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ParaSpace

ParaSpace

ParaSpace is a decentralized lending protocol that allows users to borrow and lend against both Non-Fungible (NFT) and Fungible (ERC-20) Tokens. It operates as the lending protocol within the ParaX ecosystem, a Web3 super app.
Distributed
Employees: 14

Description

ParaSpace is a universal liquidity protocol for decentralized finance (DeFi), enabling users to leverage their digital assets. The platform facilitates borrowing and lending using both Non-Fungible Tokens (NFTs) and standard ERC-20 tokens as collateral. ParaSpace has integrated into the broader ParaX ecosystem, which is described as a Web3 super app built on account abstraction and zkVM technologies. ParaX offers a suite of services including a wallet, asset bridging, transfers, swaps, and lending, with ParaSpace serving as its core lending component.