Cross-Chain Lending/Borrowing platform Paribus to utilize Orion NFT Oracle + Orion Collateral Optimization

Paribus is the first of its kind cross-chain lending/borrowing platform on Cardano. Orion Protocol, the first decentralized aggregator to aggregate CEX + DEX liquidity, will provide rich NFT pricing data to Paribus via the first NFT Oracle. Meanwhile, Orion Collateral Optimization  will allow Paribus to automatically and seamlessly trigger the liquidation process on its lending/borrowing platform.

Orion Protocol is built on the most advanced liquidity aggregator ever developed, and will aggregate all of the most popular digital asset exchanges into one decentralized platform. It acts as a gateway to the fragmented digital asset market, aggregating the industry's liquidity, order book depth, and trading pairs into one decentralized portal. 

Paribus is the first of its kind cross-chain lending/borrowing platform on Cardano, leading the industry in enabling intrinsic value of NFTs. With a sophisticated and dynamic interest rate algorithm, Paribus will unlock liquidity across chains through a range of conventional and unconventional crypto assets such as liquidity positions, synthetics, virtual land and NFTs. The vision is to unlock the value stored across the entire crypto market. 

As it stands, the NFT marketplace in particular is deeply fragmented and disconnected. NFT assets are auctioned and traded across wildly different marketplaces, leading to frequent occurrences of illiquidity and devaluation. Orion Protocol has recently announced that it will become the first NFT Aggregator (built on Cardano): aggregating all major NFT marketplaces into Orion Terminal. NFT marketplaces will provide liquidity to the Orion network to drive accessibility, liquidity, and volume to the currently fragmented NFT space, benefiting users and marketplaces alike. But to date, the space has become populated with overhyped celebrity sales, and is at risk of being classed as ‘a bubble’ as a result.

Orion Protocol is focused on ensuring the sustainability of the DeFi landscape as a whole, and that includes the burgeoning NFT space. Orion Protocol will feed back price data to marketplaces via the industry’s first NFT Oracle. As work continues in the development of Paribus NFT models and systems, and as the world of NFTs expands and develops, it will be vital to collaborate and share insight into the most effective and accurate process of evaluating NFT prices. Orion NFT Oracle will enable fair pricing data determined based on sales and sentiment, ensuring the sustainability of the NFT space - disallowing malicious actors to create and over-inflate the value of NFTs and ensuring the sustainability of the sector as a whole. 

Meanwhile, Orion Collateral Optimization will allow companies like Paribus to use Orion APIs for the liquidation process on their platforms. The specific use case for the Paribus protocol will be to use this functionality for bot requirements - the use of this tool will allow Paribus to automatically and seamlessly trigger the liquidation process. 

Paribus is the first of its kind cross-chain lending/borrowing platform on Cardano, leading the industry in enabling intrinsic value of NFTs. With a sophisticated and dynamic interest rate algorithm, Paribus will unlock liquidity across chains through a range of conventional and unconventional crypto assets such as liquidity positions, synthetics, virtual land and NFTs. The vision is to unlock the value stored across the entire crypto market. The long term goal of Paribus is to take an adaptable approach by including whatever new crypto assets the future brings.