Parabol Labs is on the cusp of revolutionizing the DeFi landscape with its newest offering, the Parabol Protocol – a game-changing fiat-backed stablecoin protocol. Their mission? To redefine the way stablecoins are utilized within the dynamic world of decentralized finance.
In an exciting turn of events, Parabol Labs has announced the airdrop of million paraSBT, the Parabol soulbound ERC-20 tokens, which give holders access to vast returns!
How to claim paraSBT
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Visit: claim.parabol.fi
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Click proceed and wait
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If you're eligible, connect your Twitter
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Follow Parabol, Post a tweet
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Claim your paraSBT
What is paraSBT?
What sets paraSBT apart is its soulbound nature. This means that once you claim your paraSBT, it's yours and only yours, permanently attached to your wallet. It serves as a golden ticket, unlocking the door to Parabol's native stablecoin, paraUSDs, and conferring the right to a private, permissioned liquidity pool.
With paraSBT, you're not just holding a token; you're holding the potential for elevated returns. Being an early liquidity provider in this exclusive pool means getting a head start on rewards that could surpass what's available in the open market.
The Genesis release of paraSBT tokens is set at a significant 10 million, paired with a 1:1 swap rate with USDC for paraUSDs. But what's truly exciting is the core of Parabol's offerings: the paraUSD itself.
paraUSD Token
Parabol’s flagship stablecoin, paraUSD, emerges from the European Union as an asset-reference token. It's an ERC-20 token, pegged firmly to the US Dollar, ensuring stability and trust.
Holding paraUSD is more than just owning a digital currency. It's a right to perpetual redemption. That means you can request the issuer to redeem your tokens at any moment, granting unparalleled security and peace of mind.
Moreover, paraUSDs boast a 100% backing by the most secure assets - T-Bills or overnight repo markets, all stored safely in segregated accounts, far from the company coffers.
And let's not forget accessibility. Any wallet outside restricted territories and clear of OFAC sanctions can get their digital hands on paraUSDs, whether through DEXes or CEXes.
Every paraUSD holder has the freedom to either use their tokens in various DeFi transactions or opt to lend them back to the Protocol’s Reserve Stability Pool (RSP) for a selected term.
By lending their paraUSD back to the pool, holders contribute to the token's stability since these lent tokens can't be redeemed during the loan period. This allows for more effective management of the Reserve Assets with matching maturities. Parabol can thus provide a risk-free interest rate on these loans, often surpassing the yield on Treasury Bills, leading to savers enjoying returns above the risk-free benchmark. After the loan term, users can reclaim their tokens along with their accrued returns.
Parabol’s Reward program offers extra incentives to foster a liquid market for its tokens. Rewards are distributed every epoch to active wallets based on their volume, decreasing with each decile using a half-life method.
Top participants can earn a base 25% APY, potentially reaching 137.5% with increased activity, while average participants could earn around 9.69% APY!
Your Launchpad to Liquidity
Ready to dive into the liquidity pool? If you're a paraSBT holder, you'll need to bring USDC to the table. This is your gateway to swap for paraUSDs, positioning you at the forefront of the pool's contributors.
ParaSBT doesn't play favorites. Its distribution is both first-come, first-served and smartly calculated based on your wallet's value — past or present — and your transactional footprint. This ensures that early birds and engaged participants are recognized and rewarded. And with a cap of 100,000 paraSBTs per wallet, the playing field is as level as it gets.
Don’t pass over your chance to get huge return, claim your ParaSBT today: claim.parabol.fi/
Conclusion
The Parabol Protocol isn't just a stablecoin platform; it's a beacon for secure, equitable, and profitable crypto finance. With paraSBT serving as your key to higher yields and paraUSD offering a stable, redeemable, and regulatory-compliant currency, the power of DeFi is right at your fingertips. Welcome to the future of stablecoins, your fortune awaits!
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