On-chain data from Lookonchain shows that Ethereum whales have purchased up to $1.6 billion in ETH since the price dropped below $4,000. Amid the buying spree, these Ethereum whales have also bought millions of Paydax Protocol (PDP) tokens at a low entry price of $0.015, seeking to unlock new liquidity with their ETH.
Ethereum whales and other market participants have bought over 38 million Paydax Protocol (PDP) tokens as they look to position themselves for opportunities in the decentralized finance (DeFi) space. With the PDP token, these Ethereum whales will be able to hold their ETH, enjoy staking rewards, and still borrow fresh liquidity using their assets as collateral.
Unlike other DeFi platforms that only accept major crypto assets as collateral, the Paydax Protocol (PDP) platform has widened the scope, enabling Ethereum whales and other investors to unlock new capital with almost any asset.
The Paydax Protocol (PDP) token unlocks access to competitive yields on the platform, enabling Ethereum whales and other investors to maximize the most of whatever liquidity they unlock on the Paydax platform. Annual percentage yield (APY) rewards include:
Paydax Protocol’s (PDP) simple vault system makes borrowing capital on the platform easy and straightforward, thereby enhancing the user experience. Borrowers simply deposit their collateral, such as the PDP tokens or other crypto or RWA assets, into the LendingPool. The platform offers a fixed rate of between 5% and 7% and a transparent fee structure. PDP token holders also receive:
Beyond yields, Paydax Protocol and its PDP token are offering real-world use cases. Anyone from anywhere in the world has the opportunity to unlock as much capital as possible with a loan-to-value (LTV) ratio of 97% for both crypto and RWA borrowing. This means that a whale with $1 million in ETH can borrow up to $970,000.
For lenders, this is also an opportunity to earn more than they would if they simply deposited their cash in the bank. Paydax Protocol (PDP) operates the lending platform in collaboration with the most trusted custody partners. Sotheby’s values the real-world assets, Brinks Custody ensures that they are well-secured, while Onfido conducts adequate KYC checks on all borrowers to ensure they are legitimate. The platform uses Chainlink’s data feeds for real-time crypto pricing and collateral valuation.
The PDP token is currently available in an ongoing presale, priced at $0.015, its lowest level ahead of stage-based increases and exchange listings. The presale undoubtedly offers bragging rights, as it provides market participants with an opportunity to bet on a project with massive potential, given that Paydax is building the first fully on-chain financial system.
Moreover, as a new token, the PDP also has more significant upside than other assets such as Ethereum, thereby offering considerable ROI potential. Paydax Protocol (PDP) is undoubtedly the new disruption that people will regret ignoring, just like Bitcoin. Which side will you be on when that happens? Join the presale today and use the promo code ‘PD80BONUS’ to get bonus tokens.
Join the Paydax Protocol (PDP) presale and community:
