Bounty
Here is an outline of the steps for carrying out the Paribus bounty on the Immunefi platform:
Step 1: Join the Immunefi community
To participate in the reward, you must first join the Immunefi community. This may be done by creating an account on the Immunefi website and joining the appropriate community (Discord server). Joining the Discord server is actually optional.
Step 2: Review the bounty details and requirements
Before starting the bounty, thoroughly examine the details and conditions mentioned on the bounty page. This will assist you to understand the bounty’s scope, expected deliverables, and any special criteria that must be followed.
Step 3: Choose a task to work on
The Paribus bounty is divided into several tasks, each with its own set of criteria and prizes. You must decide on whatever task to work on and ensure you have the required abilities and resources to finish it.
Step 4: Complete the task and submit your work
You can begin working on a task after you’ve decided on one. Keep track of your work and any applicable documentation, and follow the instructions and standards provided. When you have finished the assignment, submit it to the Immunefi platform for review.
Step 5: Wait for review and receive feedback
The Immunefi team and, if required, the Paribus team will review your proposal. You may get comments or revision requests, which you must resolve in order for your work to be approved.
Step 6: Receive payment and recognition
If your work is selected, you will be rewarded and recognized for your efforts. The payment will be made in cryptocurrency. Payouts are handled directly by the Paribus team and are denominated in USD. Payouts, on the other hand, are done in PBX.
In general, it is important to keep an open line of communication with the Immunefi team and to be responsive to any feedback or requests for revisions. Following these steps will help ensure a smooth and successful bounty experience.
Staking
Staking is a mechanism for users to receive incentives for their cryptocurrency holdings on cryptocurrency platforms. Staking on the Paribus platform, according to the information on the Paribus website paribus.io, entails depositing PBX into a smart contract, earning PBX as a reward, and also being able to participate in the governance of the Paribus protocol.
Staking on Paribus has several advantages, including the chance to earn rewards on your holdings and the option to participate in the Paribus platform’s decision-making process. The particular rewards and returns for staking will vary depending on the pool you join and the quantity of PBX you stake.
To stake on Paribus, users will need a compatible wallet (MetaMask is suggested) as well as some PBX tokens. The process for staking typically involves connecting your wallet to the Paribus staking platform, selecting the amount of PBX you want to stake, and confirming the transaction. Once you’ve staked your coin, you’ll start receiving benefits based on the conditions of the staking agreement.
Here is an outline of the steps for carrying out the Paribus staking :
Step 1: Visit https://stake.paribus.io
Step 2: Choose the pool you want to stake in
At the moment only Aurum Pool is open.
Step 3: Click on “Deposit” and input the amount of PBX you want to stake
Note: Some pools have min and max limit of PBX to be deposited.
Step 4: Confirm the Transaction.
About Paribus
Paribus is a platform that allows for the borrowing and lending of non-fungible tokens (NFTs), liquidity positions, and synthetic assets on the Cardano blockchain. Its goal is to make these assets interoperable financial instruments in decentralized finance (DeFi) protocols running across several blockchain networks.
Keep in touch with Paribus by following:
