Paribus is a decentralized, cross-chain borrowing and lending platform designed to unlock the full potential of various digital assets, including NFTs (non-fungible tokens), LP (liquidity provider) tokens, and synthetic assets. It enables these assets to be used as collateral for borrowing and lending. Key features include cross-chain compatibility, which allows the creation of interoperable financial products across different blockchain networks; advanced NFT valuation algorithms for instant collateral assessment, facilitating non-P2P lending and improving scalability; and decentralized governance through its native token, PBX. Token holders can participate in decision-making and earn a share of the protocol's fees based on their holdings.
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