PARIBUS (PBX) IS A PROTOCOL RUNNING ON CROSS-CHAIN DECENTRALIZED FINANCE (DEFI) THAT AIMS TO UNLOCK UNDERLYING LIQUIDITY FOR VARIOUS CONVENTIONAL AND NONCONVENTIONAL DIGITAL ASSETS.
the platform’s core objective is to explore financial tools and products for NFTs. However, Paribus is powered by Cardano, which permits this protocol to remain chain agnostic and simultaneously connect numerous assets across multiple blockchains. Further, Cardano is a blockchain platform that runs on proof of stake.
The platform aims to provide cheap transactions, incredibly high throughput, security, and reliability for high-value transfers and a flourishing development with the DApp ecosystem. Paribus attempts to offer several features that add strength to its value proposition as the DeFi protocols on the Cardano blockchain. Due to Cardano’s nature, Paribus, by default, seeks to utilize and extend the ability to unlock liquidity across a spectrum of assets. The asset also endeavors to support NFTs, Virtual Land, Synthetics, and LP tokens. Moreover, the platform ventures to inherit all the standards of DApps, such as being trustless, noncustodial, permissionless, and censorship-resistant. The platform aims to have the following features: lend, borrow, or stake synthetic assets that increase capital efficiency or investment flexibility. Other features the platform seeks to have are NFT collateral-based loans and NFT staking, which help users earn a yield on their assets.
This network consists of several different user types. First, lenders, who are the key in any DeFi platform and who are most of the time termed as holders within the cryptocurrency space. Paribus attempts to be an additional outlet for lenders to gain a passive income with their underlying assets appreciating in value over time. Second, borrowers who aim to operate strictly as a collateralized loan platform. Borrowers must deposit assets to borrow against it.
This network consists of several different user types. First, lenders, who are the key in any DeFi platform and who are most of the time termed as holders within the cryptocurrency space. Paribus attempts to be an additional outlet for lenders to gain a passive income with their underlying assets appreciating in value over time. Second, borrowers who aim to operate strictly as a collateralized loan platform. Borrowers must deposit assets to borrow against it.
Staking in Liquidity Pools.
With Paribus, users get access to the market specific staking pools for LP tokens from multiple blockchain
based liquidity pool which allows for the following benefits:
↔️ Cheap transactions
↔️ Incredibly high throughput
↔️ Security and reliability
Paribus is now offering native staking for the PBX token on their platform, offering a dynamic APY and high rewards. There are two pools that remain open, Argenti and Aurum. These pools are only open for a limited time.
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