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 progressive 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 way of its social media platform, X.

 

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 straight, eliminating the necessity for third-party escrow providers.

 

This method helps the change of any NFT and ERC20 token inside the Kanpai Pandas ecosystem. Neighborhood 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 function, the partnership will deliver 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 sooner and extra intuitive.

Prompt 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 neighborhood and assist a extra environment friendly buying and selling surroundings.

The introduction of instantaneous 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 offers further 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, making certain early adopters profit from this collaboration.