Parrot USD Price
PAI
How Much is 1 Parrot USD (PAI)
Convert PAI to your currency
Last Updated on Dec 25, 2025 09:09 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
- Parrot USD is a cryptocurrency built on a decentralized network, enabling secure and transparent transactions. Its blockchain design supports various use cases depending on the project’s goals.
- Parrot USD offers efficient transactions, strong network security, and support for decentralized applications. Its design aims to provide a reliable user experience.
- PAI represents the same asset as Parrot USD. The ticker is simply a short label for trading and listing purposes.
- You can buy Parrot USD using on-ramp services available in Tangem Wallet or exchanges. After purchasing on an exchange, you can transfer it to your Tangem Wallet.
- Store Parrot USD in a non-custodial wallet where you control your keys. Tangem hardware wallets offer strong offline security.
How to secure Parrot USD with Tangem Wallet?
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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.
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