Paribus DeFi is a Cardano-based blockchain-agnostic DeFi protocol that unlocks liquidity for various digital assets. It is a cross-chain borrowing and lending protocol for NFTs, liquidity positions, and synthetic assets. Paribus leverages the benefits of Cardano, such as cheap transactions, high throughput, security, and reliability for high-value transfers. In addition to NFTs, Paribus supports other digital assets such as virtual land, synthetic assets, and liquidity providers (LPs). Users can lend, borrow, or stake synthetic assets, increasing capital efficiency and investment flexibility. The Paribus protocol offers a convenient platform for lenders in the decentralized finance sector to generate returns while borrowers can participate in a collateralized loan platform. Paribus has its native governance token called PBX, which enables token holders to create and vote on proposals related to the protocol's guidance. PBX holders are entitled to a percentage of the fees earned by the protocol based on their stake.

The Paribus protocol is a cross-chain decentralized finance (DeFi) protocol that aims to provide DeFi enthusiasts and investors with a platform to extend the reach of their digital assets and maximize their earning potential. The cross-chain dApp facilitates permissionless and censorship-resistant borrowing and lending for NFTs, synthetic assets, and liquidity positions. The Paribus protocol allows users to unlock liquidity for conventional and unconventional digital assets without liquidating them, opening up new passive income sources. It achieves this by offering a lending market where DeFi holders and investors can extend the reach and utility of their digital assets. The protocol securely loans out the funds lenders deposit, allowing them to earn interest on their investments. Borrowers on the Paribus network can obtain fully collateralized loans, requiring them to deposit at least 100% of the desired loan amount. In this way, borrowers also act as liquidity providers. Collateralization ensures the safety of the borrowing process, benefiting both borrowers and lenders.

Paribus was introduced in August 2021 to expand the scope of the DeFi market by harnessing the value of various digital assets beyond cryptocurrencies, including NFTs. Paribus was launched in the same month via an IDO on CardStarter, one of the leading launchpads for Cardano-based projects. Its founding team comprises members with experience in organizations such as Barclays, Merrill Lynch, Reuters, Unilever, Orion, and Blocksquare. Deniz Dalkilic, the CEO of the company, has worked with Thomson Reuters and the London Metropolitan Police previously. Meanwhile, COO Wilson Davis has worked with Merrill Lynch and Barclays before co-founding Paribus. Paribus announced its native staking program in November 2021, allowing users to earn passive income by investing in and HODLing PBX. Paribus opened its virtual HQ in Pavia, a metaverse in the Cardano ecosystem, in April 2022. The Paribus Mainnet v1 release occurred in March 2023, launching on the Arbitrum network. As of June 2023, future focus areas for the Paribus development team include integrating NFTs as collateral and decentralizing governance by establishing the Paribus DAO.

Paribus (PBX) is an interesting token to consider adding to your crypto portfolio. Investing in Paribus crypto can be a good option, especially if you believe in the potential of key sectors of the crypto market such as DeFi, NFTs, and the metaverse. As a cross-chain DeFi protocol that offers various ways to put digital assets to work, increased usage of the Paribus platform could drive the demand for the PBX token and support the value of Paribus. The PBX to USD price may also rise during positive or bullish sentiment in the broader crypto market.

While we cannot provide an accurate PBX price prediction over any timeframe, monitoring certain factors can give you a better understanding of the volatility and price action of this token. Market demand and investor sentiment for PBX, future development and partnerships of the Paribus project, and the overall crypto market outlook can all impact the PBX token price.

PBX is the native token of Paribus and has several use cases. It serves as a governance token, allowing PBX token holders to vote on platform upgrades and changes. PBX tokens are also used as a means of payment for transaction fees on the Paribus platform. Additionally, users can earn PBX tokens as rewards for participating in the platform, collateralize NFTs, and trade or hold PBX tokens for potential profits.

You can stake PBX on the Paribus protocol to generate passive income and grow your crypto portfolio. To stake PBX, visit the staking interface on the Paribus app, connect your MetaMask wallet, fund your wallet with PBX tokens, review and select a staking pool, deposit your PBX tokens, and start earning rewards.

Paribus has partnered with several renowned businesses in the crypto industry, including Charli3, GeroWallet, Orion Protocol, Wave Financial, PhotoChromic, and Milkomeda. Additionally, Paribus has received a strategic investment from cFund, the Cardano Ecosystem Venture Fund anchored by Cardanos co-founder Charles Hopkinson and managed by Wave Financial.