About Parrot Protocol
Parrot Protocol (PRT) is a cryptocurrency and operates on the Solana platform. Parrot Protocol has a current supply of 0. The last known price of Parrot Protocol is 0.00002791 USD and is up 2.09 over the last 24 hours. It is currently trading on 16 active market(s) with $0.00 traded over the last 24 hours.
Market Stats
Market Cap
Not enough data
FDV
Not enough data
Circ. Supply
Not enough data
Max Supply
Not enough data
Total Supply
Not enough data
Total Value Locked
$5.32M
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
$0.26
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$0.0148
Price Change (1Y)
Not enough data
57.16%
Additional details
Market details
PRT vs markets
↘ 51.68%
PRT vs BTC
↘ 53.45%
PRT vs ETH
↘ 51.6%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Solana | PRT88RkA4Kg5z7pKnezeNH4mafTvtQdfFgpQTGRjz44 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.000026 | |
1 Day | $0.000026 | |
1 Week | $0.000028 | |
1 Month | $0.000029 | |
1 Year | $0.000062 |
FAQ
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.
Parrot Protocol calculator
Related assets
Cryptocurrencies with similar market cap
Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.