The article explores the potential of IPOR as the sole interest rate swap protocol in DeFi, comparing it with Pendle, and discussing how it helps users manage interest rate risks by offering fixed and floating rate swaps. IPOR simplifies the interest rate swap mechanism through its benchmark interest rate index, AMM liquidity pools, and smart contracts, attracting liquidity providers and enhancing user experience through a V2 version upgrade. IPOR also plans to expand to Arbitrum, offering interest rate swaps related to liquidity staking tokens, showcasing its growth potential and narrative potential in the DeFi sector.