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For all its evolution, the DEFI sector is still far from being a reliable source of services that exist in traditional banking. For example, many crypto traders still have to turn to traditional finance with all its centralization for loan, loan and insurance services.
This situation is even worse for nearly 1.5 billion people who remain outside the world banking services. All this shows that something should change.
How Paydax builds the future of the Defi bank
Enter the Paydax protocol. Built taking into account the everyday trader, Paydax Protocol returns the script by taking advantage of the immense liquidity of the cryptography sector while providing robust banking services.
With the Paydax protocol, cryptographic assets, whether crypto or token Rwas, have high value assets to new liquidity flows. The protocol allows users to explore loan, loan and insurance services. The best part is not necessary for banks or online intermediaries with the real blockchain.
The Paydax protocol provides traditional banking services in the DEFI sector through several avenues that include:
Borrowing against crypto and active world
With Paydax, the BTC seated in your wallet can become an active source of liquidity without you sold it. You can just borrow against crypto in your wallet, choosing the ready / value ratio you prefer. Take, for example, Jane, a web3 avid web3 trader that needs rapid capital.
Instead of selling bitcoin $ 100,000 in its portfolio, it can borrow against it using a 95%LTV. In this way, she obtains $ 95,000 while her BTC is locked in a safe safe. Once she reimburses the debt, the money has returned to her.
The advantage? Jane can access rapid capital without having to sell her assets. The best part is that this borrowing service can also work with real tokenized assets, which will be checked as NFTS thanks to the Paydax partnership with Sotherby.
P2P loans
Beyond the loan, Paydax also offers P2P loan services, allowing users to earn money by offering borrowers from Stablescoin to borrowers. Paydax gives lenders up to 15.2% APY, a figure higher than that of certain banks.
The network also offers a “buy -back pool”, allowing users to lock their tokens to cover loans deficits that may come from defects. This buyout pool is only activated when there is a defect, but stakers can gain up to 20% APY for the risk they undertake. Paydax does not stop there. It also offers up to 41.25% APY for leverage agriculture, which could go up to 5x.
In addition to the attractiveness of these advantages, Paydax also draws attention to its rapid development. Despite his presale, Paydax DAPP V1.0 is already live. This shows the network commitment to tangible deliverables, unlike many projects that only offer promises.
Why Paydax stands out: Robust infrastructure and safety
The Paydax protocol is unlike any other DEFI banking protocol. From the start, Paydax obtained partnerships with Sotheby’s and Christie’s, who are recognized Rwa Valuers. He will also take advantage of binks to secure physical assets like gold.
Beyond the partnerships confirmed above, Paydax will also take advantage of ChainLink technology for live data flows and Jumio for KYC verification of RWA customers. The project also incorporates the verification of KYC by Onfido alongside independent audits of Hacken, Rapid Innovation and Quill.
Most importantly, the network has received an audit of the Gold Standards of Ensure Defi, confirming its commitment to user safety.
In addition, the team behind the Paydax protocol is entirely Doxxe with public contact details. This team also hosts AMAs, podcasts and face -to -face video updates as part of its 100%transparency policy.
Why analysts strongly note Paydax
Bitcoin yield at $ 116,000 and excitement around recent interest rate drops are sure to trigger a rebound in the DEFI sector. However, many analysts recognize that participants DEFI are looking for projects that offer financial services similar to those of the traditional bank.
This positions the Paydax protocol as a game changer that could capitalize on the feelings of current investors. In addition, its performance -based yields could attract many investors focused on practical uses instead of the token -based tokens. Paydax offering several remuneration services, some investors say that it could become a power defined in the coming years.
Another Paydax USP is its low entry point. The presale, Now Live, offers a pdp token at $ 0.015 – however, with increases on stage, advertisements to come and excitement around confirmed partnerships, some investors say that this could be the launch point of a parabolic thrust.
Beyond rally potential, Paydax offers the possibility of being an active participant in the Banking DEFI ecosystem. Since the detention of PDP tokens is also delivered with governance services, it offers the possibility of shaping how the Defi bank will develop.
The avenue to seize this opportunity is narrowed while other investors rush to join its current ICO. A token is now negotiated at $ 0.015.
However, it could increase just after registration, as is the case with very well rated DEFI tokens. In addition, if you register today, you can secure an 80% bonus via the PD80Bonus. You can secure your location in the Paydax protocol while heading to its presale now. 👉 Join the Paydax presale today and are part of the first real Banque Populaire de Defi.
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