The Parrot protocol has been using the “Leverage Interest Rate” on PAI vaults to help stabilize the price peg of PAI. Since its deployment, we’ve seen that the PAI price peg has been restored, and price volatility decreased over-time: Looking at pSOL’s on-chain data, we have identified yPRT as a…

The Parrot team has upgraded the protocol Program to add redundant security enhancements. The team went through multiple rounds of reviews for this upgrade, and no new issue was discovered. Here are the enhancements we introduced. Locked down creation of new debt types and new vault types. This decreases the…

As we enter the new year, the team would like to share what we have been working on. BunnyDucky Aggregator There’s been significant progress made on BunnyDucky Aggregator development. It’s is getting ready for launch. The core features of BunnyDucky have been completed. BunnyDucky web client is completed. There’s been progress on…

Parrot was launched earlier this year, and boy has it been a roller coaster ride these past six months. Due to the plethora of yield farming and liquidity mining opportunities, our protocol was able to reach the half-billion milestone in total value locked. Since the IDO, we introduced new features…

The Parrot stablecoin PAI is over-collateralized and backed by a diversified basket of assets. Yet the price of PAI against USDC and USDT has been persistently below peg. The PAI:USDC:USDT pool reserves in the Mercurial PAI3pool and Saber’s PAI:USDC pools are badly imbalanced. To help restore PAI’s price peg, we…

We’re excited to announce that Parrot, a DeFi platform live on Solana mainnet designed to unlock LP liquidity through lending, is integrating Chainlink Price Feeds. …

The Parrot Yield Token is a new token design to incentivize long-term participation in the Parrot Protocol. Holding yPRT will entitle you to incentives within the Parrot ecosystem, compounding your yPRT holding. …

Recently an article by “solana-researcher” argues that it may be the wrong assumption for users to “expect pSOL/SOL to remain close to 1”. We’ll explain why the argument in the article is mistaken, and that the real reason that pSOL/SOL is under peg is because of leverage yielding through pSOL. …

The Parrot is still a young protocol, and there is a lot of room for growth. How can the Parrot Protocol be healthier? More TVL More Revenue More Users More integrations and partnerships As such, short-term decisions should align with our long-term commitment to build a useful and profitable protocol…