The current real-time price of PAI is $0.9989. In the past 24 hours, PAI has traded between $0.9758 and $1.009, showing strong market activity. The all-time high of PAI is $10.76, and the all-time low is $0.0{5}5610.
From a short-term perspective, the price change of PAI over the past 1 hour is , over the past 24 hours is +2.05%, and over the past 7 days is +0.00%. These figures provide a quick overview of the latest price trends and market dynamics of PAI on LBank.-1.65%
The live price of PAI today is $0.9989, with a current market cap of $4.180M. The 24-hour trading volume is 62.94. The price of PAI to USD is updated in real time.
Before deciding whether to buy or sell PAI, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s PAI technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for PAI.
How much will PAI be worth tomorrow, next week, or next month in ? What about your PAI assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! PAI Price Prediction
To learn more about PAI, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
solana | 3Ea6xF...46E42U  | 1.993M | 47.2% |
solana | FRnCC8...JZvwpm | 1.884M | 44.63% |
solana | 2dc3Ug...73bmQR | 97,968.75 | 2.32% |
solana | 83KLBd...junJ9t | 75,689.29 | 1.79% |
solana | 5ChbMq...NvCBTH | 52,405.92 | 1.24% |
Other | 119.207K | 2.82% |
Parrot USD (PAI) is a decentralized stablecoin built on the Solana blockchain. It was designed to help users unlock the value of their locked assets, particularly Liquidity Provider (LP) tokens. By using these assets as collateral, users can mint PAI, providing them with liquidity while their original assets continue to serve their primary functions within the ecosystem.
To mint PAI, users deposit accepted collateral into dedicated vaults on the Parrot Finance platform. Supported collateral types include various stablecoins, SOL, and specific LP tokens. Based on the collateralization ratio of the chosen asset, users can then mint a corresponding amount of PAI. This process allows users to access a dollar-pegged asset while maintaining exposure to their deposited collateral.
The Parrot Protocol distinguishes itself by focusing on the utility of LP tokens. While many stablecoin protocols only accept major assets like BTC or ETH as collateral, Parrot was a pioneer in allowing users to leverage their LP tokens. This unique approach enables DeFi participants to keep earning trading fees from their LP positions while simultaneously using the minted PAI for other decentralized finance activities.
In mid-2023, the Parrot team proposed a "no-token protocol" model, which involved sunsetting the original governance token. The proposal aimed to allow token holders to redeem their holdings for a portion of the protocol's treasury value. While the transition was presented as a response to holder demand for redemptions, it sparked significant debate regarding the project's future direction and the governance power held by the core team.
Yes, the core smart contracts for the Parrot Protocol remain functional on the Solana blockchain. Users who have outstanding positions can still access the platform's infrastructure to repay their PAI debt and withdraw their remaining collateral. Although the protocol is currently considered a legacy system with minimal active development or front-end maintenance, the decentralized nature of the underlying contracts allows for these essential interactions through compatible decentralized exchanges.
The Parrot Protocol underwent a security audit by Halborn and implemented several enhancements to protect against infinite minting bugs and other potential exploits. Regarding the team, the developers remain largely anonymous. This lack of transparency has been a point of discussion within the community, particularly during major governance shifts. It is important for users to distinguish this project from other regulated entities with similar names that are entirely unrelated to the Solana-based protocol.
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