Parrot is a liquidity network for borrowing and lending.
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What is Parrot
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.
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.
DetailsPublic sales: Sep 14, 2021 - Sep 18, 2021
Token supply: 21,000,000,000 PRT
Total tokens for sale: 2,100,000,000 PRT
Raised: 5,000,000 USD
LegalBlockchain Platform: Solana
Registration year: 2021
Token infoTicker: PRT
Accepted currencies: USDC
Protocol incentives: 35%
Team & Angels: 20% (1–3 year lockup)
IDO: 10% Ecosystem & Partnerships: 10%
Seed: 20% (1–3 year lockup)
Protocol Controlled Reserve: 5%