Paddle Finance has partnered with Kanpai Pandas to ship a seamless and safe ecosystem for NFT and ERC20 token transactions. This collaboration brings modern options to Kanpai Pandas’ neighborhood, together with an built-in OTC swap portal and NFT-backed mortgage options. Paddle Finance has shared this groundbreaking information with the crypto neighborhood by 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 immediately 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 immediately, eliminating the necessity for third-party escrow providers.
This technique helps the change of any NFT and ERC20 token throughout the Kanpai Pandas ecosystem. Group members will earn Paddle Factors by participating in swaps, contributing to their allocation in Paddle Finance’s deliberate $PADD neighborhood distribution.
Along with the OTC swap characteristic, the partnership will carry vital 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 quicker and extra intuitive.
Instantaneous NFT-Backed Loans
Kanpai Pandas customers will take pleasure in unique advantages, together with 0% charges on swaps and loans facilitated by Paddle Finance. These options are designed to drive engagement throughout the neighborhood and help a extra environment friendly buying and selling atmosphere.
The introduction of immediate loans backed by Kanpai Pandas NFTs will allow neighborhood members to make use of their NFTs as collateral to borrow funds whereas retaining their Panda Factors. This feature supplies extra monetary flexibility with out forfeiting neighborhood 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 neighborhood, guaranteeing early adopters profit from this collaboration.
