Paribus: Activation Spotlight on Orion Terminal

This isn’t your regular Spotlight - this is the first Activation Spotlight. Orion Terminal is one of the primary listings for Paribus' PBX launch today, with exclusive PBX farming only on Orion. At 12pm ET, trade and farm PBX on Orion Terminal. 

Orion’s new “Activation” initiative will spotlight vetted and promising projects launching into the ever-evolving crypto space, allowing Orion Terminal users early access to a wider array of assets, while bringing new users to the terminal. Users will be able to seamlessly trade across Orion Pool, CEXs, and DEXs, and the order will always be routed to the liquidity source with the best price.

Who is Paribus?

Paribus is a cross-chain, decentralized finance protocol which utilizes and unlocks various conventional and unconventional digital assets as a borrowing and lending platform. “If it can be verified, it can be sold. If it can be sold, there is intrinsic value. If there is intrinsic value, this value can be leveraged.” Utilizing the Cardano blockchain, Paribus’ focus on existing applications and in non-fungible and fungible tokens allows them to explore a variety of financial tools and products relating to NFTs, lending and borrowing. This creates a combined destination for users to explore many financial tools and means it supports a number of assets such as USDT, as well as NFTs, or land based on something like Decentraland.

“We’re honored to be the first Activation Spotlight on Orion Terminal. Listing on Orion Terminal on our day of launch was a critical move to enable decentralized access to PBX for users globally, while allowing us to tap into the ever-growing Orion community. As the only aggregator to provide access to both CEX + DEX liquidity in one place, Orion Terminal will enable our community access to PBX in one place, regardless of jurisdiction, at the best price.”  - Wilson Davis, COO of Paribus

PBX on Orion Terminal

This isn’t your regular Spotlight - this is the first Activation Spotlight. Paribus’ PBX token launches on Orion Terminal at 12pm ET.

Orion Terminal is one of the primary listings for PBX:

• Global access across CEX + DEX
• No account, no KYC
• Trade at the best price, every time

Exclusive PBX farming:

• Provide liquidity for the PBX/USDT pool + earn 0.3% pool fees
• Earn native farming rewards on top of pool fees

Excited about the launch of PBX on Orion Terminal? We are too. To mark this day, we’ll be sharing exclusive content, competitions, and more throughout #PBXday, with an opportunity to win PBX and ORN over on Orion's Telegram at 4pm ET.

Orion x Paribus Partnership

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. 

Orion’s new “Activate” initiative will spotlight vetted and valuable projects launching into the ever-evolving crypto space, allowing Orion Terminal users early access to a wider array of assets. Users will be able to seamlessly trade across Orion Pool, CEXs, and DEXs, and the order will always be routed to the liquidity source with the best price.

Listing on Orion Terminal creates visibility for any new token, allowing global and decentralized access to their asset alongside marketing support, native farming, complex order types and charting, and future access to advanced features like margin and lending.

Stay tuned for more Spotlight projects, partners, and listings to come.