Parrot USDPAI
Convert PAI to your currency
Last Updated on Oct 03, 2025 03:34 PM
What is Parrot USD?
About the coin
The Parrot Protocol is a decentralized finance (DeFi) network built on the Solana blockchain. It introduces the stablecoin PAI, a non-custodial lending market, and a margin trading virtual automated market maker (vAMM). The primary goal of the Parrot Protocol is to unlock the value that is currently locked in various DeFi systems, making it accessible and usable.
Main features
The protocol addresses the issue of billions of dollars being locked in DeFi systems, often converted into yield-generating tokens like Uniswap LP tokens or AAVE interest-bearing tokens. These tokens have limited use cases, and their value remains inaccessible due to opaque risks and unsuitable units of account. Parrot Protocol aims to make this locked value accessible by creating a liquidity and lending network collateralized by these LP tokens.
How it works
The Parrot Protocol's strategy involves several key components:
- PAI Stablecoin: The creation of the PAI stablecoin, which is backed by LP tokens as collateral. This stablecoin provides a common unit of account, facilitating transactions between holders of different LP tokens.
- Parrot Lending Market: A lending market that accepts LP tokens as collateral, allowing LP holders to borrow against their locked value, thus accessing liquidity.
- Margin Trading Product: A virtual AMM using PAI as the common unit of account, enabling the Parrot community to engage in margin trading, collect fees, and support the ecosystem.
Wallet for Parrot USD
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Tangem supports networks for Parrot USD
- Solana
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Parrot USD FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
How to secure Parrot USD with Tangem Wallet?
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Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
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Why choose Parrot USD wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
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