Logo of Parallel Protocol V2Parallel Protocol V2(PRL)
Total Value Locked$561,529

TVL by Chain

Ethereum$492,058

Polygon$69,363

Fantom$107.68

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.

CategoryCDP

Audits:

WebsiteTwitter

Methodology

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

Competitors

QiDao ($2.75m)DEUS FinanceAbracadabra Spell ($6.25m)mStable CDP ($3.16m)Angle ($2.06m)Sky Lending ($5.9b)USDD ($1.31b)Avalon USDa ($359.34m)Liquity V1 ($136.26m)crvUSD ($88.36m)