founder Jordan Meyer, fork the protocol's code and relaunch it as Arbor Finance. It allows DAOs to use their native tokens as collateral to raise debt in stablecoins.