Introduction to Parrot

The Parrot Protocol is a DeFi network, built on Solana that will include the stablecoin PAI, a non-custodial lending market, and a margin trading vAMM. These are all use cases designed to solve one single problem: making value locked in DeFi systems accessible.

Today billions of dollars of value are lock in hundreds of DeFi systems and converted into different yield-generating tokens, such as the Uniswap LP tokens, or the AAVE interest-bearing tokens. There aren’t many use cases available for these LP tokens. The value is locked in DeFi as LP tokens are inaccessible. Because their risks are opaque, and their units of account are unsuitable for human consumption.

The Parrot Protocol is setting out to make value locked in LP tokens accessible, by creating a liquidity & lending network collateralized by these LP tokens. The Secret Parrot Master Plan (just between you and me):

• Create the PAI stablecoin, backed by LP tokens as collaterals. This creates a common unit of account to make it easy for holders of different types of LP tokens to transact with each other.
• Create the Parrot Lending market, taking LP tokens as collaterals. This allows LP holders to access their locked value by borrowing against lender liquidity.
• Create a margin trading product (virtual AMM) using PAI as the common unit of account. This allows the Parrot community to collect fees, and feed the family.

Brief Introduction to Solaunch

Solaunch is a decentralized crowdfunding platform for fundraising across all major crypto networks. With Solaunch’s contagious marketing strategies, they help NFT, DeFi and GameFi projects at their early stage quickly build communities.

Solaunch aims to provide fair and safe investment opportunities for the blockchain industry.

About Parrot

The Parrot Protocol is a DeFi network built on Solana that includes the stablecoin PAI, a non-custodial lending market, and a margin trading vAMM. Parrot is a liquidity network for borrowing and lending.

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About Solaunch

Solaunch is a decentralized crowdfunding platform for fundraising across all major crypto networks. Solaunch aims to provide fair and safe investment opportunities for the blockchain industry.

Website | Twitter 

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Penguin, A Liquidity-as-a-Service Platform, built on Solana, announced its partnership with Seeded Network, a favorite Solana incubator with unique borrowing, lending, and staking solutions.

Seeded Network has joined the Penguin bonding family! It is their privilege to seed with Seeded on the land of DeFi and gather vital POL for the sustainable development of the protocol.

$SEEDED / $PAI bonding will launch on May 13th, 9 am UTC

Introduction to Seeded Network

To begin with, Seeded Network is a project incubator featuring outstanding borrowing, lending, and staking solutions that integrate with the fast-growing DeFi world. Seeded aims to provide quality projects with their expertise and network connections to projects wishing to use the Seeded Project Incubator.

However, with Seeded’s provision, projects can enjoy a community brimming with investors and enhanced token utility brought by lending and borrowing products.

Its lending and borrowing empower SEEDED without exception, and it is now embarking on a new journey of bonding!

Moreover, the Penguin’s bonding/staking allows Seeded to have a healthy token emission, which helps control the inflation rate by posing less selling pressure on the market. Better still, Seeded can collect revenue-generating POL for its long-term success, benefiting its stakeholders with sustained rewards.

At the launch of SEEDED/PAI bonding, users can add liquidity in the SEEDED/PAI pool to acquire SEEDED/PAI LP tokens, which can bond for discounted SEEDED on the market price. SEEDED purchased through bonding will be then auto-staked. Users can unstake their SEEDED in the Staking section and collect the total amount of SEEDED after a 7-day vesting period. On the other hand, keeping SEEDED staked would allow users to receive an optimal reward and achieve 3,3 together.

The collaboration of Seeded and Penguin can extend from liquidity management to co-marketing and partnership networking, which in turn gives rise to a healthier ecosystem.

About Penguin Finance
Penguin is a Liquidity-as-a-Service Platform that offers a one-stop solution for treasury management such as swap, bonding, and staking.

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About Seeded Network
Seeded Network is an upcoming incubator on Solana offering unique borrowing, lending, and staking solutions to users allowing them to participate in the seeded incubation projects safely.

Website | Twitter 

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