Question 1

What is Parrot Protocol?

Accepted Answer

Parrot Protocol is a cdp protocol built on the Solana blockchain, offering decentralized finance services with a current Total Value Locked (TVL) of $11,134,339.878.

Question 2

How much TVL does Parrot Protocol have?

Accepted Answer

Parrot Protocol currently has a Total Value Locked (TVL) of $11,134,339.878, making it one of the significant cdp protocols on Solana.

Question 3

Is Parrot Protocol safe to use?

Accepted Answer

Parrot Protocol has undergone 1 security audit. Always do your own research and understand the risks before using any DeFi protocol.

Question 4

What category does Parrot Protocol belong to?

Accepted Answer

Parrot Protocol is categorized as a CDP protocol, specializing in cdp services on the Solana blockchain ecosystem.

Question 5

How do I use Parrot Protocol?

Accepted Answer

To use Parrot Protocol, you'll need a Solana-compatible wallet and SOL tokens for transaction fees. Visit the official website to connect your wallet and start using the platform.

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