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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.
The live Parrot USD price today is $1.01 USD with a 24-hour trading volume of $20,264.03 USD. We update our PAI to USD price in real-time. Parrot USD is down 0.05% in the last 24 hours. The current CoinMarketCap ranking is #4710, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
If you would like to know where to buy Parrot USD at the current rate, the top cryptocurrency exchanges for trading in Parrot USD stock are currently Jupiter, Meteora VP, and Saber DEX. You can find others listed on our crypto exchanges page.