PBX

Dynamic Rewards Unleashed

Following weeks of preparation and hard work, we’re incredibly excited to open the Paribus Mainnet v1 tomorrow. This marks the welcome return of our protocol and heralds the beginning of our rewards program. For those who participated in our staking program, the concept behind the rewards program will be simple to understand. We’ve allocated 100 million PBX tokens to be issued as rewards to borrowers on the platform. This concept is even more exciting because the rewards are scheduled to be released evenly across every block and are anticipated to

Paribus: Next Steps

Now that our Mainnet V1 is live some people may be thinking that it’s time for the team to put their feet up and enjoy a well earned rest. They couldn’t be further from the truth. Rather than this huge milestone signifying the end, it marks the beginning of our main work. Over the coming weeks we’ll be continuing our marketing and development at pace. As we progress we’ll be sharing more details of the next features and iterations we’ll be adding to the protocol. When we launched on mainnet

Paribus: Mainnet Ver.1 Live

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

Bugging Out

We’re pleased to announce that from today, October 13th 2022, Paribus will be launching our bug bounty program on ImmuneFi. The program will apply to our MVP even while it’s on the public testnet and should help to provide additional confidence when we’re ready to launch on the mainnet. Bug bounty programs are a crucial aspect of the ongoing maintenance and security of DeFi protocols. There are two main types of program, formal and informal. An example of an informal bug bounty program is the identification of several security vulnerabilities

Inflationary World, Deflationary PBX

While central banks all over the world are battling inflation, here at Paribus we’re continuing our drive to ensure we remain firmly deflationary. This month, as with previous months, our algorithm has been busy calculating the appropriate Deflationary Volume Incentive. Based on the volume of PBX traded across all markets our algorithm determines the number of tokens we need to burn from our ecosystem. We do this by sending the tokens to a null wallet that can’t be accessed by anyone. This process ensures that over time more and more

Paribus Twitter Town Hall Sept 15th, 2022

Paribus, a DeFi borrowing and lending platform, has recently announced a Twitter Space “Town Hall Event” set to take place Thursday September 15th at 5:00 PM UTC. These important events connect the project founders to the community in an open style communication session. These virtual gatherings take place only 1 to 2 times per month. The general format starts with an overview of Paribus’s recent accomplishments and is then followed by informative announcements. These announcements have regularly been sneak peeks or insight into future plans before public announcements are made.

Mainnet Update

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