Paddle Finance has partnered with Kanpai Pandas to deliver a seamless and secure ecosystem for NFT and ERC20 token transactions. This partnership brings innovative solutions to the Kanpai Pandas community, including an integrated OTC swap portal and NFT-enabled lending features. Paddle Finance shared this groundbreaking news with the crypto community via its social media platform X.
It’s official. Paddle and @KanpaiPandas are partners!
Paddle Finance is a non-custodial liquidity protocol for ERC20s and NFTs. Paddle Finance is building an OTC swap portal directly into the Dojo (formerly PPDEX) so that Pandas can exchange ERC20s and NFTs with each other! This… pic.twitter.com/2ssEItADvd
— Paddle Finance (@PaddleFi) November 18, 2024
Paddle Finance Introducing a non-custodial OTC swap system
The partnership aims to integrate Paddle Finance’s non-custodial liquidity protocol into Kanpai Pandas’ Dojo platform (PPDEX). The enhanced platform allows users to exchange ERC20 tokens and NFTs directly, eliminating the need for third-party escrow services.
This system supports the exchange of any NFT and ERC20 token within the Kanpai Pandas ecosystem. Community members earn Paddle Points by participating in swaps, contributing to their allocation in Paddle Finance’s planned $PADD community distribution.
In addition to the OTC swap feature, the partnership will bring significant updates to the PPDEX platform. Paddle Finance aims to provide a user-friendly experience tailored to the needs of Kanpai Pandas members. The upgrades will make token and NFT transactions faster and more intuitive.
Instant NFT-backed loans
Kanpai Pandas users will enjoy exclusive benefits including 0% fees on swaps and loans facilitated by Paddle Finance. These features are designed to increase community engagement and support a more efficient trading environment.
The introduction of instant lending backed by Kanpai Pandas NFTs will allow community members to use their NFTs as collateral to borrow money while keeping their Panda Points. This option provides additional financial flexibility without losing the benefits of community involvement.
Kanpai Pandas users will receive an additional incentive of a 1.5x multiplier on Paddle Points for transactions involving Pandas NFTs. Additionally, up to 2.50 million $PADD tokens have been reserved for the Kanpai Pandas community, allowing early adopters to benefit from this partnership.