Paribus Airdrop Review : Invest in DeFi, Redefine Your Yield

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.

Interoperable Value Leveraged

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.

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.

Synthetics and LP Tokens

Synthetics and LP Tokens are an additional dimension that has quickly become a success via platforms such as Synthetix and Uniswap. The generation of wealth is ever growing with both assets. We believe that as demand and user base grows for cryptocurrencies we will witness a whole new generation of cryptocurrency investors of which a new portion will go onto become savvy DeFi users. To serve more sophisticated use cases with Synthetics and LP tokens, Paribus will build a product line for borrowing and lending to further leverage the underlying assets.

Paribus Capture

As per nature of decentralized and DAO projects and in the spirit of open source development, all of Paribus source code will be made public and free to use after audits and rigorous testing. Paribus will of course inherit all de facto standards of decentralized dApps such as being non-custodial, trustless, permission less, and of course censorship resistance. We have identified an array of basic applications, enumerated below:

NFT collateral-based loans – Borrow against investments to free up capital
NFT Staking – Pool value with other like-NFTs to earning yield on these assets
P2P and Pooled Lending – NFT ownership becomes flexible and optimized
LP collateral-based loans – Borrow against AMM liquidity positions
LP staking – Staking pools for LP tokens from multiple blockchain liquidity pools
Lend, borrow or stake synthetic assets – capital efficiency, flexibility, cross-chain
PBX token profit sharing – earn fees collected by the network, tiered staking

The Fungible and Non-Fungible

Tokens are blockchain assets which are managed and housed using cryptographic addresses and smart contract technologies. Many of them share the same properties and can be categorized under a common standard, most notably, ERC-20. ERC-20 tokens are fungible and easily exchanged, like for like. They are largely responsible for the asset class that is crypto as early on, they mimicked money but with preferred features, such as censorship resistance and non-inflationary supplies.

NFTs & Synthetics: The Fungible and Non-Fungible On the other hand, non-fungible tokens or NFTs have varying sets of properties and a uniqueness which makes them proverbially “one of a kind.” One can not trade one-for-one while one Bitcoin is always one Bitcoin. Thus, NFTs can have associated values which only a marketplace can define. Some examples of these would be:

Digital art

Virtual land

Music

Crypto collectibles

Customizable Gaming Rewards/

In-app use Domain names —

Ethereum Name Service-ENS

Smart contract insurance policies

Leasing NFTs

The ability to rent out an NFT has garnered interest and portends a large market place. While it may initially inspire a “huh?” the opportunity to try out new things, experiment with games or deploy capital leveraging alternative assets is considerable, given a modicum of efficiency in the market. The evolution would likely mirror the loan markets with added emphasis on the characteristics of the asset itself. Current trends and market demands would likely exert great influence on the market. While Paribus is following this development, there are many variables to consider, such as duration of lease and the willingness lessor’s to subject themselves to what would likely be customized agreements until the market takes shape.