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Paribus is a decentralised cross-chain borrowing and lending platform geared to NFTs, existing liquidity positions, other synthetic assets. Created on Cardano, the project aims to leverage the enhanced capabilities of the blockchain to offer users the ability to amplify liquidity through the decentralised finance (DeFi) ecosystem. The project was initially launched in 2021 using one of Cardano’s first launchpads - CardStarter.
According to the project’s whitepaper, Paribus is building solutions for users to expand yield and improve the management of digital assets. The application allows users to access collateralised loans based on the NFTs and existing liquidity positions held within a portfolio. Loans can then be used within other decentralised finance (DeFi) applications to generate yield. Paribus gives users the opportunity to enjoy the appreciation that comes with many NFTs while leveraging that value to generate further revenue. While users can enjoy the high transaction speeds and low fees of the Cardano blockchain, Paribus is also looking to incorporate other blockchain ecosystems so that NFTs and loans are not restricted to one DeFi environment.
PBX is the native governance token of the protocol. Token holders are allowed to vote on all development proposals that can affect the project, which helps to keep the application decentralised. Token holders can also stake their tokens within the application to access part of the revenue distribution model. Those staked receive a portion of all fees generated by the protocol.
Paribus (PBX) is the 1066th largest cryptocurrency in the world by market cap, valued at $5,082,142. The current price of Paribus is $0.0017317, which is -11.249% lower than yesterday. Prices have ranged between $0.00197343 and $0.00170442 over the past 24 hours. All prices are listed in US dollars and accurate as of June 29, 2022 07:06 UTC.
| Coin symbol | PBX |
|---|---|
| Coin Marketcap | US$5,082,142 |
| Total PBX supply | 9,748,607,731 |
| Circulating PBX | 2,934,716,134 |
| Current price | US$0.0017317 |
| All time high | US$0.04194925 |
| All time high date | October 31, 2021 |
Historical prices compared with the price of US$0.0017317.
| 1 hour | 0.22% |
|---|---|
| 24 hours | -11.25% |
| 7 days | -18.18% |
| 14 days | -20.47% |
| 30 days | -28.16% |
|---|---|
| 60 days | -69.89% |
| 200 days | -86.52% |
| 1 year | N/A |
Disclaimer: Cryptocurrencies, including Paribus, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of PBX is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Paribus or any other cryptocurrency discussed.
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