Coming soon

Be the other side of every squared trade.

Parabol Earn lets you put USDG into the Bull² and Bear² vaults. Traders pay fees and a daily carry to hold squared positions. That flows to the vaults. When traders win big, the vaults pay. You take the other side, with every number checkable onchain.

Get notifiedWhat has to happen first
Live from the vaults · Robinhood Chain
Bull² vault value
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USDG
Bear² vault cash
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USDG
Owed to Bull² traders now
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Bear² worst case reserved
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Reading the contracts…

01

Where the money comes from.

Traders

Buy Bull², Bear², VOL² or Protect. They pay a trading fee, a spread, and a daily carry for as long as they hold.

The vaults

Collect those payments and pay out winning trades. The Bull² vault hedges with the stock. The Bear² vault keeps cash for the worst case.

You

Own a share of a vault. Its value rises with fees and carry, and falls when traders win.

02

What you earn. What you risk.

You earn

  • Trading fees on every buy and sell.
  • Daily carry: every open Bull² and Bear² position pays it, every day.
  • The spread between buy and sell prices.

No promised yield. Earnings depend on how much people trade, and today that is still very little. We will show real, onchain vault returns before deposits open.

You risk

  • Traders winning. A big stock move can push vault value down.
  • Locked funds. Deposits are locked for a period, and exits wait while vault cash backs open positions.
  • Smart-contract risk. The contracts are not independently audited yet.

You can lose part or all of what you deposit. This is not a savings account, insurance or a guaranteed return.

03

Before we open it to everyone.

Today only Parabol's own funding wallet provides liquidity, with tiny caps. Earn opens for everyone when every item below is done. We update this list as it happens.

Internal security review publishedEvery finding and its status, in the open.
Done
Hedge-sale guard switched onTWAP floor on forced hedge sales, live for all 12 markets (PRB-M1).
Live
Fair entries and exits for liquidity providersDeposits and withdrawals only while markets trade live, so nobody enters or leaves on a stale price at the cost of the others (PRB-M7).
Live
Bear² reserve that can't slipThe worst-case reserve no longer moves when the market closes (PRB-M6).
Live
Weekend pricing, admin caps, guardian limitsPRB-M2, M4 and M5.
Live
Contract upgrade through the 2-of-3 SafeShips the fixes above.
Done
48-hour timelock on every admin changeYou get two days' notice of any change.
Next
Independent auditPublished in full.
Next
Legal reviewBefore we take anyone else's money.
Next

Then: deposits open with small caps, raised step by step. No dates promised.

04

Get first access.

Follow @ParabolNow and you'll hear the moment Earn opens. Nothing to sign, nothing to deposit, no wallet needed.

No one from Parabol will ever DM you asking for a deposit, seed phrase or "early access fee". Earn opens only at useparabol.com/earn.

We announce Earn on X first, the day it opens.

Follow @ParabolNow