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Parallel Protocol V3(PRL)

Total Value Locked$2.44m

TVL by Chain

Ethereum$878,687

Avalanche$630,756

Hyperliquid L1$546,245

Base$385,707

Sonic$0

Key Metrics

$PRL Liquidity$461,794

Balancer V3$461,794

Parallel Protocol V3(PRL)

Total Value Locked$2.44m

TVL by Chain

Ethereum$878,687

Avalanche$630,756

Hyperliquid L1$546,245

Base$385,707

Sonic$0

Key Metrics

$PRL Liquidity$461,794

Balancer V3$461,794

Protocol Information

Parallel is an over-collateralized, decentralized, modular & capital-efficient stablecoins protocol deployed on several chains. Each stablecoin can be minted against an approved basket of yield generating correlated assets at the oracle price and redeemed for it without cooldown

CategoryCDP

Audits:

Website Twitter

Methodology

TVL: TVL is retrieved on-chain by getting the total assets managed by the Parallelizer contracts

Yields

Pools Tracked2

Average APY6%

Competitors

Reservoir Protocol ($56.02m)QiDao ($2.56m)Button Wrappers ($24,336)Avalon USDa ($340.24m)Overnight Finance ($9.95m)Sky Lending ($5.692b)USDD ($1.333b)Liquity V1 ($122.71m)Liquity V2 ($70.78m)Frankencoin ($68.24m)