Ripple announced that it has partnered with Securitize to enable RLUSD support for BlackRock’s BUIDL, raising speculations that it could bring about a BlackRock XRP ETF. BlackRock has previously stated that there are no plans to offer an XRP ETF, although this could change with the Ripple update. Amid the Ripple update and BlackRock ETF speculations, Paydax Protocol (PDP) has emerged to revolutionize the DeFi space.
Replacing The Old Guard
Paydax Protocol (PDP) is changing the narrative by introducing broad collateral support for on-chain borrowing and lending. Traditional finance (TradFi) and other DeFi platforms are known for restricting capital flow, as they offer limited asset support. This forces users to sell their assets just to unlock new capital. However, with Paydax, users no longer have to choose as they can hold their tokens, earn from them, and still unlock new liquidity.
The Paydax Protocol (PDP) supports a wide range of assets, which include but are not limited to:
- Blue-Chip cryptocurrencies such as BTC, ETH, SOL, and Ripple’s XRP.
- Stablecoins (USDT, USDC, FDUSD, DAI)
- Staked Tokens (rETH, stETH, wsETH)
- Liquidity Pool Tokens (Uniswap, PancakeSwap, Curve LP Tokens)
- Tokenized Real-World Assets like BlackRock’s BUIDL fund and even the XRP ETFs in tokenized form.
- Yield Bearing Tokens
- Governance Tokens
How Paydax Protocol (PDP) Works
With the PDP token, which is currently priced at $0.015 in its presale, users can easily access the offerings on the lending and leveraged staking platform. Borrowers can simply deposit their crypto assets, such as Ripple’s XRP, or RWAs like BlackRock’s BUIDL, or tokenized XRP ETFs, into the LendingPool.
On the other hand, lenders can also deposit their assets, such as Ripple’s XRP, BlackRock’s BUIDL, or tokenized XRP ETFs, into the LendingPool to provide liquidity for borrowers. These lenders can earn stable yields on these assets instead of them lying around. Notable features on the platform include:
- Up to 15.2% annual percentage yield (APY) on peer-to-peer (P2P) lending.
- Loan-to-Value (LTV) ratio of up to 97%.
- Fixed interest rates between 5% and 7%.
- Overcollateralized loans.
- A Redemption pool to underwrite loans and protect lenders.
- Automated safeguards, including Health Factor monitoring and circuit breakers.
- A Stability pool where stakers help to protect the ecosystem.
- Community powered.
- Immutable Smart Contracts.
Loan Discounts, And Yields On The Platform
Paydax Protocol (PDP) token holders get access to loan discounts and yields on the platform. Diamond Tier PDP holders enjoy a loan discount of up to 25% and staking yields of up to 22%. Other perks include governance rights and being eligible for a portion of the protocol’s revenue. Token holders can also enjoy an APY of up to 41.25% by borrowing additional funds with up to 5x leverage for leveraged yield farming.
👉 Join the Paydax presale today and start earning the highest yields in the crypto space.
Why Trust Paydax
While TradFi and other DeFi platforms have asked users to simply trust them, Paydax Protocol (PDP) has built a system that ensures transparency right from the onset. The Protocol boasts:
- A doxed team that has undergone KYC verification by Assure DeFi.
- Smart contracts that have been assessed and declared to be “well secured.”
- Trusted custody partners, including Sotheby’s, Onfido, and Brinks Custody, for end-to-end validation.
- Chainlink Data Feeds to guarantee accuracy across the system.
- A functioning Dapp v1.0 is live, which proves the execution model.
- A strong online presence and communicative team.
Real Utility Brought To Everyday Users
The Paydax Protocol (PDP) is bringing real utility to everyday users, which is why it has earned a reputation as the people’s DeFi bank. An entrepreneur in Europe, North America, South America, Africa, and Asia can easily unlock liquidity for their business by simply using their assets, such as Ripple’s XRP, BlackRock’s BUIDL, tokenized XRP ETFs, and many others, as collateral.
Thousands of users are already taking advantage of this opportunity with their PDP tokens, which are priced at a low entry price of $0.015. Market participants can use the promo code ‘PD80BONUS’ to get 80% bonus tokens. Join the presale and unlock new liquidity today.
Join the Paydax Protocol (PDP) Presale and Community:
Website: https://pdprotocol.com/
Telegram: https://t.me/PaydaxCommunity
X (Twitter): https://x.com/Paydaxofficial
Whitepaper: https://paydax.gitbook.io/paydax-whitepaper
