Parrot Finance to Begin PRT Token Buyback on Monday, Capping Fiery Vote

to return a slice of Parrot’s treasury – valued north of $70 million – to token holders. It passed with a lopsided 99% in favor but faced backlash from small-time investors who feel Parrot’s developer team is keeping too much of the treasury for itself.

Original investors of Parrot and PRT can expect to recover about a tenth of the value they put in. Newcomers, particularly the activist investors who pressured Parrot’s leaders for a redemption program, could make many multiples, depending on when they bought in. Parrot’s redemption program comes two years into the project’s unremarkable run on the Solana blockchain, where it has failed to catch fire despite raising an over $90 million warchest from retail and venture investors.

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