Logo of Parallel Protocol V2Parallel Protocol V2(PRL)
Total Value Locked$498,734.27

TVL by Chain

Ethereum$465,798.88

Polygon$32,871.45

Fantom$63.94

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.

Category:CDP

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 ($2.21m)DEUS FinanceAbracadabra Spell ($4.14m)mStable CDP ($3.01m)Angle ($1.96m)Sky Lending ($5.695b)USDD ($1.275b)Liquity V1 ($143.24m)crvUSD ($73.7m)Liquity V2 ($73.17m)

Frequently Asked Questions

What is Parallel Protocol V2?

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.

What is Parallel Protocol V2's TVL?

Parallel Protocol V2 currently has $498,734.27 in total value locked. TVL has decreased 1.6% over the past 30 days.

What chains does Parallel Protocol V2 operate on?

Parallel Protocol V2 operates on 3 chains: Fantom, Polygon, and Ethereum. Ethereum holds the largest share at 93.4%.