0720 [sol] Three rewards of parrot (stable currency pledge) (sol high-quality project)

blockfish

3 min readJul 20, 2021

Hello everyone, I am Mr. Mer from the blockfish community, and today I am bringing you the parrot project

There is no need to recommend reasons for good projects, we directly charge

The first is the official link:

https://gopartyparrot.medium.com/parrot-protocol-50-000-000-prt-initial-incentive-drop-wagmi-404886881534

The first step: mint token pai

The relevant rewards are as follows

There are 3 reward pools, namely SOL pledged PAI, USDC pledged PAI and USDC pledged PBTC. We choose the least risky among them (at your own risk)

To start, we go to the official website

https://parrot.fi/mint/

Connect to the wallet in the upper right corner. In the mint option, we pledge USDC for PAI for 1:1 exchange (because PAI is also a stable currency, theoretically there is no risk of liquidation)

Click on VAULTS, you can see that the minting is successful, and we have met the reward conditions of the second pool

Step 2: LP pool rewards

Let’s look at the requirements first

1. LP hourly snapshot

2.50% reward locked for 3 months

Regardless, rush first

Step 3: Mercurial pool rewards

First look at the reward content

Mercurial’s pool is characterized by the three stable currency LP of USDC-USDT-PAI, and gratuitous losses are basically not considered

Let’s go to the official website first

https://mercurial.finance/

According to the picture, LP does not need to be grouped separately, only a single token can be pledged to get 3LP tokens, and there will be 15% APY rewards. By doing this, we have met the first 2 of the 3 tasks.