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Parrot USD is a stablecoin backed by LP tokens as collaterals. This creates a common unit of account to make it easy for holders of different types of LP tokens to transact with each other.
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 USD's current price is $ 0.993, it has dropped -3.36% over the past 24 hours.
Parrot USD's All Time High (ATH) of $ 1.06 was reached on 24 Sep 2022, and is currently -6.31% down.