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Parrot Protocol

Parrot Protocol

Solana lending protocol unlocking liquidity from LP positions through pUSD stablecoin minting.

Launch Year
2021
Consensus
Proof of History (Solana)
Max Supply
10,000,000,000 PRT
Block Time
~400ms
PRT
PRT
Parrot Protocol
Price
24h Change
Market Cap
Volume (24h)
Circulating Supply
Swap PRT Now
  • No KYC or registration
  • Non-custodial — your keys, your crypto
  • 1000+ supported exchange pairs
  • Best available exchange rate

Parrot Protocol Price Chart

PRT / USD
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Data by CryptoCompare

About Parrot Protocol

Parrot Protocol is a Solana DeFi protocol enabling users to mint pUSD — a synthetic stablecoin — by using LP tokens, yield-bearing assets, and other Solana DeFi positions as collateral. This unlocks liquidity trapped in farming positions without requiring users to exit their strategies. pUSD can be used across the Solana DeFi ecosystem while the underlying collateral continues earning yield. PRT token governs protocol parameters and provides staking rewards.

History

2021
Parrot Protocol launches on Solana with LP token collateral and pUSD minting
2021
PRT token distributes; liquidity mining program launched
2022
Expanded collateral types including Saber LP and Raydium LP tokens
2022
Protocol governance transfers to PRT holders via Parrot DAO
2023
Protocol continues operating as Solana DeFi collateral infrastructure

How to Swap PRT

Swapping Parrot Protocol (PRT) on SyntheticSwap requires no account or KYC verification. PRT is a Solana-native token, supported by Phantom, Solflare, Backpack, and any Solana-compatible wallet. Open SyntheticSwap, select PRT as your source or destination, enter your receiving wallet address, and confirm the displayed floating rate. Send PRT from your Solana wallet to the provided deposit address — Solana's fast block times mean your swap typically settles in seconds. The destination asset goes directly to your chosen wallet.

How to Store PRT

Store PRT in any Solana-compatible wallet. Phantom, Solflare, and Backpack all support SPL tokens including PRT.

Frequently Asked Questions