Logo of Parallel Protocol V2Parallel Protocol V2(PRL)
Total Value Locked$519,066

TVL by Chain

Ethereum$453,543

Polygon$65,462

Fantom$60.23

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:

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Methodology

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

Competitors

QiDao ($2.56m)DEUS FinanceAbracadabra Spell ($5.27m)mStable CDP ($3.07m)Angle ($2.01m)Sky Lending ($5.706b)USDD ($1.339b)Avalon USDa ($338.32m)Liquity V1 ($123.46m)Liquity V2 ($72.16m)