Paribus mission
The mission of Paribus is to provide users with a single location from which they can easily and quickly participate in this financial revolution. Dexes and lending platforms have so far dominated, with exotics gradually catching up. We are iteratively expanding on what has already been established for Paribus in anticipation of demand and in response to available opportunities. DeFi apps are necessary for holders of non-fungible tokens, liquidity positions, and synthetic assets to properly reap the benefits of their value.
Paribus's objective is to make these assets into interoperable financial instruments that can be used on any chain in accordance with DeFi protocols in order to realize their full potential.
Based on their holdings, PBX token holders are eligible to receive a portion of the protocol's fees. Higher stakes result in higher percentages and tiers.
Only secured loans will be accepted on Borrowers Paribus. implying that a borrower must deposit assets in order to borrow against them. As a result, borrowers provide the platform with assurances of sustainability and self-sufficiency as well as indirect liquidity providers. Every borrower is required to pay a small, one-time fixed platform fee in addition to the interest that has accrued over the course of the loan.
Based on the amount of PBX exchanged across all marketplaces, the Paribus algorithm determines the number of tokens that must be burned from our ecosystem. By moving the tokens to an unreachable null wallet, we ensure that an increasing number of tokens will be permanently removed from the ecosystem over time. After the Paribus MVP is launched, transaction fees will be used to produce the tokens that will be burned, gradually reducing the total number of tokens in circulation. To protect the value of the ecosystem, this amount of PBX will change as trading activity and the algorithm change.
Paribus's features and protocol are designed to grow with new crypto asset classes, capturing the value of the expanding network of connected blockchains.
Holders of Paribus' native governance token, PBX, are able to draft and make decisions regarding protocol-related proposals. The ultimate goal of the PBX token is to align the incentives of the Paribus yield protocol. This will make it easier for stakeholders, the protocol, and the assets' security to work together in harmony.
Based on their holdings, PBX token holders are eligible to receive a portion of the protocol's fees. The stake is higher the higher the tier and the higher the percentage achieved.