The Parrot Protocol is a DeFi network on Solana that aims to solve the problem of inaccessible value locked in DeFi systems. It includes the stablecoin PAI, a non-custodial lending market, and a margin trading vAMM. Billions of dollars are locked in DeFi systems, but there are limited use cases for LP tokens. The Parrot Protocol plans to create a liquidity and lending network collateralized by LP tokens, with the PAI stablecoin as a common unit of account. This will enable LP token holders to transact and access their locked value. Additionally, a margin trading product using PAI will allow the Parrot community to collect fees.