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We advise you to 'do your own research' before interacting with this project. This notification is shown based on claims by community members contacting Cardano Cube. If you're the owner of this project. You can verify your project by contacting us.
A cross-chain borrowing and lending protocol for NFTs, liquidity positions, and synthetic assets.
Paribus is a Cardano-based lending/borrowing platform that aims to support conventional and unconventional crypto assets to allow for its users to unlock liquidity and interact with the markets without having to liquidate assets. The principle we follow and hold utmost importance at Paribus is that; “If it can be sold, there is a market value. If it has value, it can be modeled”. Our proposition and philosophy is to be able to support assets such as USDT(ERC20, BEP20, TR20) but also expand our capabilities to support assets such asan NFT for a piece of art or Virtual Land based on, for example Decentraland.
The concept of on-chain value is constantly changing as innovators discover transformational ways to store, represent, leverage and exploit this value. In order to unlock the true potential of these assets, they must evolve in terms of reach. Decentralized financial products are not siloed; they are inclusive, borderless and need to be truly interoperable financial instruments, capable of being used withinDeFi protocols, on any chain.
Paribus, like a majority of DeFi dApps, is built on the shoulders of those who have come before us. Take yearn.finance and all successor dApps that extended the idea. Paribus operates using “pools of assets” with algorithmically derived interest rates, based on the supply and demand for a given asset. We have taken the interest modeling approach from Compound and expanded the idea to go beyond coins and tokens as mentioned.