Parrot USD PAI
1. Summary
- Description
-
The Parrot Protocol is a decentralized finance (DeFi) network built on the Solana blockchain. It includes three key use cases designed to make value locked in DeFi systems accessible:
The Parrot Protocol is a decentralized finance (DeFi) network built on the Solana blockchain. It includes three key use cases designed to make value locked in DeFi systems accessible:
Stablecoin (PAI)
The PAI stablecoin is backed by LP tokens as collateral, providing a common unit of account for holders of different LP tokens to transact with each other. This stablecoin aims to maintain a value pegged to 1 USD, serving as a reliable medium of exchange and store of value within the Parrot ecosystem.
Non-Custodial Lending Market
The Parrot Lending market allows LP holders to access their locked value by borrowing against lender liquidity. This market uses LP tokens as collateral, providing a liquidity network that enables users to unlock the value in their LP tokens.
Margin Trading (vAMM)
The protocol includes a margin trading product using a virtual AMM (Automated Market Maker) that leverages PAI as the common unit of account. This allows the Parrot community to collect fees from trading activities.
The Parrot Protocol is designed to solve the issue of inaccessible value locked in LP tokens across various DeFi systems. By creating a comprehensive network that integrates these three key components, it enables users to unlock and utilize the value stored in their LP tokens effectively.
| Price | |
| 52W High price | $1.04 |
| 52W High date | 15th Mar 2024 (10 months ago) |
| All Time High (ATH) Date | 23rd Nov 2023 (1 year ago) |
| ATH Price | $10.76 |
| % From ATH | -90.58% |
| All Time Low (ATL) Date | 15th Sep 2022 (2 years ago) |
| ATL Price | $0.000005610000 |
| % From ATL | 18062804.77% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $5.00 |
| Total Supply | 17.17M |
| Circulating Supply | 4.19M |
PAI
How does Parrot USD's (PAI) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
0.4%
PAI
-7.5%
Similar Market Cap
60 Day Return
0.5%
PAI
-8.6%
Similar Market Cap
1 Year Return
1.3%
PAI
2.4%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | 1,095 |
| Active Discord Users | 33 |
| Telegram Users | 325 |
| Twitter followers | 32,635 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://parrot.fi |
|---|---|
| Explorer | https://solscan.io/token/Ea5SjE2Y6yvCeW5dYTn7PYMuW... |
| @gopartyparrot |
What is the correct contract address for Parrot USD?
| Solana | Ea5SjE2Y6yvCeW5dYTn7PYMuW5ikXkvbGdcmSnXeaLjS |
|---|
Has Parrot USD been audited for security?
No security audits found for this project.
Are you the owner of Parrot USD? Edit it here
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