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The Party Parrot
The Party Parrot

1.98K Followers

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Nov 2, 2022

PRT Vesting Tokens Accelerated Unlock

With Parrot’s last major tokenomic change, we have shortened yPRT’s locking period from 12 months to 7 days, to create more flexibility for stakeholders to enter or exit their positions. Since the implementation of this measure, we’ve seen a positive reaction for PRT. Now, we are looking to initiate another…

3 min read

PRT Vesting Tokens Accelerated Unlock
PRT Vesting Tokens Accelerated Unlock

3 min read


Jul 1, 2022

Introducing Leverage Interest Rate to Incentivize pBTC Stability

The Parrot protocol has been using the “Leverage Interest Rate” on PAI and pSOL vaults to help stabilize the price peg. Going forward, the same mechanism will be deployed to restore the balance of interests between pBTC borrowers and pBTC liquidity providers. The pBTC interest rate will be determined by…

2 min read

2 min read


May 27, 2022

Parrot UST Vaults Debt Recovery

On May 9th Terra’s UST suffered a moderate depeg going from 1 to 0.8. The Parrot team issued a 24h notice for our users to exit their UST vaults before liquidation is activated for UST vaults. …

2 min read

2 min read


Apr 15, 2022

Introducing Leverage Interest Rate to Incentivize pSOL Stability

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…

3 min read

Introducing Leverage Interest Rate to Incentivize pSOL Stability
Introducing Leverage Interest Rate to Incentivize pSOL Stability

3 min read


Apr 8, 2022

Parrot Protocol Security Enhancements

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…

2 min read

2 min read


Jan 13, 2022

Parrot Protocol Developer Updates 01/13/2022

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…

1 min read

1 min read


Dec 24, 2021

Parrot Protocol Q1 2022 Roadmap

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…

3 min read

3 min read


Nov 19, 2021

Introducing Leverage Interest Rate to Incentivize Parrot Stability Pool

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…

Solana Network

4 min read

Solana Network

4 min read


Nov 18, 2021

Parrot is Integrating Chainlink Price Feeds to Accurately Price Collateral and Liquidate Loans

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. …

3 min read

Parrot is Integrating Chainlink Price Feeds to Accurately Price Collateral and Liquidate Loans
Parrot is Integrating Chainlink Price Feeds to Accurately Price Collateral and Liquidate Loans

3 min read


Nov 3, 2021

Introducing yPRT: The Parrot Yield Token

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. …

Solana Network

4 min read

Introducing yPRT: The Parrot Yield Token
Introducing yPRT: The Parrot Yield Token
Solana Network

4 min read

The Party Parrot

The Party Parrot

1.98K Followers

Liquidity Network for Lending & Borrowing

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