FEATURES OF THE PARIBUS PROTOCOL

Paribus, a cross-chain lending and borrowing platform built on the Cardano blockchain, provides a game-changing method for monetizing verifiable off-chain assets by combining non-fungible tokens (NFTs) and decentralized finance (DeFi).

Paribus' ultimate goal is to harness untapped on-chain value across the entire crypto industry as it strives to create cross-chain liquidity for a wide range of traditional and non-traditional digital assets such as liquidity positions, synthetics, virtual land, and NFTs. Paribus, with its cutting-edge dynamic interest rate algorithm, is poised to lead the industry in discovering and fully realizing the intrinsic value of NFTs and other unconventional assets.

The Paribus protocol features are designed to evolve alongside new classes of crypto assets, capturing the value contained in the burgeoning network of interconnected blockchains. The Paribus protocol aims to direct this financial energy in previously unthinkable directions, expanding opportunities for investors. In this article, we will discuss these features briefly in order to understand their importance to Paribus protocol users and the entire DeFi ecosystem at large.
In addition to allowing users to benefit from lending, borrowing, and staking synthetic assets, Paribus also provides exceptional throughput, low transaction costs, security, and a number of other features, including but not limited to:

• NFT collateral-Based loans
  Users on the Paribus protocol can obtain non-fungible token collateral-based loans by using any NFT asset in their possession as collateral. Customers may borrow funds against the underlying NFT as the asset's value rises.
• NFT Staking
  By combining their interests in NFTs with those of other NTFs that are similar to them, users can also create yield on their NFT assets. Users profit from their investments as a result, and since they don't need to sell the NFTs, it's possible to get passive income through this method.
• PBX Tokens
  The native governance token of Paribus, PBX, enables holders to draft and decide on protocol-related proposals. The ultimate objective of the PBX token is to align the Paribus yield protocol’s incentives, resulting in a codified harmony between stakeholders, the protocol, and the security of the assets it contains.
• LP Collateral-Based Loans
  Holders of LP tokens can use their investment as collateral when applying for a loan. On the Paribus platform, all loans have 100% collateralization. This makes the platform secure, self-sufficient, and expandable.
• LP Staking
  With Paribus, customers have access to several blockchain-based liquidity pools’ market-specific staking pools for LP tokens. Native staking for the PBX token is made available on Paribus, delivering a dynamic APY and substantial incentives. Liquidity providers from third-party platforms can also generate rewards by staking their LP tokens.
  Currently, Paribus allows users to stake their tokens in its staking pool. Users can invest between 1,000,000 and 6,000,000 PBX for 365 days (with fewer than 5 months left) in the gold pool Aurum for a least 30% APY payoff level.
• Integration With The Metaverse
  Users can quickly unlock liquidity from metaverse plots and assets thanks to Paribus' integration with the metaverse.
  The dynamic interest rate algorithm of the Paribus protocol is yet another impressive aspect. The interest rate for each token now on Paribus is calculated using this algorithm. After calculating the supply and demand for a specific item, this algorithm determines an interest rate depending on what the market requires.
  Paribus loans also don't have a payment schedule for either conventional or unusual assets. The decision on when, how frequently, and how much to repay is made by the borrower. The liquidation zone and interest rates are nevertheless urged to users to pay close attention to.

Conclusion
Non-fungible tokens can now be used on several blockchains thanks to Paribus. Both staking their NFTs for a return and using them as collateral for loans are options available to platform users. Additionally, Paribus enables the booming crypto synthetics market by enabling the creation of off-chain real-world assets for on-chain tokenization. The owners of these artificial NFTs can then choose to use the decentralized finance (DeFi) market to use them as financial instruments.
As a result, Paribus offers DeFi investors a platform for extending the reach of their digital assets globally and touts itself as the first decentralized, permissionless platform to enable borrowing and lending against a variety of assets.

Find out more about Paribus and keep you with all their recent news and developments via the following links:

Website: https://paribus.io/
Twitter: https://twitter.com/paribus_io
Telegram: https://t.me/paribus_io
Medium https://medium.com/@paribus_io
Discord: https://discord.io/paribus