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 Shall Rise (Art by @ryanednan)

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…

If you love a Parrot that lives on a star, it is sweet to look at the sky at night (Art by paan ❤#4403)

The Parrot is releasing the first PRT staking incentive program and creating a use case for the PRT token. Over the next 30 days, starting from September 28 UTC+04:00, 10M PRT will be distributed to depositors of the PRT-PAI vault.

The rewards are calculated based on the hourly snapshots of…

The last few days have been a crazy ride. The community has blessed us with overwhelming support. The trust that the community has placed in us is a great responsibility that we have to honor.

When we started Parrot Protocol, we believed that DeFi is a once-in-a-lifetime opportunity, and we…

The Solana network was down for 13 hours, and as a result the first auction of Parrot’s IDO was interrupted halfway through and many community members in European timezones were unable to participate.

We believe that the fairest approach going forward is to extend auction 1 so that anyone who…

The Parrot Protocol will be conducting its IDO during the week starting on September 14th. Parrot’s PRT token is a utility token that will enable community participation in many aspects of the Parrot Protocol. A total of 10% of the PRT supply will be auctioned during the IDO process.


The Parrot launched the Hatchling Incentive Program a month ago, and it is finally coming to a close. The first program was designed to grow the Parrot TVL and PAI supply, and it was a tremendous success.

  • The TVL has grown from $1.5M to $50M
  • The PAI supply has grown…

Marinade and Parrot Cooking Together

Marinade has recently launched on mainnet, simplifying the process of staking SOL and creating a token, mSOL, representing proportional ownership of Marinade’s stake pool. This means that staking positions no longer have to be tied to the address that staked it; the positions have been tokenized, enabling them to be…

raise the ceiling (by @ryanednan)

The Parrot has been overwhelmed by the strong community demand for more PAI. Our community building efforts have brought in many new parrots to join the party, but they’ve been blocked from using our product by the debt ceiling.

Here’s the temporary plan to increase the debt ceiling so new…

(Designed by “Bubonik”)

The Parrot has launched a new vault type: USDC+earn, which allows you to mint PAI, AND earn yield on the USDC collateral you’ve deposited. Aside from the yield generating capability of this new vault type, USDC+earn behaves the same way as before. No liquidation, and 101% collateral ratio requirement.


The Party Parrot

Liquidity Network for Lending & Borrowing

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