Shiba Inu ETF Launch: Why The New SEC Guidelines Could Fast-Track An Approval

The SEC has approved the generic listing standards, which could pave the way for the launch of a Shiba Inu ETF. This is based on the fact that Shiba Inu has been listed on Coinbase Derivatives, a CFTC-regulated exchange, for over six months, which is a requirement under the new SEC rule.

Meanwhile, Paydax Protocol (PDP) is providing a platform where investors can unlock fresh liquidity with assets like a potential Shiba Inu ETF. With the SEC’s new rule, a lot of other crypto ETFs, including a Shiba Inu ETF, could launch and be used as collateral on the Paydax platform.

RWA Borrowing On The Paydax Platform (PDP)

Paydax Protocol (PDP) offers broad collateral support, enabling users to use real-world assets (RWAs), such as a potential Shiba Inu ETF, under the new SEC rule, to borrow on the platform. The platform offers a loan-to-value (LTV) ratio of up to 97%, meaning that a person holding $100,000 in Shiba Inu ETF shares, for example, can access a loan of up to $97,000. Paydax also accepts the following assets as collateral:

• Blue-chip crypto assets like BTC, ETH, XRP, and Shiba Inu.
• Stablecoins, including USDT and USDC.
• LP Tokens
• Staked tokens
• Governance tokens
• Yield-bearing tokens

Benefits Of Borrowing On Paydax

There are several benefits associated with borrowing on the Paydax Protocol (PDP) compared to borrowing on other DeFi platforms, such as Aave, Compound, and MakerDAO.

• Predictable fixed interest rates of between 5% and 7%.
• Transparent terms and fee structure.
• Unlocking liquidity with illiquid assets like the potential Shiba Inu ETF and other RWAs.
• Excellent user experience with a simple vault system that allows for easy borrowing of loans.

How The Paydax Platform Works

Borrowing on the Paydax Protocol (PDP) is very straightforward. Borrowers simply deposit their collateral, such as the Shiba Inu ETF, into the vault, interacting with the LendingPool smart contract. Based on the collateral deposited and the LTV value, these users can instantly borrow blue-chip assets and stablecoins.

Once borrowers unlock this liquidity, they need to maintain a health factor above 1.0 to avoid liquidation and losing their collateral. Meanwhile, they instantly receive their collateral back once they repay the loan.

Adequate Safeguards In The Paydax Ecosystem

1. A dox’d team that Assure DeFi has verified to ensure regulatory compliance and maintain good standing with regulators like the SEC.
2. Immuntable smart contracts that Assure DeFi has assessed and declared to be well secured.
3. Overcollateralized loans.
4. Emergency pause mechanism.
5. Multi-sig wallets using Gnosis Safe.
6. Brinks Custody for collateral custody.
7. Onfido’s verification system is used to ensure that borrowers are legitimate.
8. Sotheby’s to evaluate RWA collateral and ensure they are valuable.
9. Chainlink’s oracles for real-time crypto pricing to value crypto collaterals.

Utility over Memes

With market participants now rotating from meme coins like Shiba Inu to utility coins, Paydax Protocol’s (PDP) token has come into the spotlight. The PDP token boasts several use cases, including providing fee discounts on loans. With PDP, anyone from anywhere in the world can access instant loans in minutes with either their crypto or real-world assets.
Token holders also enjoy competitive yields of up to 41.25%. With such utility, the PDP token, which is selling for $0.015 in its presale, could easily reach SHIB’s market cap even if a Shiba Inu ETF launches under the new SEC rule. Moreover, a PDP ETF could eventually launch under the new SEC rule, which could put it ahead of SHIB.

The PDP token could witness a 48x gain if it reaches Shiba Inu’s market cap of $7 billion. This ROI potential is one of several incentives that have motivated market participants to already buy over 81.5 million PDP tokens in the ongoing presale.

Paydax Protocol (PDP) is building a complete financial ecosystem, and these investors see the presale as an opportunity to be part of a global movement. Market participants who join the presale today can get 80% bonus tokens with the promo code ‘ PD80BONUS ’ and start earning yields right from the get-go.

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