Parrot Protocol on Solana offers stablecoins, lending, and margin trading, collecting fees to buy back PRT tokens and support the ecosystem without needing liquidity providers.
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Parrot Protocol is a decentralized finance (DeFi) platform built on Solana that features the stablecoin PAI, a non-custodial lending market, and a margin trading vAMM. Its core goal is to unlock the value stored within DeFi systems. The protocol earns revenue through multiple fee streams: stability fees on PAI, interest from loans made with PAI, penalties from liquidations, trading fees from the vAMM—which does not rely on liquidity providers—and borrowing fees. These fee revenues are used to buy back PRT tokens on the open market and redistribute them as incentives to participants.
As of now, Parrot Protocol is trading at 0.000097 USD, with a 24-hour trading volume of approximately 17.84K USD. The PRT to USD price is updated in real time. Over the past 24 hours, Parrot Protocol has increased by 3.99%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 306.46K USD. Currently, there are 3 150 000 000 PRT in circulation out of a maximum supply of 3 150 000 000 PRT.
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