Learn how to contribute to the Parrot Protocol Incentive Program and earn rewards in $PRT Token.
Minting $PAI using the Party Parrot Vault
Party parrot protocol allows contributors to deposit digital assets like $SOL, $USDT, $USDC, $SRM to mint and borrow $PAI stable coin. To deposit collateral and mint $PAI, follow these steps:
- Visit the Party Parrot website.
- On the Home page, click vaults.
3. Click “Connect wallet” and select your desired wallet.
4. Select your desired pair to deposit as collateral and click mint.
5. Input your desired amount to deposit as collateral and click mint. If using non-stable coins like $SOL and $SRM, ensure you confirm your liquidation price.
6. To pay your loan, input your desired amount and click repay.
7. After completing your transaction, ensure your click “Disconnect” to secure your assets in your wallet.
Providing Liquidity on Mercurial 3Pool
To increase the volume of $PAI traded against other stable coins and strengthen the $PAI value itself, contributors would deposit their minted $PAI to Mercurial 3Pool Liquidity Pool. Follow these steps:
- Visit the mercurial finance website.
2. Click Connect wallet.
3. Click Your deposits.
4. Choose $PAI to deposit as collateral and click deposit.
5. To withdraw your assets, select the share of your Liquidity pool token and withdraw as either ‘balanced’ or ‘single’ tokens.
6. After completing your transactions, click disconnect wallet.
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