Incubator Arbitrum ☑️
Burn $PPEGG to get $BPEGG. Stake $BPEGG to earn $PPEGG
Last updated
Burn $PPEGG to get $BPEGG. Stake $BPEGG to earn $PPEGG
Last updated
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.
Incubator is live and more than 50% of PPEGG total supply has been burned
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%.
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.
$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.
