About Paribus Airdrop
Paribus Airdrop is a cross-chain borrowing and lending protocol for NFTs, liquidity positions, and synthetic assets, powered by the Cardano blockchain. Paribus is giving away a total of $5,000 worth of PBX to 50 lucky giveaway participants. Sign up for the giveaway and complete simple social tasks to earn entries. A total of 50 participants will be randomly selected to win $100 worth of PBX each.
As DeFi moves forward, innovators are uncovering transformational ways to store and represent value on-chain. Paribus’ mission is to unlock the true potential of these assets, evolving them into interoperable financial instruments, capable of being used within DeFi protocols, on any chain.
| Platform | Total Value | Max. Participants | Website |
|---|---|---|---|
| ETH | $5,000 PBX | Unlimited | Click Here To Visit |
If it can be sold, there is a market value. If it has value, it can be modeled.
Paribus is the protocol that brings all of these forces together, offering DeFi holders and investors a platform to extend the reach of their digital assets and positions, doubling down on their earning power.
Paribus Pursuit
Paribus Airdrop will endeavor to offer a wide range of features that will ultimately add strength to its value proposition as one of the earliest DeFi protocols on Cardano blockchain. Due to Cardano’s nature and ability to plug into existing blockchains, Paribus by default will utilize and extend this capability to unlock liquidity across chains across a spectrum of assets. Some of the assets Paribus will support include; NFTs, Virtual Lands, Synthetics, and of course more traditional assets such as ADA, ETH, and DOT.
Non-fungible Tokens
(NFTs) have become extremely popular and demand for these digital assets are increasing exponentially while capturing mainstream media attention. Possibility to tokenize assets of value, regardless of their physical appearance and/or features, brings new opportunities as well as challenges.
Paribus aims to solve one of these challenges and amplify the economical value of these tokens with enhanced liquidity and options to utilize this economical strength without having to sell the NFT outright. NFT owners will be able to unlock liquidity via collateralized loans against their NFT assets to finance additional ventures such as; trading, investing and more.
Virtual Land
Virtual Land is a growing phenomenon with land going for as much as $900,000 per a recent Decentraland sale. As demand for these assets grows with the innovations from the VR industry added into the mix, it quickly becomes an interesting asset class for DeFi protocols to be able to support.
Paribus Airdrop aims to address exactly this, by proposing a suite of SmartContracts which allow for collateralization with Virtual Lands. Given the infancy of the Cardano ecosystem on lack of agreed standards for this asset type, Paribus will contribute and put forward ideas that will serve the purpose of unlocking liquidity through these assets in the form of borrowing and lending. Metadata is one area we will work to innovate and bring into NFT standards for Virtual Lands.
Paribus Users
Lenders
The lender is the key in any DeFi platform. Majority of the time these users are what are known as “HODL’ers” within the cryptocurrency space. They have no plans to outright sell their crypto assets. Paribus will be an additional outlet to this user group to earn a passive income while their underlying assets appreciate in value over time.
Lenders can be thought of as liquidity providers within the ecosystem and earn interest in return for doing so. The platform will provide Deposit APR(%) based on factors such as utilization rate. Lenders can at a rough level estimate their earnings based on the Deposit APR(%) for a given asset.
Borrowers
Paribus Airdrop will operate strictly as a collateralized loan platform. Meaning any borrower must deposit asset(s) in order to borrow against it. As a result borrowers are indirectly also liquidity providers to assure the platform is sustainable and self-sufficient. Every borrower is subject to paying a small one-time fixed platform fee as well as the interest accrued over the period of loan. The fee mechanism is detailed in the latter section of this paper.