Crypto Exchange Kraken And Pantera Join Ripple’s Latest Billion-Dollar Venture, What This Means For The XRP Price
Crypto exchange Kraken and Pantera were among those who invested in Ripple-backed XRP treasury firm Evernorth, which is a positive for the XRP price. With backing from Kraken, Pantera, and Ripple, the XRP treasury firm is looking to boost XRP’s adoption, possibly sparking a rally in the XRP price.
Amid Kraken, Pantera, and Ripple’s move to boost the XRP price, investors are also turning their attention to the Paydax Protocol (PDP). The PDP token boasts massive utility and better upside potential than the XRP price.
Investors Similar To Ripple, Kraken, and Pantera Are Buying The PDP Token Over The XRP Price
Investors in the same league as Ripple, Kraken, and Pantera are also buying the Paydax Protocol (PDP) crypto token to access real-world assets (RWAs) and crypto borrowing on the platform. Over 86 million PDP tokens have been sold for $0.015 each in the first stage of the crypto token’s presale.
With massive demand from investors in the same league as Ripple, Pantera, and Kraken, the first stage of the PDP token is almost done. Investors who have bought their tokens get access to the Paydax Dapp v1.0, which is live, and can start lending, borrowing, and earning with it on the DeFi platform.
👉 Join the Paydax presale today and get 25% bonus tokens with the promo code ‘PD25BONUS.’
Crypto and RWA Lending All In One Place
The Paydax Protocol (PDP), through its peer-to-peer (P2P) lending platform, enables investors like Kraken, Pantera, and Ripple to use both their crypto assets and RWAs as collateral to unlock new liquidity. Unlike other DeFi platforms like Aave, Compound, and MakerDAO, Paydax offers broad collateral support, which includes:
- Blue-chip crypto assets
- Stablecoins
- Tokenized RWAs
- LP crypto tokens
- Governance crypto tokens
- Yield-bearing crypto tokens
- Staked crypto tokens
Meanwhile, the Paydax Protocol (PDP) team has taken several steps to restore faith in the DeFi ecosystem. This has further boosted investor confidence in the project, which explains the massive demand from both institutional investors, who are in the same league as Ripple, Kraken, and Pantera, and retail investors.
Why Investors Trust Paydax Protocol (PDP)
- Doxxed team, which Assure DeFi has verified
- A modular smart contract system that has been declared to be well secured
- Multi-sig wallets using Gnosis Safe
- Emergency pause mechanism
- Trusted partners, including Sotheby’s, Brinks, and Onfido
- Chainlink data feeds for real-time and accurate pricing
- Redemption Pool to protect lenders
The Lending Opportunity On Paydax
With Paydax, investors can put their idle assets to work and earn up to 15.2% annual percentage yield (APY) from peer-to-peer lending. This is more than what investors will earn if they deposit their assets in the bank, which is why Paydax has earned the reputation as the people’s DeFi bank.
In addition to earning yields from P2P lending, users can also earn yields through:
- Protocol staking (up to 6% APY)
- DeFi vault staking (up to 6% APY)
- Redemption Pool staking (up to 20% APY)
- Leveraged yield farming (up to 41.25% APY)
Benefits Of Being A PDP Token Holder
Paydax Protocol (PDP) token holders enjoy several benefits, including:
- Lowering borrowing rates. This means XRP holders can enjoy discounts when borrowing, regardless of what the XRP price is at the time
- Fee sharing
- Access to direct P2P lending opportunities
- Governance rights
- First access to exclusive features
Meanwhile, considering the PDP token’s status as a new token, it has significant upside potential, providing token holders with massive potential ROI. Considering its utility, the PDP token could match major altcoins and even outperform the XRP price. The XRP price currently has a market cap of $145 billion, meaning the PDP token could rally to almost $15 per token with XRP’s market cap. Join the presale today and be a part of the first fully on-chain financial system.
Join the Paydax Protocol (PDP) presale and community:
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