Parrot Protocol PRT
Rank #6409 IncludedParrot ProtocolPrice
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About Parrot Protocol
Parrot is a liquidity network for borrowing and lending on solana. Since its mainnet launch in June, it has grown to $400M in TVL, offering a suite of DeFi products. Today billions of dollars of value are locked in hundreds of DeFi s, and converted into different yield generating tokens, such as the Uniswap LP tokens, or the AAVE interest bearing tokens. There aren’t many use cases available for these LP tokens. The value locked in DeFi as LP tokens are inaccessible, because their risks are opaque, and their units of account unsuitable for human consumption. The Parrot Protocol is setting out to make value locked in LP tokens accessible, by creating a liquidity & lending network collateralized by these LP tokens.
Details
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