Parrot is a lending and stablecoin protocol that aims to make value locked in DeFi more accessible and liquid. The project was launched in September 2021.
On Parrot, users can borrow PAI stablecoins against their liquidity pool tokens from other DeFi projects. Additionally, users can also stake SOL tokens on Parrot.
The governance token of Parrot is PRT, with a total supply of 21B. Parrot's investors include Alameda Research, Coin98, Sino Global Capital, SkyVision Capital, Solar Eco Fund, and ROK Capital, among others.