Cardano founder Charles Hoskinson said during a Bloomberg interview that Bitcoin will reach $250,000 by mid-2026. The Cardano founder believes that Bitcoin will reach this target partly thanks to the projected passage of the CLARITY Act. The Cardano founder also expects new capital to flow into the Bitcoin ecosystem through new users.
Meanwhile, Bitcoin and Cardano users can utilize their coins to unlock new capital on the Paydax Protocol (PDP). With BTC projected to rise to as high as $250,000, this means that investors can access up to $242,000 in fresh liquidity from just 1 BTC.
Paydax Offers Up To 97% Loan-To-Value (LTV) Ratio
Paydax Protocol (PDP) offers a loan-to-value (LTV) ratio of up to 97%, allowing users to access as much liquidity as possible while protecting their long-term investment in Bitcoin. Furthermore, users can use other blue-chip assets, such as Cardano, Solana, and Ethereum, as collateral on the platform. Chainlink’s data feeds are employed to provide real-time pricing for these crypto assets.
Meanwhile, Paydax also supports tokenized real-world assets (RWAs) as collateral on the platform. The team works with trusted custody partners to make the loan process involving RWAs very straightforward. Sotheby’s is responsible for valuing these assets, while Brinks handles their custody, and Paydax tokenizes them on-chain.
For lenders, including those who hold Bitcoin and Cardano, this is an opportunity to earn up to 12.5% annual percentage yield (APY) on peer-to-peer (P2P) lending. That way, they can put their long-term Bitcoin and Cardano investments to good use rather than leaving them idle in a cold wallet.
Adequate Safeguards For Loan Transactions
Both borrowers and lenders can rest assured, as there are adequate safeguards in place on the Paydax Protocol (PDP). These safeguards include:
- Overcollateralized loans
- Automated safeguards, including Health Factor monitoring and circuit breakers to reduce sudden liquidations.
- Immutable core contracts that Assure DeFi has assessed and declared to be well secured.
- Multi-sign wallets using Gnosis Safe to protect users’ funds.
- Redemption Pool to ensure that lenders are made whole even in the event of loan defaults.
- Onfido’s verification system ensures that all borrowers are legitimate.
- Bug bounties
- Emergency shutdowns to protect users’ funds.
The PDP Token Is At The Center Of It All
The Paydax Protocol (PDP) token is the key to either borrowing or lending on the DeFi platform. Token holders get to enjoy loan fee discounts and lower borrowing rates. They also enjoy other key perks based on the number of coins they hold. These perks include:
- Early access to RWA collateral
- Governance rights
- Fee sharing
- Early access to new features
- VIP support
- Exclusive DAO events
Unlocking Up To 41.25% APY With The PDP Token
PDP token holders have an opportunity to earn up to 41.25% APY through leveraged yield farming. These token holders can borrow additional funds with up to 5x leverage. For instance, a token holder with $10,000 can access up to $50,000. They can utilize these borrowed funds, which may come in the form of Bitcoin, Cardano, or other major crypto assets, to farm various DeFi platforms.
This includes perpetual decentralized exchanges (DEXs) that could give them a seven-figure airdrop. These PDP token holders can also use the borrowed funds to farm funding rates, liquidity pools, and earn additional yields, which help boost their crypto portfolio. This explains why market participants have already purchased over 81 million PDP tokens at $0.015 per token in the ongoing Paydax Protocol (PDP) presale, as they seek to enjoy these yields alongside other benefits.
It is worth noting that the presale offers an opportunity to have bragging rights as one of the early investors in the potential billion-dollar ecosystem. Join the presale today and earn up to 80% in bonus tokens 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
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