Parrot USD

Price

(pai)
Note: This platform does not support trading services in this currency
$0.972544 -0.0%

      Overview

      pai Price Live Data

      pai Price Information

      24h Low/High

      24h Low $0.971235
      24h High $0.977207

      All Time High

      US$10.76

      All Time Low

      US$0.00000561

      High Price 7D

      US$0.988582

      Low Price 7D

      US$0.96177

      pai Market Information

      Market Cap Ranking

      2547

      Fully Diluted Valuation

      US$16719040

      Total Supply

      17,173,774.39

      Maximum Supply

      Market Cap Advantages

      0%

      Circulation Supply/Total Market Cap

      0.000

      About pai

      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.

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