Parabola Fi runs as Form Ellipsis Finance in Cronos. The Parabola team will be committed to basic values: a reliable and decentralized architecture, a zero commission for the input and withdrawal of funds, the absence of liquidity blocking and the extremely effective exchange of stable coins. Initially, the protocol supports swaps between DAI, USDC and USDT. Other couples will be discussed soon.
About the Parabola project
Parabola was launched on the Cronos. Blockchain Cronos made it possible to achieve the fact that the team considers the true values of DEFI: democratization and access to finance without restrictions. Parabola can convert tokens and interact with others in various decentralized applications on Cronos to make joint efforts to create a value-added ecosystem. However, in contrast to many recent projects, aimed at optimizing in the short term, the developers created Parabola to make the long-term central element not only of the Cronos ecosystems, but also all DEFI.
Pаrabola Fi — an automated market-maker (AMM) or an exchange that allows users and other decentralized protocols to trade between various stelkins with very low slipping, compared to other AMM solutions.
Opportunities:
| Exchange | The protocol initially supports SVACs between DAI-USDC-USDT. |
| Farming | Provide liquidity to earn PRB. |
| Bid | PRB stakers receive a commission for trade, as well as income from PRB fines. |
Like Uniswap or PancakeSwap, Parabola uses liquidity poles for their markets and offers remuneration to those who provide liquidity, also known as liquidity providers. For each transaction on PABOLA, a small commission is charged, some of which is divided equally between all liquidity providers. Trading fees are distributed equally (50/50) between liquidity providers and PRB recipients, stakers and lockers. Parabola trading fees are 0.04%. 50% of trade fees are distributed between liquidity providers in pools, where transactions occur. The remaining 50% goes to the stakers.
PRB Token
Parabola (PRB) — its own token on the platform, which provides value for liquidity providers and tokens holders. Supported pools: 3pool (DAI-USDC-USDT), BUSD / 3PRB and PRB / USDC LP. Remuneration for the production of liquidity PRB has a period of entry by rights of 90 days, and early receipt will be subject to a fine of 50%. The fine is assigned to users who decided to block their PRB for 90 days. This will contribute to the long-term stable work of the Protocol, while this mechanism provides a stable reward stream for those who actively support the protocol, blocking their tokens.