Paddle Finance Partners with Kanpai Pandas to Boost NFT Utility
Paddle Finance has partnered with Kanpai Pandas to ship a seamless and safe ecosystem for NFT and ERC20 token transactions. This collaboration brings revolutionary options to Kanpai Pandas’ group, together with an built-in OTC swap portal and NFT-backed mortgage options. Paddle Finance has shared this groundbreaking information with the crypto group by means of its social media platform, X.
It’s Official. Paddle and @KanpaiPandas are Companions!
Paddle Finance is a non-custodial liquidity protocol for ERC20s & NFTs. Paddle Finance is constructing an OTC swap portal instantly into the Dojo (previously PPDEX) in order that Pandas can swap ERC20s and NFTs amongst one another! This… pic.twitter.com/2ssEItADvd
— Paddle Finance (@PaddleFi) November 18, 2024
Paddle Finance Introducing a Non-Custodial OTC Swap System
The partnership goals to combine Paddle Finance’s non-custodial liquidity protocol into Kanpai Pandas’ Dojo platform (PPDEX). The improved platform will enable customers to swap ERC20 tokens and NFTs instantly, eliminating the necessity for third-party escrow providers.
This method helps the alternate of any NFT and ERC20 token inside the Kanpai Pandas ecosystem. Neighborhood members will earn Paddle Factors by partaking in swaps, contributing to their allocation in Paddle Finance’s deliberate $PADD group distribution.
Along with the OTC swap function, the partnership will convey important updates to the PPDEX platform. Paddle Finance goals to ship a user-friendly expertise tailor-made to the wants of Kanpai Pandas’ members. The upgrades will make token and NFT transactions sooner and extra intuitive.
Immediate NFT-Backed Loans
Kanpai Pandas customers will get pleasure from unique advantages, together with 0% charges on swaps and loans facilitated by Paddle Finance. These options are designed to drive engagement inside the group and assist a extra environment friendly buying and selling setting.
The introduction of on the spot loans backed by Kanpai Pandas NFTs will allow group members to make use of their NFTs as collateral to borrow funds whereas retaining their Panda Factors. This feature offers extra monetary flexibility with out forfeiting group engagement advantages.
Kanpai Pandas customers will obtain an added incentive of a 1.5x multiplier on Paddle Factors for transactions involving Pandas NFTs. Moreover, as much as 2.50 million $PADD tokens have been reserved for the Kanpai Pandas group, guaranteeing early adopters profit from this collaboration.
