Ask about Parallel ProtocolTotal Value Locked$3.76m
TVL by Chain
Ethereum$1.34m
Avalanche$915,622
Base$886,694
Hyperliquid L1$546,571
Polygon$65,539
Fantom$120
Sonic$0
Key Metrics
$PRL Liquidity$461,794
Balancer V3$461,794
Treasury$279,403
Majors$72.78
Stablecoins$269,273
Own Tokens$9,653
Others$404.52
Protocol Information
Parallel is an over-collateralized, decentralized, modular & capital-efficient stablecoins protocol deployed on several chains. Each stablecoin can be minted against an approved basket of yield generating correlated assets at the oracle price and redeemed for it without cooldown
CategoryCDP
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Yields
Pools Tracked2
Average APY6%