Parrot Protocol
About Parrot Protocol
The Parrot Protocol is setting out to make value locked in LP tokens accessible, by creating a liquidity & lending network collateralized by these LP.
Socials
  • Total Supply
    3,150,000,000

  • FDV
    129,805,200 USDT

Status
IDO
Past
Ended 2021-10-18
Tokenomics
Created with Highcharts 11.4.1
  • Protocol Incentives: 35%
  • Ecosystem & Partnerships: 10%
  • Public sale: 10%
  • Team & Angels: 20%
  • Seed: 20%
  • Protocol Controlled Reserve: 5%
About Parrot Protocol

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 PAIBorrow interests on the PAI supplyLiquidation penaltiesBorrow fees are collected on the lending marketTrading 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.
Funding rounds and IDO
IDO
Past
16.10.2021 - 18.10.2021
Raised
$15.5M
Price:
$0.03701
Tokens For Sale:
420,000,000
Platform:
N/A
Lock-up:
IDO
Past
14.09.2021 - 16.09.2021
Raised
$69.2M
Price:
$0.041208
Tokens For Sale:
1,680,000,000
Platform:
N/A
Lock-up:
IEO
Past
16.09.2021 - 17.09.2021
Raised
$20K
Price:
$0.04
Tokens For Sale:
500,000
Platform:
gateio-startup
Lock-up:

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