Defi Protocol

Paribus: Mainnet Ver.1 Live

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Time Stamp: March 28, 2023 4:18 PM - Modified On: March 28, 2023 - Published By:
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Republished By Plato

The creators of a brand new cross-chain decentralized borrowing and lending protocol are set to release their Mainnet v1 today, March 28th. The launch marks the first step in their journey to be the go-to borrowing and lending platform for NFTs. Initially, the protocol will offer wBTC, ETH, and USDT, however, engineers are currently working on integrating NFTs into the next iteration of the protocol. The unique approach Paribus takes toward these more exotic assets is to leverage artificial intelligence (AI) and machine learning (ML) systems to assess an accurate

Mainnet Update

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Time Stamp: September 2, 2022 1:30 PM - Modified On: September 2, 2022 - Published By:
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Republished By Plato

One of the silver linings, indeed perhaps the only silver lining, from the bear market disasters of the past few months has been the opportunity it afforded the Paribus development team to deploy our MVP via testnet. Even this however wasn’t free from challenges, so in this article, we dive a little deeper into what the next few weeks and months hold for Paribus. Our primary focus is to be able to transition from the testnet to the mainnet, but at the same time, we’ve also been limited by some

Paribus: DeFi Protocol for Exotic Digital Assets

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Time Stamp: August 8, 2022 4:12 PM - Modified On: August 8, 2022 - Published By:
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Republished By Plato

DeFi protocol Paribus announces the launch of their testnet MVP, the beginning of a new approach to DeFi. Secure, trustless, and truly decentralized, Paribus users will be able to borrow against previously illiquid digital assets such as NFTs. Put simply, Paribus is a cross-chain, DeFi borrowing and lending protocol. With the unique selling point of allowing exotic assets like NFTs, LP tokens, virtual lands and synthetics to be used as collateral for loans. The platform will also utilize standard crypto assets. Being cross-chain, Paribus will be on multiple chains but