Parrot USD (PAI) — price, overview & secure storage
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Last Updated on Jun 24, 2026 06:27 AM
What is Parrot USD? Complete guide to PAI
What is Parrot USD and who created it?
The Parrot Protocol is a decentralized-finance/">decentralized finance (DeFi) network built on the Solana blockchain. It introduces the stablecoin PAI, a custodial/">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.
Key features of Parrot USD blockchain
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 Parrot USD transactions work
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.
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Similar cryptocurrencies to Parrot USD (PAI)
| Asset | 24h % | Market cap | |
|---|---|---|---|
 BitcoinBTC | $62,778.83 | 0.19% | $1.26T |
 EthereumETH | $1,672.94 | -0.64% | $0.20T |
 TetherUSDT | $0.9987 | -0.02% | $0.19T |
 BNBBNB | $579.40 | 0.17% | $78.07B |
 USDCUSDC | $0.9996 | -0.00% | $74.08B |
Frequently asked questions about Parrot USD (PAI)
- 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.
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