There has been a 70% spike in Shiba Inu whale transactions while investors are also moving to accumulate the Paydax Protocol (PDP) token.
Santiment data shows that there has been a 70% spike in Shiba Inu whale transactions, as the meme coin hovers above the $0.000012 level. These Shiba Inu whales are known to have made millions of dollars in the 2021 bull run when SHIB had its parabolic run. Now, these Shiba Inu whales appear to have their sights set on the Paydax Protocol (PDP) token, which is currently selling for $0.015 per token in the first stage of its ongoing presale.
Whales Buy Millions Of Paydax Protocol (PDP) Tokens
Investors, including Shiba Inu whales, are buying millions of Paydax Protocol (PDP) tokens in the ongoing presale. These investors are making this move to unlock the DeFi opportunities on the platform. For instance, these investors, including Shiba Inu whales, can lend their assets through the peer-to-peer (P2P) lending feature and earn an annual percentage yield (APY) of up to 15.2%.
Furthermore, the Paydax Protocol (PDP) boasts a Redemption Pool, which helps protect lenders, such as the Shiba Inu whales. Funds are paid out from the Redemption Pool in the event of default by the borrower. Interestingly, this is another way for these Shiba Inu whales to earn yields on the platform. They can stake their tokens in the pool to underwrite loans and earn up to 20% APY from the premiums that lenders pay. They can also earn:
- 6% APY from protocol staking
- 6% APY from staking in the DeFi vaults
- 41.25% APY from leveraged yield farming
Why Paydax Stands Out
Paydax Protocol (PDP) stands out from other DeFi platforms for several reasons:
- Broad collateral support, including tokenized real-world assets (RWAs)
- Fixed interest rates of between 5% and 7%
- Loan-to-value (LTV) ratio of 97%
- Simple vault system for borrowers to access instant liquidity
- Doxxed team, which has been verified by Assure DeFi
- Immutable smart contracts
- Overcollateralized loans
- Trusted partners, including Sotheby’s, Brinks, and Onfido
- Chainlink Oracles for accurate crypto pricing
Unlocking Capital With Almost Any Asset
In addition to earning yields on the Paydax Protocol (PDP), Shiba Inu whales also have the opportunity to unlock millions in fresh liquidity through the P2P lending feature. Thanks to the broad collateral support on the platform, these Shiba Inu whales aren’t only restricted to their SHIB holdings. Notably, the platform supports the following assets as collateral:
- Blue-chip crypto assets such as BTC, ETH, XRP, and SHIB
- Stablecoins
- Tokenized RWAs, such as real estate, watches, and precious metals
- LP tokens
- Staked tokens
- Governance tokens
- Yield-bearing tokens
Meanwhile, thanks to the LTV ratio of up to 97%, these Shiba Inu whales can access almost maximum liquidity on their collateral without having to sell their assets. For example, A Shiba Inu whale with $1 million worth of SHIB can access up to $970,000 without having to sell their SHIB holdings.
With the bull run currently underway, Paydax Protocol (PDP) provides an opportunity for investors to maximize their profits on every emerging market trend in the crypto market. This explains why Shiba Inu whales and other investors are accumulating as many PDP tokens as they can, so they can have complete access to the Paydax ecosystem.
Added Perks Of Being A PDP Token Holder
There are additional benefits of being a Paydax Protocol (PDP) token holder. PDP token holders get to enjoy:
- Lower borrowing rate
- Governance rights
- Access to secure staking and DeFi vaults
- Direct P2P lending opportunities
- Exclusive access to new features on the platform
The ROI Potential
As a newer token, PDP has more significant upside than the likes of Shiba Inu. Moreover, the crypto market has drifted back to utility tokens over meme coins, which puts PDP further in the spotlight. Notably, utility tokens like Aster recorded a 2,000% rally in just a week. Considering the PDP token’s utility, there is a belief that it could replicate or even surpass this feat.
Moreover, while coins like Shiba Inu bank on hype, PDP is the gateway to the first fully on-chain financial system. Paydax Protocol (PDP) integrates banking, tokenization, and insurance on-chain, making it a multi-billion dollar ecosystem. Just like the Shiba Inu whales, other investors can buy the PDP token today at a low entry price of $0.015 and receive up to 25% bonus tokens using the ‘PD25BONUS.’
Join the Paydax Protocol (PDP) presale and community:
Website: https://pdprotocol.com/
Telegram: https://t.me/PaydaxCommunity
X (Twitter): https://x.com/Paydaxofficial
Whitepaper: https://paydax.gitbook.io/paydax-whitepaper
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Source: https://coindoo.com/shiba-inu-whales-make-their-move-with-70-spike-how-to-make-millions-like-them/