US Tariffs Spark Major Crypto Market Shift
US President Trump has announced a full 100% tariff on imports from China, an action that has sent ripples throughout the global economic landscape. This decision resulted in an unprecedented $19 billion loss in the cryptocurrency market, with notable declines in Ethereum, AAVE, and MakerDAO. As the market reacts to these developments, investors are increasingly turning their attention to altcoins that promise growth through utility, with the PayDax Protocol (PDP) emerging as a focal point.
AAVE Experiences Significant Weekly Decline
AAVE, like many altcoins, initially benefited from the bullish momentum surrounding Bitcoin’s peak price of $125,000, surging over 20% during the first week of October. However, the recent trade disputes have introduced greater volatility, resulting in a 15% drop in AAVE’s price over the past week. Currently, AAVE is trading at $241.
MakerDAO Faces 11% Weekly Drop
Holders of MakerDAO have faced a challenging week, as the asset has seen an 11% decrease in value. At present, MakerDAO is priced at $1,418, reflecting an 18% decline over the last month. With substantial losses mounting, many investors in MakerDAO and AAVE are now eyeing a promising new Ethereum DeFi altcoin, PayDax Protocol (PDP). Marketed as a decentralized financial institution for the masses, PayDax effectively combines lending, insurance, and reward services on-chain, enabling users to avoid traditional bank fees while enhancing their deposit returns.
PayDax Protocol (PDP): Access Liquidity Without Liquidating Assets
The PayDax Protocol (PDP) exemplifies the future of decentralized banking, allowing users to obtain USDT loans by using cryptocurrency or Real-World Assets (RWAs) as collateral. This innovative approach helps users avoid selling their assets, thus sidestepping potential tax liabilities and the risk of missing out on future appreciation. Through PayDax’s peer-to-peer (P2P) platform, users can tokenize their RWAs and secure loans that can reach up to 97% of the asset’s value, effectively integrating a vast array of global assets into the DeFi ecosystem.
Exceptional Lending and Staking Returns
In contrast to conventional banks that restrict loans and provide minimal interest on deposits, PayDax Protocol (PDP) empowers users to set their own interest rates. Currently, liquidity providers can earn as much as 15.2% annual yields, significantly surpassing the returns offered by typical savings accounts. Additionally, experienced stakers utilizing yield farming strategies can achieve gains exceeding 41%. To further bolster security for lenders, PayDax introduces an insurance initiative known as the Redemption Pool, allowing users who stake funds to earn an annual percentage yield (APY) of 20% by safeguarding the system against possible borrower defaults.
Growth Driven by Strong Infrastructure and DeFi Utility
PayDax Protocol (PDP) partners with industry leaders like Sotheby’s and Brinks to ensure comprehensive security for user RWAs. The project team has also completed thorough Know Your Customer (KYC) verification through Assure DeFi, ensuring accountability among executives. These elements, coupled with the anticipated growth in RWA tokenization by 2040, underscore the significance of PayDax’s ongoing presale. With an initial entry price set at just $0.015, PDP presents an opportunity to invest early in what could become a leading token in the market.
