MIAMI, March 14, 2022 (GLOBE NEWSWIRE) — Paribus is taking DeFi to the next level with the help of Cardano. Cardano’s interoperability removes the limitations imposed by the siled ecosystem, allows value to flow freely, and increases the potential of the protocol and its users. Being powered by Cardano, users can now borrow their digital assets with a DeFi perspective. Be it NFT or a synthetic asset, Paribus provides users with the platform for safe and fast lending against their digital assets.
The Paribus Protocol
Paribus offers DeFi holders and investors a platform to expand the reach of their digital assets and positions around the globe. For the first time, one platform brings together the functionality of borrowing and lending against a variety of assets in a decentralized and permissionless manner.
Paribus features and protocol are designed to evolve with new crypto asset classes and capture the value stored in the evolving universe of interconnected blockchains. The Paribus Protocol aims to channel this monetary energy in previously impossible ways, creating even more opportunities for investors.
Combination of NFTs and DeFi
Paribus even allows users to borrow against their NFT investment. This frees up capital while the underlying NFT keeps its value intact. Paribus also allows users to stake pool value NFTs with other similar NFTs, allowing users to earn a return on their NFT assets.
In addition to NFTs, users can also borrow against their AMM liquidity positions via the Paribus protocol. This allows users to profit when staking or earning through LP’ing.
Use in liquidity pools
Paribus gives users access to the market-specific LP token staking pools from multiple blockchain-based liquidity pools, providing the following benefits:
- Favorable transactions
- Incredibly high throughput
- security and reliability
Paribus now offers native staking for the PBX token on its 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.
The PBX token
PBX is Paribus’ native governance token. PBX allows its owners to shape and vote on the future of the network. The ultimate goal of PBX tokens is to coordinate incentives across the Paribus Revenue Protocol to create systematic harmony between stakeholder security, the protocol itself and internal assets. PBX token holders are also eligible to receive a percentage of the fees earned through the protocol relative to their stakes. The more users wager, the higher their tier and the higher percentage they earn.
More information on how Paribus is pioneering borrowing in the DeFi space can be found here.
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Contact details for media
Contact email: [email protected]
PARIBUSE is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an investment offer.
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