Parrot DEFI

Parrot DEFI

Introduction

Parrot DeFi is a decentralized yield farming multi-chain platform based on IoTeX and Arbitrum.

Our goal is to be the users preferred choice for yield farming and staking. A safe, stable, and long-term ecosystem for farmers to enjoy high APRs and APYs, and we'll do it so through a long road map.

We aim to create a multichain yield farming platform based on a layered architecture that extends the regular farm's life cycle, plus unique features that add value and use case to the token.

We're aware of the biggest challenges for most farms on DeFi, time and inflation. However, we've ended up with a simple solution to this, continuous development. We are committed to facing these challenges by dividing the farm's cycle into 2 phases; the first one being initial farming and minting, and the second, the establishment phase.

We have thought that a path of 2 weeks is ideal for the initial farming phase, followed by a second establishment phase where unique features and products are deployed progressively, adding value to the token.

Farming tokens do not have to be intended for a certain price drop. That is why we have designed features to balance PPEGG inflation, having a low circulation supply and a medium emission rate.

We also want to allow small investors to maximize their profits through layered farming, allowing investors with smaller capital to grow their wealth during an extended period and incentivizing them to hold rewards instead of selling them.

We think that hold a token and accumulating rewards is the nature of farming, so we try to encourage and give different reasons to our investors to keep PPEGG in their portfolio either for future layered farming, for the payment of other currencies (Earn USDC), or as an exit currency for other projects (IFO) for example.

The market is large enough and with enough growth potential to support different network operation in multiple farming layers in the same project, as we are confident in growing our community as time goes on.

Our team is composed of experienced entrepreneurs, smart contract developers, project managers and crypto enthusiasts. And we are here to bring all our experience into DeFi.

We plan to grow by constantly adding features to our platform. To find out more check out the development phases on the road map.

Incubator Arbitrum

Burn $PPEGG to get $BPEGG. Stake $BPEGG to earn $PPEGG

Parrot Incubator

Where others failed we aim to succeed.

Burn $PPEGG to get $BPEGG and Stake $BPEGG to earn $PPEGG. Confused? We'll explain it all, keep reading.

Parrot Incubator is similar but not the same as Goose Finance Incubator.

Goose Finance Incubator

The guys from Goose, to combat inflation, decided to start layered farming with a feature called Incubator, which consisted of users staking their $EGG and getting a new token (GG1, GG2, GG3, etc). These layers were generated automatically every 7-10 days.

The Incubator was an $EGG pool generator with a burning fee. It had a very high multiplier, around 60x (The total multiplier of all pools was 150), and the most prominent point was a burning fee applied to their genesis layer tokens, $EGG. This fee was from 2% to 20%.

What's the difference?

Parrot Defi will apply a 100% burning fee to $PPEGG, and rewards will also be $PPEGG, but the token staked is a different one.

This is huge, and it will fight inflation at epic dimensions.

At Parrot Defi Incubator, users will be able to swap 2 $PPEGG for 1 $BPEGG.

These $PPEGG will be burned, and the $BPEGG can be deposited at Incubator's pools, where multipliers will be DOUBLE than $PPEGG pools. Users can withdraw at any time, and these new tokens are tradable as well.

What's the point?

$PPEGG will burn, which means the token becomes more valuable. Token burning can help to stabilize the value of the token and prevent potential price inflation. Making the token price more stable gives its holders an incentive to hold these tokens and, consequently, to keep token prices even more favorable.

Dividends Vaults

Dividend pools have recently become a very popular feature in yield farming as community members can stake their native tokens rewards, in our case PPEGG, to earn their favourite non-natives tokens, cryptocurrencies and stable coins. Dividend pools are very convenient for our community members as there will no longer be a need to utilize decentralized exchanges – where fees are paid to liquidity providers – to swap their tokens for their favourite alternatives.

Furthermore, dividend pools will further assist in relative price stability for PPEGG and help maintain high-APR rigidity as it will play a key role in mitigating many elements that consistently contribute to selling pressures.

Simplifying, with Dividend Vaults you'll be able to stake your PEGG and earn other tokens.

We will initially deploy 4 Dividend Pools including: AETH, WBTC, USDC and USDT.

We will be adding more Dividend pool & other partner Farm Pools soon.