COTI(COTI) New partnership with Paribus

Partner's Name

Paribus

Counterparty Website

https://paribus.io/

Counterparty Details

Paribus is a first-of-its-kind cross-chain lending/borrowing platform built on the Cardano blockchain. Paribus is poised to lead the industry in unlocking and fully realizing the intrinsic value of NFTs and other unconventional assets.

Does this partnership generate any kind of revenue?

NO

Applicable Date(s)

2022-02-07

On February 8, 2022, Paribus, a decentralized, cross-chain, lending and borrowing protocol, announced a partnership with the COTI team to integrate Djed into its collateral pool. With this integration, Djed, issued by COTI, can be used as collateral among Paribus’s ecosystem of products — thereby providing an additional transactional mechanism for Djed users. Through Paribus’s collateral-based lending functionality, users can deposit stablecoins such as USDC, USDT & Djed as collateral and access a wide range of services like synthetics and loans across multiple chains.

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