Parrot Protocol PRTPrice $ 0.000091

Parrot Protocol is a DeFi network built on Solana that will include the stablecoin PAI, a non-custodial lending market, and a margin trading vAMM. These are all use cases designed to solve one single problem: making value locked in DeFi systems accessible.

Parrot protocol will collect fees from the services it provides, use the fees to buy back PRT on the open market, and cycle back the PRT as protocol incentives. The three main sources of protocol fees are:

• Stability fees are collected on the stablecoin PAI
• Borrow interests on the PAI supply
• Liquidation penalties
• Borrow fees are collected on the lending market
• Trading fees for the vAMM. Note that the vAMM does not require LPs, so it’s possible for the protocol to capture the entire trading fees.