collateral

Paribus: How loans work.

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Time Stamp: February 8, 2023 12:42 PM - Modified On: February 8, 2023 - Published By:
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Republished By Plato

How Loans Work A surprising number of people worldwide have little understanding of how the modern monetary system works. This lack of financial literacy can have significant impacts on individuals and their ability to become more productive members of society. For instance, many people think that debt is bad without understanding that it’s an essential ingredient for growth. All of the world’s major economies operate a debt-based model which is paramount to ensure continued growth and expansion. Without the ability to create debt, growth is dictated by the current level

Paribus 2023 Roadmap

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Time Stamp: January 28, 2023 4:10 AM - Modified On: January 28, 2023 - Published By:
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Republished By Plato

A Bright Future Ahead As the new year begins most people use this time to review their past achievements and recalibrate their aims for the future. At Paribus we’re no different, and this gives us the opportunity to add more details to our roadmap based on our latest developments. The first thing to note about our updated roadmap is that there are no dates. In our journey, we’ve found that giving public dates can often be counter-productive. Although we use dates as internal targets, these are often flexible and adapt

xBacked Launches xUSD, a 110% Over-Collateralised Stablecoin for Algorand Positioned to Transform the DeFi Realm

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Time Stamp: January 17, 2023 4:29 AM - Modified On: January 17, 2023 - Published By:
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Republished By Plato

MEDIA RELEASE xBacked is a permissionless over-collateralized stablecoin protocol built on Algorand that allows anyone to use cryptocurrency without the volatility xBacked's decentralised stablecoin xUSD is available now to be minted on the platform, and aims to maintain a stable value of $1 USD backed by assets in the basket Stability pool, on-chain governance and TGE (token generation event) will be available in the coming months 17 JANUARY 2023: Launching today, xBacked is set to raise the bar with its over-collateralized stablecoin, xUSD. Built on Algorand and backed by multiple

The Price is Right

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Time Stamp: December 27, 2022 4:09 PM - Modified On: December 27, 2022 - Published By:
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Republished By Plato

This week we dig a little deeper into our rationale and the challenges we’ve faced in developing a new protocol. As we’ve seen this year, borrowing and lending in crypto can be a risky business which is why we’ve taken our time to thoroughly plan and think through the process. Two essential lessons everyone should have learned in 2022 are that leverage is bad and giving away control of your crypto is a recipe for disaster. To ensure neither of these situations occurs with Paribus we’ve followed the safest approach

Breaking New Ground

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Time Stamp: October 21, 2022 3:48 PM - Modified On: October 21, 2022 - Published By:
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Republished By Plato

October has been another strong month for our development team who are continuing to make breakthroughs with the NFT module aspects of Paribus. As we always say it’s never easy to do something that hasn’t been done before, and we’re lucky to have such a talented team of devs conscientiously breaking new ground. Even before our MVP hits the mainnet we’ll be ready to conduct in-house testing of various aspects of our NFT iteration. Frontend This month we’re pleased to announce that several areas of the frontend have completed the