How to Earn with Parity
Quick start guide on how to start earning with Parity
This section provides a quick overview of how to get started with Parity. More detailed instructions are provided in the following sections.
Steps to earn:
Getting started with Parity is simple. Follow these steps to begin earning rewards:
Mint Parity Dollars (PUSD) Visit app.parityusd.fi and connect your wallet. You can mint Parity Dollars (PUSD) at a 1:1 ratio with USDC—there are no fees involved. Simply enter the amount of USDC you wish to swap into PUSD and click "Mint."
Stake Your PUSD Once you've minted PUSD, head over to the "Stake" tab. Here, you can choose between two staking options:
USD Yield: Earn 20% APY in USDC.
Parity Token: Earn 20% yield in free Parity Tokens.
No Lock-Ups, No Fees Parity Protocol offers full flexibility. You can unstake your PUSD at any time, with no lock-ups, cooldown periods, or fees. You keep all rewards earned, and your funds are available immediately. Additionally, you can redeem your PUSD for USDC at any time at a 1:1 ratio with no fees.
The protocol has three key modules:
Mint-Redeem Module: Mint and redeem PUSD with USDC.
PT-Staking: Stake PUSD to earn free Parity Tokens.
USD Staking: Stake PUSD to earn rewards in USDC.
Further details on each of these modules can be found in the sections that follow.
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