Paribus: A Sustainable Future Ahead
The blockchain space is rapidly evolving, and Paribus is one of the innovative protocols that has been making waves in recent times. With the successful launch of its first version, the platform’s focus has now shifted to governance and NFT collateralization, which are crucial aspects for ensuring the long-term sustainability of the protocol.
Governance and NFT Collateralized Loans
According to Deniz, the CEO of Paribus, “The next milestones coming up within our technical roadmap are governance and NFT collateralized loans. These are very exciting developments that will bring a lot of utility to PBX and benefit the overall blockchain space.”
Wilson, the COO of Paribus, added that the team had made impressive progress in reaching internal targets, and they are confident that these milestones will be completed before the end of the year. This is great news for the Paribus community and the blockchain space at large.
As the next Bitcoin halving approaches, expected to be in the first half of 2024, liquidity will rush back into the crypto market. NFTs are expected to see a resurgence in popularity. This is why Paribus is working towards integrating NFTs as collateral, allowing users to unlock the liquidity stored within their assets.
Paribus is also working on bridging technology that allows assets on one chain to be transposed onto another. This is crucial for achieving interoperability between protocols, and Paribus intends to deploy its platform on various chains where it sees value being delivered to its community.
Looking Ahead at a Sustainable Future
In addition to these technical developments, Paribus is also expanding the role of decision-making and governance for the protocol’s long-term health. The team intends to leverage veTokenomics, a governance model that incentivizes long-term holders of PBX. This will create a fair and open governance model that benefits the Paribus community.
In some models of veTokenomics, the holders only get the ability to submit proposals or vote on them, while in others, holders also receive a percentage of protocol fees based on the quantity of tokens they’ve locked up. This ensures better alignment between the protocol’s success and the incentives earned by token holders, preventing whales from using their votes to manipulate token prices.
Paribus’ approach to these milestones is to prioritize implementing the best available technology, aiming to provide the most secure and balanced solutions possible. This is a refreshing approach in a space where some protocols rush development for the sake of hitting targets.
Final Thoughts
Paribus is positioning itself for a sustainable future by working towards governance, NFT collateralization, bridging technology, and leveraging veTokenomics. These milestones are crucial for the long-term sustainability of the protocol, and the team is working hard to ensure that they are completed before the next Bitcoin halving in 2024. As the blockchain space continues to evolve, Paribus is definitely one protocol to watch.
For more Information and Resources, visit:
Paribus Website | Paribus Twitter | Paribus Medium | Paribus Youtube
