Nitrogen partners with Paxos — PAX borrowing Simplified
The Nitrogen Network is delighted to announce its partnership with the Paxos (PAX) USD stablecoin alongside the exciting launch of our brand new crypto-loan platform.
Customers are now able to easily withdraw PAX in return for their cryptocurrency loan deposit. Designed to offer a financially transparent 1:1 backed USD stablecoin, PAX combines the trust and stability of fiat currency with the utility of digital assets.
Brand New Launchpad
Our new Launchpad provides an even simpler interface and experience for those wanting to instantly find a crypto-loan, with clear steps and easy onboarding. Borrowers can secure non-custodial loans by depositing their cryptocurrencies, with transactions protected through smart contracts.
How to get a loan:
- Follow the simple on-screen directions to explore different borrowing options.
- Start a trade by entering the amount you want to borrow.
- Connect your Ethereum wallet to the Nitrogen Network (MetaMask or Ledger).
- Settle collateral and get funds
- Repay borrowed stablecoins by closing active trade — connect to MetaMask to complete process.
All that remains is to decide whether to borrow over 3 days, 7 days or 1 month. With today’s growing demand for accessible crypto-backed liquidity, the Nitrogen Network provides a vital platform for decentralized borrowing.
Blockchain Efficiency — U.S Dollar Stability
Paxos is the ‘first regulated Trust company with blockchain expertise’. By creating a fully-backed digital custody and regulated trust solutions, the Paxos Standard (PAX) combines U.S. Dollar stability with the efficiency of blockchain technology.
Jurisdiction of the company in New York (US) guarantees financial regulation and safety of redemption. Over $12 billion PAX has been transacted, with $422 million minted and a $58 million 24-hour trade volume all ensuring adequate market liquidity. PAX can be used to limit exposure to crypto-asset volatility, remove cross-border transaction fees and to move between crypto-assets with ease or as payment for other blockchain-based assets.
Interested in Nitrogen? Want to know more? Get in touch!
