Company Information

Get to know Parrot Finance

Parrot Finance was a decentralized finance (DeFi) protocol built on the Solana network with a mission to increase the utility of and unlock the value of liquidity provider (LP) tokens. The protocol featured several products, including the PAI stablecoin, a non-custodial lending market, and a margin trading virtual automated market maker (vAMM). In late 2023, the team announced plans to sunset the protocol, initiating a redemption plan in early 2024 for PRT token holders to claim their share of the underlying treasury assets.

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Crypto CryptocurrencyPRIMARY
Financial Other Service

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Parrot Finance

Name: Parrot Finance
Address: US

United States

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

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FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.