How to buy Parrot USD? How can I buy the Parrot USD coin? Parrot USD stock how to buy? How to get Parrot USD?

To find out where you can buy currency Parrot USD see the list of available exchanges.

Where to trade Parrot USD?

Click here to see the list of available exchanges for Parrot USD.

Parrot USD, symbolized as PAI, is a decentralized, overcollateralized stablecoin integral to the Parrot Protocol ecosystem, built on the high-throughput Solana blockchain. Designed to maintain a stable peg to the US Dollar, PAI distinguishes itself by being backed by a diverse basket of crypto assets, rather than traditional fiat currency reserves. This overcollateralization model aims to enhance the stablecoin's resilience and transparency, providing a more robust and censorship-resistant alternative within the decentralized finance landscape. The Parrot Protocol itself functions as a comprehensive DeFi liquidity network, enabling users to leverage their existing digital assets for various financial activities without necessarily liquidating their holdings. Users can deposit a range of crypto assets, including Solana's native token SOL, liquid staking derivatives like mSOL, and various liquidity provider tokens, to mint PAI. This innovative mechanism allows asset holders to unlock liquidity from their staked or otherwise illiquid assets, essentially taking a loan in PAI against their collateral. Beyond stablecoin minting, the Parrot Protocol also facilitates lending and borrowing markets, where users can earn yield on their deposited assets or access capital for other DeFi opportunities within the Solana ecosystem. The primary objective of the Parrot Protocol is to maximize capital efficiency for Solana users, integrating different decentralized finance primitives to create a vibrant and liquid environment where assets can be put to work effectively. Governance of the Parrot Protocol is managed through PRT, its native governance token, empowering community members to participate in critical decisions, such as adjusting protocol parameters and introducing new collateral types. The transparent and on-chain nature of PAI's collateral ensures that its backing can be verified by anyone at any time, fostering trust in its peg stability. As the Solana blockchain continues its rapid growth as a preferred platform for decentralized applications, PAI and the Parrot Protocol are positioned to play a crucial role in providing essential stablecoin liquidity and foundational financial services to its expanding user base, contributing significantly to the broader DeFi ecosystem.

Parrot USD is a token and it means it is a cryptocurrency, which based its activities on the blockchain of other cryptocurrencies such as Ethereum Blockchain or EOS Blockchain. Examples of Tokens: Chainlink, OmiseGo, 0x.

What is the value of Parrot USD coin?

1 Parrot USD is worth $0.00000000.

To get price and historical data for Parrot USD coin, use API ID: pai-parrot-usd for endpoints at http://api.coinpaprika.com.