Paribus (PBX)

Paribus (PBX) is a cross-chain borrowing and lending protocol for NFTs, liquidity positions, and synthetic assets designed specifically for the Cardano blockchain. Its mission is to unlock the true potential of these assets and evolve them into interoperable financial instruments that can be utilized within DeFi protocols across any chain. As DeFi continues to reshape the traditional investment landscape, Paribus offers a platform for users to extend the reach of their digital assets and positions, maximizing their earning potential.

Paribus’ features and protocol are designed to adapt to the evolving crypto asset classes, capturing the value stored in the emerging universe of interconnected blockchains. The protocol enables users to lend, borrow, and stake synthetic assets, increasing capital efficiency and investment flexibility. It also allows users to borrow against their NFT collateral, freeing up capital while the underlying NFT appreciates. Furthermore, Paribus facilitates unlocking the liquidity of metaverse plots and assets and enables borrowing against AMM liquidity positions. The native governance token of Paribus (PBX) allows holders to create and vote on proposals related to protocol guidance while also earning a percentage of fees collected by the network based on their stake.

Paribus is built for decentralized finance’s future and focuses on connecting the dots between blockchains. By leveraging Cardano’s interoperability, Paribus remains chain agnostic and facilitates value flow across various assets and networks. The goal is to work with promising teams, developing innovative ways to create and store value, regardless of the blockchain they choose to build on. With its native token PBX and its suite of features, Paribus offers users the opportunity to invest in DeFi and redefine their yield, ushering in the future of decentralized finance.