On-chain analytics Lookonchain revealed that Ethereum whales moved $480 million to buy the dip after the market crash last week. These Ethereum whales used the market crash as an opportunity to buy ETH after it dropped to as low as $3,400. These Ethereum whales used the opportunity to buy the Paydax Protocol (PDP) token, which provides them access to the world’s first fully on-chain financial ecosystem.
Ethereum Whales Are Moving To Buy PDP Token
The Ethereum whales are buying the Paydax Protocol (PDP) token in its ongoing presale at a low entry price of $0.015. So far, they have bought over 63 million tokens to benefit from the amazing offerings in the Paydax ecosystem. This includes the real-world asset (RWA) borrowing option on the peer-to-peer (P2P) lending platform.
Unlike other DeFi platforms such as Aave, Compound, and MakerDAO, Paydax allows users, including Ethereum whales, to use RWAs such as gold, real estate, and jewelry to unlock new liquidity. The platform works with trusted partners, including Sotheby’s and Brinks, to make the RWA borrowing process very straightforward.
Sotheby’s values these RWAs, Brinks custodies them, and Paydax tokenizes them on its platform, enabling them to serve as collateral. Borrowers will simply deposit these tokenized assets into the Lending Pool and then borrow against them.
Unique Loan Features On The Platform
In addition to the RWA offering, the Paydax Protocol (PDP) also stands out from other DeFi platforms because of its unique loan features.
- Fixed interest rates of between 5% and 7%
- Automated safeguards, such as Health Factor monitoring, are used to reduce the risk of liquidations for borrowers
- Loan-to-value (LTV) ratio of up to 97%
- Simple vault system for borrowers to easily unlock liquidity
Broad Collateral Support
The Paydax Protocol (PDP) also offers broad collateral, with borrowers like Ethereum whales able to use crypto to borrow alongside RWAs. This is another reason these whales are moving to buy the PDP token since the platform will allow them to unlock fresh liquidity without having to sell their long-term investment, including ETH. Crypto assets support on the platform includes:
- Blue-chip crypto such as Bitcoin, Ethereum, and Solana.
- Staked tokens
- LP tokens
- Yield-bearing tokens
- Governance tokens
- Stablecoins
This means that Ethereum whales who have staked their tokens or used them for other DeFi activities can still use these coins to access new capital. For instance, a whale with up to $100,000 in ETH staked can borrow up to $97,000 on the Paydax Protocol platform. This ensures capital efficiency as investors can unlock almost maximum liquidity for other opportunities in the crypto space.
Lenders Can Earn Up To 15.2% From P2P Lending
Paydax Protocol (PDP) has also attracted Ethereum whales who are looking to put their idle assets to good use and earn up to 15.2% annual percentage yield (APY). Lenders are well protected through the Redemption pool, which repays them in the event of default on the part of the borrower. Furthermore, Paydax has adopted Onfido’s verification system to ensure that all borrowers are legitimate.
Other Ways To Earn Yields On The Platform
In addition to P2P lending, there are several other ways that users, including the Ethereum whales, can earn yields on the Paydax Protocol (PDP) platform.
- Protocol staking (up to 6% APY)
- DeFi vault staking (up to 6% APY)
- Redemption Pool (up to 20% APY)
- Leveraged yield farming (up to 41.25% APY)
These diverse opportunities are the reason why Paydax Protocol (PDP) has earned the reputation as the people’s DeFi bank. It is also why investors are buying the PDP token in the first stage of its ongoing presale at its low entry price of $0.015. Paydax is revolutionizing the DeFi landscape, and this is an opportunity to be among the first to bet on this ecosystem. Join the presale today and earn up to 25% bonus tokens using the promo code ‘PD25BONUS.’
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
