Greetings Paribus Community!
There has been a growing interest in meme coins within the cryptocurrency space, driven by their unique characteristics and often fervent communities.
Despite the inherent risks associated with meme coins, it is worth acknowledging that some of the top meme coins exhibit significant on-chain liquidity.
This liquidity presents an intriguing opportunity for borrowing and lending, particularly when considering the ease of liquidation in the event of over-leverage.
The volatile nature of meme coins may result in more frequent borrowing activities, as traders seek to capitalize on both long and short positions or leverage their NFT assets to engage in more speculative trading strategies. As we contemplate expanding our borrowing and lending markets, it’s essential to consider the potential inclusion of meme coins such as DOGE, Shiba, Pepe, and others alongside more traditional assets.
Therefore, before proceeding with any decisions regarding the listing of meme coins as collateral on Paribus, it is imperative to engage with our community and gather valuable insights. We value the perspectives of our users and believe that community input is integral to shaping the future of our platform.
With that in mind, we invite you to share your thoughts and opinions on whether listing meme coins as collateral is something you would like to see available on Paribus in the near future. Your feedback will play a pivotal role in guiding our decision-making process and ensuring that we continue to uphold the highest standards of safety and innovation.
Thank you for your continued support and participation in the Paribus community.
Sincerely,
The Paribus Team