ParaFinance is a fully decentralized lending platform built on the Arbitrum chain dedicated to providing superior financial services to all users.ParaFinance’s lending and pledge product processes are designed to provide you with an unparalleled product experience, which is the strength of ParaFinance:
(1) ParaFinance Lending Products
ParaFinane offers multiple pledge asset choices: more, wider and more comprehensive product choices, in ParaFinance users can use a variety of digital assets (including WBTC, ETH, UNI, ARB) as a pledge, ParaFinance offers the most competitive digital asset collateralization rate in the market in the field of interest rate, to provide users with a wider range of of options to meet different financial needs.
ParaFinance enables easy access to stable coins: Through the ParaFinance lending platform, users can easily access stable coins (e.g. USDT, DAI, USDC) without the need for cumbersome processes or lengthy approvals, making it easy for users to manage their financial liquidity.
ParaFinance is fully decentralized: ParaFinance follows the decentralization principle of blockchain to ensure the safety of users’ assets. Users’ pledged assets will be securely locked in smart contracts, free from third-party interference, protecting the safety and privacy of users’ funds.
(2) ParaFinance can obtain PARA platform tokens by pledging BTC, ETH, ARB.
ParaFinance meets the needs of different users through a variety of pledge methods, in which two pledge mining methods are provided.
The first is the demand pledge: it allows users to access the pledged assets at any time, ensuring the flexibility of funds.
The second is locking pledge: different pledge cycle options are available, allowing users to maximize pledge returns according to plan.
(3) PARA’s revenue sources
1. PARA’s lending pool is a smart contract, mining users pledge assets or deposit assets, the purpose is to lend the deposited user’s assets through PARA’s lending agreement, other users can enjoy instant borrowing services, that is, collateralized in the pool for borrowing assets
2. PARA lending agreement only allows overcollateralization to avoid bad debts, the loan is executed based on previously deposited collateral, and the user can choose to repay the loan at any time
3. Borrowing user scenarios: the user can mortgage the original crypto assets, loan out a portion of the stable coins, to buy their own good tokens, for example: assuming that the user is very optimistic about the BTC, the user can deposit his original BTC in the PARA agreement, assuming that this part of the BTC is worth $20,000, then he can borrow $14,000 from the PARA, to buy in a certain exchange more BTC, so that the user has $34,000 in BTC, while his initial asset is only $20,000. If you are bearish on BTC, just reverse the process and pledge the stablecoin
4. Pledged users to provide liquidity to obtain the borrower’s interest and platform tokens, redemption, trading and other operational aspects of the proceeds generated by the machine gun pool automatic re-investment of proceeds, the borrower is fast to get the loan, the market demand for liquidity is sufficient to bring about a rise in the value of the PARA tokens
Summarize:
ParaFinance is a fully decentralized lending platform built on Arbitrum, dedicated to providing users with efficient and low-cost lending solutions.ParaFinance will create more financial opportunities while ensuring the safety of users’ assets. Whether you are a beginner or an experienced digital asset holder, ParaFinance can fulfill your financial needs. Join ParaFinance and discover the future of decentralized finance!
