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Parrot Protocol PRTPrice $ 0.000145
PRT Price
General Info
Contracts/Explorers:
Solana
Funds and Backers
Parrot Protocol (PRT) Chart
PRT to USD Converter
PRTIDO
16 Oct 2021 — 18 Oct 2021
Raised
$ 15.54M
Price:
$ 0.0370
ROI:
0x -99.6%
Platform:
N/A
ATH ROI:
0.74x -25.9%
What is Parrot Protocol (PRT)?
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.
Parrot protocol will collect fees from the services it provides, use the fees to buy back PRT on the open market, and cycle back the PRT as protocol incentives. The three main sources of protocol fees are:
- Stability fees are collected on the stablecoin PAI
- Borrow interests on the PAI supply
- Liquidation penalties
- Borrow fees are collected on the lending market
- Trading fees for the vAMM. Note that the vAMM does not require LPs, so it’s possible for the protocol to capture the entire trading fees.
Parrot Protocol Price Today
Parrot Protocol's current price is $ 0.000145, it has increased +22.1% over the past 24 hours.
Parrot Protocol's All Time High (ATH) of $ 0.0274 was reached on 23 Sep 2021, and is currently -99.5% down.
The current circulating supply of Parrot Protocol is 3.15 Billions tokens, and the maximum supply of Parrot Protocol is 21.00 Billion.
Parrot Protocol’s 24 hour trading volume is $ 19.27 Thousands.
Parrot Protocol's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 455.48 Thousands.
You can find more details about Parrot Protocol on its official website and on the block explorer.
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