Paribus is a cross-chain borrowing and lending protocol that enables users to leverage various types of collateral, including NFTs and liquidity positions, to access capital efficiently. The platform addresses the challenge of unlocking the value of illiquid assets by providing collateral-based loans, enhancing capital utilization across decentralized finance (DeFi) ecosystems.
Funding
Funding not disclosed
Founders
Product
Problem
In decentralized finance (DeFi), users often struggle to unlock the capital trapped in illiquid assets like NFTs and liquidity pool (LP) positions. Traditional lending protocols typically only support mainstream crypto assets as collateral, limiting borrowing opportunities for holders of diverse digital assets. This restricts capital efficiency and prevents users from fully leveraging their DeFi portfolios.
Solution
Paribus is a cross-chain borrowing and lending protocol that expands the range of acceptable collateral to include NFTs, LP tokens, real-world assets (RWAs), and other previously illiquid assets. By leveraging AI-powered valuation models, Paribus can assess the market value of these diverse assets and enable users to borrow against them. This allows users to access capital without selling their assets, increasing capital efficiency and unlocking new DeFi investment strategies. The platform aims to be a one-stop shop for collateral-based loans, offering an easy-to-use interface for managing diverse DeFi portfolios across multiple chains.
Target Audience
The primary target audience includes DeFi users, NFT holders, liquidity providers, and investors seeking to leverage their digital assets for borrowing and lending opportunities across multiple blockchain ecosystems.
Features
- Cross-chain compatibility, enabling borrowing and lending across multiple blockchain networks
- AI-driven valuation models for assessing the value of NFTs, LP tokens, and RWAs
- Support for a wide range of collateral types, including previously illiquid assets
- PBX token staking for governance rights and a share of protocol fees
- vePBX token minting for increased voting power based on staking amount and duration
- Integration with metaverse assets for unlocking liquidity in virtual land and items
- Profit sharing mechanism that distributes a percentage of fees to PBX token holders based on their staking tier