PAI

Parrot USD price 
PAI

$1.01  

0.19% (1d)

Parrot USD to USD Chart

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Parrot USD statistics
Market cap
 

0.00%

$0
#3961
Volume (24h)
 

242.80%

$91,285
#2886
Volume/Market cap (24h)
 
--
Self-reported circulating supply
 
0 PAI
Total supply
 
17,173,774 PAI
Max. supply
 
--
Fully diluted market cap
 
$17,424,821
PAI to USD Converter
PAI
USD
Price performance
24h 
Low
$1.01
High
$1.02
All-time high
Oct 12, 2022 (2 years ago)
$2.19
-53.77%
All-time low
Oct 01, 2022 (2 years ago)
$0.06141
+1552.13%
See historical data
Popularity
In watchlists149x
9288th / 10.0K
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Parrot USD community

 
 
 
 
 
 
 
 
 
 
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Parrot USD news

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

About Parrot USD

The Parrot Protocol is a DeFi network built on Solana that will include the stablecoin PAI, a non-custodial lending market, and a margin trading vAMM. These are all use cases designed to solve one single problem: making value locked in DeFi systems accessible.

Today billions of dollars of value are locked in hundreds of DeFi systems, and converted into different yield generating tokens, such as the Uniswap LP tokens, or the AAVE interest bearing tokens. There aren’t many use cases available for these LP tokens. The value locked in DeFi as LP tokens are inaccessible, because their risks are opaque, and their units of account unsuitable for human consumption.

The Parrot Protocol is setting out to make value locked in LP tokens accessible, by creating a liquidity & lending network collateralized by these LP tokens. The Secret Parrot Master Plan (just between you and me):

Create the PAI stablecoin, backed by LP tokens as collaterals. This creates a common unit of account to make it easy for holders of different types of LP tokens to transact with each other. Create the Parrot Lending market, taking LP tokens as collaterals. This allows LP holders to access their locked value by borrowing against lender liquidity. Create a margin trading product (virtual AMM) using PAI as the common unit of account. This allows the Parrot community to collect fees, and feed the family.

What is Parrot USD?

How is Parrot USD secured?

How will Parrot USD be used?

What key events have there been for Parrot USD?