Crypto firm Ripple is in the spotlight with the potential launch of the XRP ETFs. These XRP ETFs are likely to gain approval in October, with Grayscale’s final deadline on October 18, according to the SEC release, which is a positive for Ripple. Notably, Ripple is the largest XRP holder, which makes the XRP ETFs bullish and historic for the crypto firm.
Meanwhile, Paydax Protocol (PDP) is taking the crypto space by storm by introducing the first fully on-chain financial system. Assets like XRP ETFs and Ripple shares are set to gain more relevance, thanks to the platform, as investors will be able to unlock fresh liquidity using these assets.
Using RWAs Like XRP ETFs and Ripple Shares To Unlock Liquidity
Holders of illiquid assets, such as stocks, real estate, and cars, have typically faced challenges in securing loans on traditional finance (TradFi) and decentralized finance (DeFi) platforms. Most of the time, they have to sell these assets just to obtain fresh capital. However, that changes with the Paydax Protocol (PDP), which offers loans on real-world assets (RWAs), including XRP ETFs and Ripple shares.
These RWAs are tokenized on the platform and deposited into the LendingPool, making borrowing very straightforward. Besides offering loans on tokenized RWAs, the Paydax Protocol (PDP) differs from other DeFi platforms such as Aave, Compound, and MakerDAO with features such as:
- Up to a 97% loan-to-value (LTV) ratio.
- Fixed interest rates of between 5% and 7%.
- Fixed fee structure, ensuring transparency with all loan transactions.
- Simple vault system, creating a user-friendly experience for borrowers.
- Collateral support for crypto tokens, including LP and staked tokens.
- Stability pool to heavily reward PDP token holders.
An Opportunity For Lenders To Earn Up To 15.2% APY
With the Paydax Protocol (PDP), lenders have the opportunity to earn an annual percentage yield (APY) of up to 15.2% instead of leaving their assets idle. These lenders simply need to deposit their assets, such as tokenized RWAs, including XRP ETFs and Ripple shares, to provide liquidity for borrowers. In return, they receive these yields, which are obtained from the interests paid by borrowers.
Lenders, who hold PDP tokens, can also earn yields:
- Up to 6% APY from the Stability Pool, alongside governance rights.
- 6% APY from the DeFi vaults.
- 20% APY by staking in the Redemption pool to underwrite loans.
- 41.25% APY by borrowing additional funds with 5x leverage for leveraged yield farming.
Adequate Protections In The Ecosystem
The Paydax Protocol (PDP) has adequate protections in place to ensure that peer-to-peer (P2P) lending and other DeFi activities on the platform run smoothly. These include:
- A modular smart contract system that Assure DeFi has assessed to be well secured.
- Immutable core contracts.
- Emergency shutdowns.
- Bug bounties.
- Sotheby’s, Brinks Custody, and Onfido for end-to-end validation.
- Chainlink oracles for real-time crypto prices.
- Multi-sig wallets using Gnosis.
- Decentralized identities.
Utility That Puts PDP Token Up There With The Major Altcoins
Bitwise CEO Hunter Horsley recently predicted that crypto borrowing and lending is the next big thing, which makes the PDP token’s utility unmatched as it unlocks access to a potentially multi-billion-dollar space. The token’s utility could easily put it up there with the major altcoins, which is why there is so much attention on its ongoing presale, with the token selling at a low entry price of $0.015.
The Paydax Protocol (PDP) token undoubtedly has more upside than the likes of XRP, ETH, and SOL. At XRP’s market cap, the PDP token could be worth as much as $17. Notably, it has a lower float than XRP, which could easily spark a supply shock. Unlike XRP, which has a maximum supply of 100 billion coins, PDP’s supply is capped at 10 billion.
Over 38 Million PDP Tokens Sold Already
Over 38 million Paydax Protocol (PDP) tokens have already been sold at its current price of $0.015, as market participants look to access the offerings on the DeFi platform. These participants include those who have also come to realize that Paydax offers them a way out of the broken traditional finance system.
Paydax is a global movement, offering cross-border financial services, and the PDP presale is an opportunity to be part of something big. There is also the ROI potential alongside the staking yields for PDP token holders. Users can join the presale and get up to 80% bonus tokens by using the promo code ‘PD80BONUS.’
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
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
