Exchange Parrot USD

pai Price Live Data

The live Parrot USD price today is $ 1.02 usd with a 24-hour trading volume of $16 820 usd. We update our PAI to usd price in real-time. Parrot USD is up 0.68% in the last 24 hours. The current coinmarketcap ranking is #1902, with a live market cap of $4 267 558 usd. It has a circulating supply of 4 201 010 PAI coins and the max. Supply of 17 173 775 PAI coins.

What Is Parrot USD (pai)?

The Parrot Protocol is a DeFi network based on Solana that will incorporate the stablecoin PAI, a non-custodial loaning market, and an edge exchanging vAMM. These are all utilization cases intended to tackle one single issue: making esteem secured in DeFi frameworks accessible.

Today billions of dollars of significant worth are secured in many DeFi frameworks, and changed over into various yield producing tokens, like the Uniswap LP tokens, or the AAVE premium bearing tokens. There aren’t many use cases accessible for these LP tokens. The worth secured in DeFi as LP tokens are unavailable, on the grounds that their dangers are misty, and their units of record unsatisfactory for human consumption.

The Parrot Protocol is embarking to make esteem secured in LP tokens open, by making a liquidity and loaning network collateralized by these LP tokens. The Secret Parrot Master Plan (just among you and me):

Create the PAI stablecoin, supported by LP tokens as insurances. This makes a typical unit of record to make it simple for holders of various sorts of LP tokens to execute with each other.
Create the Parrot Lending market, accepting LP tokens as insurances. This permits LP holders to get to their locked esteem by getting against loan specialist liquidity.
Create an edge exchanging item (virtual AMM) involving PAI as the normal unit of record. This permits the Parrot people group to gather charges, and feed the family.