According to CoinDesk, after the DAO collateralized lending agreement Porter Finance was shut down in July due to low demand, three people on the original team restarted the project and renamed it Arbor Finance, aiming to allow DAOs to borrow funds at a fixed rate without worrying about passing on funds. Liquidations using native tokens that account for the majority of their treasury. Russell Bookland, co-founder of Arbor Finance, said that he still believes that there is great potential for bond issuance on the chain, so he decided to use a fork of Porter code to build Arbor Finance.