DeFi protocol Voltz launches SOFR swaps on Avalanche

DeFi protocol Voltz launches SOFR swaps on Avalanche

Investors can now hedge against interest-rate risk in a DeFi environment by trading Secured Overnight Financing Rate (SOFR) swaps.

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Decentralized finance protocol Voltz now allows Avalanche users to trade interest rate swaps of the Secured Overnight Financing Rate (SOFR), a benchmark dollar rate used throughout the global economy. 

The new feature allows investors to hedge their exposure to interest rate changes and speculators to bet on whether the rate will go up or down, according to a May 24 announcement from Voltz seen by Cointelegraph.

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SOFR is the interest rate on overnight loans paid by institutions when they use United States Treasury bonds as collateral. It was created to replace the older London Interbank Lending Rate (LIBOR). Because loans secured

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