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What is Venus?

Venus has launched the first-ever decentralized stablecoin, referred to as VAI, which functions on the Binance Smart Chain and is underpinned by a variety of stablecoins and cryptocurrency assets, all while eliminating centralized control. The assets held within this protocol can yield annual percentage rates (APYs) that vary based on the market demand for those assets. Interest is accrued with each block and can serve as collateral for borrowing assets or for minting stablecoins. Users also have the ability to tokenize their assets on the Binance Smart Chain, receiving vTokens that are portable and can be easily transferred to cold storage or shared with others. By using your vToken collateral, you can rapidly borrow from the Venus Protocol without incurring trading fees or experiencing slippage, as everything is executed directly on-chain. This system provides users with immediate liquidity on a global scale, allowing for unparalleled financial freedom and flexibility. Overall, Venus represents a significant leap forward in decentralized finance, enhancing the way users can interact with and manage their digital assets effectively. Through this innovative model, the platform empowers individuals to take greater control over their financial activities.

What is Parrot?

The Parrot Protocol represents a decentralized finance (DeFi) ecosystem built on the Solana blockchain, featuring the stablecoin PAI, a non-custodial lending marketplace, and a virtual automated market maker (vAMM) for margin trading. The primary objective of these elements is to tackle a significant challenge: releasing the value currently trapped within DeFi platforms. Presently, vast sums of money are immobilized in various DeFi systems, frequently converted into yield-generating tokens such as Uniswap LP tokens or AAVE interest-bearing tokens. Regrettably, these LP tokens have limited real-world applications, as the value they embody remains largely inaccessible due to unclear risks and impractical measurement units for everyday users. By creating a liquidity and lending framework that allows LP tokens to serve as collateral, the Parrot Protocol seeks to fill this void while also offering a margin trading mechanism that uses PAI as a consistent unit of account. In doing so, the initiative aims to empower users to efficiently access and leverage the value encapsulated within these tokens, ultimately contributing to greater liquidity in the DeFi ecosystem. Through its innovative approach, the Parrot Protocol aspires to redefine how users interact with their digital assets.

Media

Media

Integrations Supported

1inch
BNB Smart Chain (BSC)
Chainfulness
Coin98
Ledger
MathWallet
Phantom
Polyhedra
Slope
Solana
Solflare
Solong
Telegram
Token Terminal

Integrations Supported

1inch
BNB Smart Chain (BSC)
Chainfulness
Coin98
Ledger
MathWallet
Phantom
Polyhedra
Slope
Solana
Solflare
Solong
Telegram
Token Terminal

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Venus

Company Website

venus.io

Company Facts

Organization Name

Parrot

Company Website

parrot.fi/mint/

Categories and Features

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