Logo of Parallel Protocol V2Parallel Protocol V2(PRL)
Total Value Locked$637,576.32

TVL by Chain

Ethereum$597,255.12

Polygon$40,250.64

Fantom$70.56

Key Metrics

$PRL Liquidity$461,794

Balancer V3$461,794

Protocol Information

Parallel is a decentralized protocol that issues stablecoins, PAR (EUR stablecoin) and paUSD (USD stablecoin), on the Ethereum, Polygon and Fantom blockchains. The PAR & paUSD stablecoin are decentralized, non-custodials, and collateral-backed FIAT stablecoins.

WebsiteTwitter
Category:CDP

Audits:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

QiDao ($2.71m)DEUS FinanceAbracadabra Spell ($4.75m)mStable CDP ($3.01m)Angle ($2.01m)Iron Finance ($315,935.55)xDollar ($212,699.4)Davos Protocol ($25,168.69)MahaDAO Arth ($20,194.14)Sky Lending ($5.64b)

Frequently Asked Questions

What is Parallel Protocol V2's TVL?

Parallel Protocol V2 currently has $637,576.32 in total value locked. TVL has increased 18.7% over the past 30 days.

What chains does Parallel Protocol V2 operate on?

Parallel Protocol V2 operates on 3 chains: Fantom, Ethereum, and Polygon. Ethereum holds the largest share at 93.7%.

How does Parallel Protocol V2's TVL compare to similar protocols?

Among CDP protocols tracked by DefiLlama, Parallel Protocol V2 ranks #47 by TVL. The category holds $7.994b across 203 protocols, and Parallel Protocol V2 accounts for <0.1% of that total. Other leading protocols include QiDao, DEUS Finance, Abracadabra Spell, mStable CDP, Angle, Iron Finance, xDollar, Davos Protocol, MahaDAO Arth, and Sky Lending.