Parrot Protocol is a DeFi network developed on Solana, including the stablecoin PAI, a non-custodial lending market, and a margin trading vAMM (Virtual Automated Market Makers). Virtual Automated market makers (vAMM) solve the limitations of AMM by radically expanding the application space of AMMs and enabling perpetual contracts.

The Parrot protocol aims to make value locked in DeFi systems accessible. As per its research, billions of dollars of value are currently locked in hundreds of DeFi systems, which are converted into yield generating tokens, like Uniswap LP tokens or the AAVE yield-bearing tokens. As LP tokens, their value is locked in DeFi, which is inaccessible because their unit of account is unsuitable for human consumption.

As a solution to this problem, Parrot Protocol was created to make value locked in LP tokens accessible by creating a liquidity and lending network collateralized by these LP tokens. The planning for the solution includes:

Parrot claims to support USDC and USDT deposits, and users can generate 100 PAI for every 105 USDC (or USDT) collateral. The Parrot protocol collects fees from the services and uses them to buy PRT on the open market and cycle back them as protocol incentives. PRT is the governance token of Party Parrot, which is majorly used to incentivize the users and attract them to the platform. PRT token is also used to incentivize an insurance pool, which may backstop any shortfall in the lending market. The fees are received through three main sources:

The total supply of PRT tokens is 1,000,000,000.

We update our Parrot Protocol to USD currency in real-time. Get the live price of Parrot Protocol on Coinbase.

The current market cap of Parrot Protocol is $0.00. A high market cap implies that the asset is highly valued by the market.

The all-time high of Parrot Protocol is $0.0148. This all-time high is highest price paid for Parrot Protocol since it was launched.

Over the last 24 hours, the trading volume of Parrot Protocol is $3.293.

Assets that have a similar market cap to Parrot Protocol include Rivetz, HYTOPIA, PUMP, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Parrot Protocol is 0.