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Cryptocurrency News Articles

Paddle Finance and Kanpai Pandas Partner to Offer Seamless and Secure NFT and ERC20 Token Transactions

Nov 20, 2024 at 02:00 am

This collaboration brings innovative solutions to Kanpai Pandas’ community, including an integrated OTC swap portal and NFT-backed loan features.

Paddle Finance and Kanpai Pandas Partner to Offer Seamless and Secure NFT and ERC20 Token Transactions

Paddle Finance, a non-custodial liquidity protocol for ERC20s and NFTs, has announced a partnership with Kanpai Pandas to integrate its OTC swap portal into the Kanpai Pandas Dojo platform (PPDEX).

This integration will allow users to swap ERC20 tokens and NFTs directly on the platform, eliminating the need for third-party escrow services. The system will support the exchange of any NFT and ERC-20 token within the Kanpai Pandas ecosystem.

Community members will earn Paddle Points by engaging in swaps, contributing to their allocation in Paddle Finance’s planned $PADD community distribution.

“It’s Official. Paddle and @KanpaiPandas are Partners!

Paddle Finance is a non-custodial liquidity protocol for ERC20s & NFTs.

We're building an OTC swap portal directly into the Dojo (formerly PPDEX) so that Pandas can swap ERC20s and NFTs amongst each other! This ...”

This partnership will also see Paddle Finance introduce several updates to the PPDEX platform, aiming to enhance the user experience and cater specifically to the needs of Kanpai Pandas members.

The upgrades will make token and NFT transactions faster and more intuitive, ultimately creating a seamless and efficient trading environment.

Kanpai Pandas users will enjoy exclusive benefits, including 0% fees on swaps and loans facilitated by Paddle Finance.

Moreover, the partnership will introduce instant loans backed by Kanpai Pandas NFTs, allowing community members to use their NFTs as collateral to borrow funds while simultaneously retaining their crucial Panda Points.

This integration aims to drive engagement within the community and provide a seamless trading experience.

Additionally, Kanpai Pandas users will receive an added incentive of a 1.5x multiplier on Paddle Points for transactions involving Pandas NFTs.

To further enhance this collaboration, up to 2.50 million $PADD tokens have been earmarked for the early Kanpai Pandas community, ensuring that those joining the initiative early on will reap the greatest rewards.

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