Logo of Parallel Protocol V2Parallel Protocol V2(PRL)
Total Value Locked$518,002

TVL by Chain

Ethereum$452,539

Polygon$65,359

Fantom$105.01

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 ($2.57m)DEUS FinanceAbracadabra Spell ($5.3m)mStable CDP ($3.07m)Angle ($2.01m)Sky Lending ($5.706b)USDD ($1.338b)Avalon USDa ($340.24m)Liquity V1 ($123.62m)Liquity V2 ($71.77m)