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PayDax Protocol Presale Tops $600,000 as New DeFi Lender Courts Early Backers

Reports say the Ethereum-based lending project has raised more than $600,000 at a $0.015 token price during its first presale stage.

Overview

  • Coverage from Sept. 23–25 cites Phase 1 totals of roughly $600,000 to $646,000 and a $0.015 entry price, with several articles promoting an 80% purchase bonus code during the sale.
  • The project markets peer‑to‑peer lending with loan‑to‑value ratios up to 97% and advertised yields including 15.2% APY for lenders, 20% in a Redemption Pool, up to 6% for protocol staking, and leveraged farming up to 41%, with some pieces noting fixed APR loans of 5–7%.
  • PayDax says it will accept staked tokens, LP shares, and tokenized real‑world assets such as gold, real estate, and collectibles as collateral, using Chainlink price feeds and naming custody or validation ties to firms including Sotheby’s and Brink.
  • Security and credibility signals promoted in the articles include an Assure DeFi audit, a fully doxxed team led by Werner Van Staden, Maksim Petukhov, and Matej Petrik, KYC checks, mentions of ongoing audits by other firms, and claims of a live dApp v1.0.
  • Writers frame investor interest in PDP within recent crypto flow narratives that feature strong Ethereum ETF inflows, Ripple’s August SEC settlement and a new XRPR ETF, and commentary about shifting attention from XRP and DOGE; many assertions are promotional and have not been independently verified.