Parrot USDPAI Rank #2365 |
ATH 90.9% 23 Nov 2023 0.0%
- 24hr 0.0%
- 7d 0.0%
- 14d 0.3%
- 30d 0.6%
- 60d 1.0%
- 200d 3.0%
- 1y 2.7%
- Circulating Supply4.18M
- Total Supply17.17M
- Max Supply--
- Fully Diluted Valuation$16.87M
- Market Cap$4.11M
- Rank#2365
- Price $0.98
- Trading Volume $14.00
- 24Hr Low/High$0.98 / $0.98
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Parrot USD is currently trading at a price of USD $0.98 with a 24-hour trading volume of $14.00. In the past 24 hours the price of Parrot USD is $0.00007903. With a circulating supply of 4.18M from a total supply of 17.17M.
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.
- Country of Originn/a
- Genesis Date n/a
- Platform Solana
- Hashing Algorithm n/a
- Block Timen/a
TradingView chart unavailable for Parrot USD
Fair Liquidity
Unknown Liquidity (not enough data available)
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours
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