Parrot has launched a new kind of vault: USDC + earn, which will allow you to mint PAI and earn earnings on the USDC collateral you have deposited. Aside from the revenue-making abilities of this new vault, USDC + earn functions just like in advance of. No liquidation and 101% ensure necessity.
To use it, pick USDC + earn when minting PAI:
USDC and USDC + earning end users will share 15 million PRT incentive applications PAI minted from the two vaults will be counted in direction of the complete. If you previously earned 10k PAI in the USDC vault and now transfer your 10k PAI to USDC + earn, you will earn the identical rewards as in advance of.
In brief, you can mint PAI to earn PRT, increasing MER and SBR by depositing PAI in the pool and Parrot will earn additional revenue on your deposited USDC!
To convert USDC to USDC + earn:
- Payback PAI and USDC vault withdrawal
- Deposit and mint PAI with USDC + earn vault
Before applying the USDC + earn deposit, it need to be mentioned that this is a starter item. Profit tactics are not decentralized, but managed by various teams. This is a shortcut that will allow Parrot to boot speedily. In the long term, Parrot is committed to setting up completely decentralized tactics for earning and distributing rewards.
USDC + Earnings Specifications:
- Guarantee kind: USDC
- Guarantee necessity: 101%
- Debt ceiling: USD three million
- No liquidation
USDC + earn is the very first vault to make a revenue. There will be additional worthwhile tactics that help other asset courses!
Update additional information and facts from Party Parrot right here: Announcement channel | Discussion channel
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