Blueshift partners with Paribus

Mische Martinete — Wed, 29 Nov 2023 04:22:42 +0000

Blueshift partners with Paribus a cross-chain, decentralized finance protocol that facilitates borrowing and lending across different blockchains.

Introducing the Cardano Startup Index: A New Initiative to Promote and Support Emerging Projects

The Cardano Startup Index is a promising new project that aims to promote and support emerging projects within the Cardano blockchain ecosystem. As the number of developers and entrepreneurs building on Cardano continues to grow, some of these projects are also exploring opportunities beyond the Cardano network, reaching out to other blockchains to expand their reach and gain access to new markets. Conversely, projects from other chains seeking exposure to Cardano’s ecosystem can also do so through the Cardano Startup Index.

Blueshift: Boosting Project Expansion through Interoperability

Blueshift is a platform that helps projects grow by enabling interoperability with other ecosystems, which improves their visibility and liquidity. The Cardano Startup Index is a hand-picked selection of innovative projects that are either branching out into Cardano or expanding beyond Cardano to explore the realm of multi-chain operations.

Introducing the Cardano Startup Index Portfolio

The team behind the Cardano Startup Index has invested countless hours engaging with various projects to curate a portfolio that encapsulates the burgeoning early-stage growth happening on Cardano. It’s not just a list; it’s a representation of the immense potential and innovation that is taking place within the Cardano community.

The final selection of projects to be included in this portfolio has been made, and the official launch is slated for the coming weeks.

Introducing the Cardano Startup Index: Blueshift and Paribus Partner Up

Blueshift is excited to kick off the Cardano Startup Index by announcing their first partner, Paribus. Paribus plays a significant role by offering their community new cross-chain trading options for their PBX tokens. This partnership showcases the Cardano ecosystem’s collaborative spirit and the common goal of enhancing interoperability and expansion across various blockchain platforms.

“I am personally very excited for PBX to join the Cardano Start Up Index. This partnership will provide Paribus with even greater exposure within the Cardano community. As we continue to explore ways to expand the interoperability of the Cardano blockchain, we will be advancing partnerships with key players in the ecosystem, such as Blueshift.”—Chief Operating Officer – Paribus

The Blueshift is a decentralized exchange that leverages portfolio management within a cross-chain environment to optimize trading. It features low impermanent loss, low slippage, and the ability to conduct zero fee arbitrage, which, combined with a user-friendly asset management experience, sets it apart as a unique DeFi solution.

Paribus is a cross-chain, decentralized finance protocol that facilitates borrowing and lending across different blockchains. You can use a variety of exotic digital assets as collateral, including NFTs, LP tokens, synthetic assets, and more. The protocol’s aim is to broaden the use cases for such assets, allowing holders to collateralize them for loans or to earn interest. It operates on the principles of decentralization, removing the need for traditional financial intermediaries and offering users direct control over their digital assets in a secure environment.

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Paribus Partnership with Multichain

diane — Thu, 25 Aug 2022 21:12:37 +0000

A cross-chain borrowing and lending protocol for NFTs, liquidity positions, and synthetic assets, built for the Cardano blockhain, Paribus, announced its partnership with Multichain.

Paribus absolutely thrilled to share with the community its partnership with Multichain so that its PBX token can now be bridged to Arbitrum, Milkomeda, and Polygon.

Partnership Highlights

Cross-chain interoperability has always been at the heart of everything they hope to achieve and it’s incredible that we’ve already reached this milestone. Development teams from both Paribus and Multichain have worked tirelessly to ensure the success of this move, going above and beyond our wildest expectations.

Multichain is a leader in terms of security, cross-chain speed, and costs. Since its foundation, it has evolved from a 1:1 cross-chain bridge to an innovative cross-chain router system that interconnects multiple chains. It offers an advanced and real-time Cross-Chain Router Protocol (CRP) system that supports the interoperability of tokens, NFTs, and general data across multiple chains.

For PBX holders

For PBX holders the minimum volume required for a cross-chain transaction through the router is between 2,847 PBX and 9,412 PBX depending on which chain the bridge is between. Likewise, the maximum amount per transaction is 180,000,000 PBX to 2,747,026,344 PBX, again depending on the chain that’s being bridged to.

The transaction speeds are incredible too, with most transactions arriving within 10–30 minutes. Larger transactions may however take up to 12 hours to arrive. The definition of a large transaction varies from 1,000,000 PBX to 549,405,268 PBX depending upon the chain that it’s bridging to.

For those unfamiliar with Multichain, they may remember its previous name, Anyswap, which was founded in July 2020. Anyswap started life as a cross-chain decentralized exchange, however, seeing the strength of its development in cross-chain solutions it pivoted to specialize in bridging infrastructure.

They now provide a cross-chain router service that has a strong track record in terms of both speed and security, having quadrupled their speed of transactions over time. Significantly for Paribus, they also operate a non-custodial approach using Multi-Party Computation (MPC) technology. In practical terms this enables users to keep their full private key secret during interactions with the bridge. Because Multichain is non-custodial it means that it can’t take control of users’ assets, which is something we’ve seen happen with other platforms.