Parrot Protocol
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Protocol TVL
About Parrot Protocol
Stablecoin
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Security & Audits
Protocol Profile
Parrot Protocol is a CDP protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed on Solana. The codebase has partial audit coverage; review the linked reports before trusting it with large positions.
TVL Distribution by Chain
Supported Chains
Protocol Footprint
Parrot Protocol is a single-chain protocol, deployed exclusively on Solana — this concentrates execution risk but simplifies the trust model. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.
Official Resources & Links
Verified external resources for Parrot Protocol — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other CDP protocols on Mantapex
Parrot Protocol is one of 7 CDP protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Sky Lending, USDD, Lista CDP, and 3 more. These peer protocols collectively secure $9.2B in deposits, giving you a frame of reference for whether Parrot Protocol's own TVL is at the top, middle, or tail of the category.
Treasury
Recent Parrot Protocol news
Latest reporting from major crypto news outlets covering Parrot Protocol.
- Tokenpost
Uproar Unfolds as Parrot Protocol Proposes Major Shift in Token Policy
The Parrot Protocols recent proposition to transform its platform into a tokenless protocol has fomented an outcry among its community members. The proposed plan, which is open…
- Cryptopolitan
Controversial Parrot Protocol Proposal Sparks Outcry as Investors Face -89% Returns
In a move that has sent shockwaves through the cryptocurrency community, the Parrot Protocol, a Solana-based liquidity network, has submitted a proposal that could have…
- Cointelegraph
Solana's Parrot Protocol submits proposal to go tokenless, investors risk face -89% returns
The proposal calls for the redemption of PRT tokens for liquid treasury value, and the transition to a no-token protocol. Community members referred to the move as a "financial…
- Coindesk
Parrot Finance Starting PRT Token Buyback Next Week
DeFi protocol Parrot Finance is moving forward with an activist investor-led plan to phase out its governance token (PRT) and will begin redemptions on Monday. Parrot's redemption…
- Crypto Daily
Parrot Finance To Commence PRT Token Buyback On Monday
DeFi protocol Parrot Finance will begin implementing an activist investor-led plan to phase out the platform's PRT token, with redemptions set to begin as early as Monday. The…
- Coindesk
Parrot Finance to Begin PRT Token Buyback on Monday, Capping Fiery Vote
Solana-based protocol Parrot Finance will buy PRT tokens from all sellers at $0.0045 apiece.
- Coincu
Parrot Finance Launches PRT Token Buyback, Caps Fiery Vote!
Parrot Finance is undergoing a new redemption program.
- Crypto news
Parrot Finance early backers to lose 90% of investment in contentious proposal
Parrot Finance's early investors could end up losing over 90% of their initial investment if this proposal sails
Related protocols
Other DeFi protocols connected to Parrot Protocol by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other CDP protocols
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Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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