Solana’s Parrot Protocol Submits Tokenless Proposal, Traders Danger Confronted With Destructive 89% Return


A latest proposal from the crew behind Parrot Protocol, a Solana-based liquidity community, has sparked controversy amongst group members.of suggestionwill maintain a vote till July 27, calling for the redemption of PRT tokens at liquid Treasury worth and a transition to a tokenless protocol.

Based mostly on this proposal, the PRT redemption value was set at $0.0045 per token. in keeping with In response to CryptoRank knowledge, the protocol has raised over $89 million since its launch in 2021, with a present return on funding (ROI) of -89% for preliminary DEX choices (IDOs) and new change choices (IEOs). A adverse ROI signifies that the investor has misplaced cash on their funding.

Token sale for the Parrot protocol. Supply: CryptoRank.

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