PARE(PARE)

Total Value Locked$70,979

TVL by Chain

Robinhood Chain$43,465

Ethereum$27,514

Protocol Information

Yield splitting for Robinhood Chain Stock Tokens. A stock token is split into a principal token (the stock at a discount, redeems 1:1 at maturity) and a yield token (every dividend until maturity). Both trade on Uniswap v3; the principal token is collateral on Morpho Blue

Website X/Twitter

Category:Interest Rate Derivatives

Audits:

Methodology

TVL: Stock Tokens deposited in PARE StripVaults on Robinhood Chain, and yield-bearing dollars (sUSDx) deposited in PARE YieldVaults on Ethereum. Each vault holds what backs one series of principal (pToken) and yield (yToken) tokens until maturity.

Yields

Pools Tracked3

Average Supply APY47.28%

Competitors

Rho X ($586,466)Boros ($7.49m)

Frequently asked questions

What is PARE's TVL?

PARE currently has $70,979 in total value locked.

What chains does PARE operate on?

PARE operates on 2 chains: Robinhood Chain and Ethereum. Robinhood Chain holds the largest share at 61.2%.

How does PARE's TVL compare to similar protocols?

Among Interest Rate Derivatives protocols tracked by DefiLlama, PARE ranks #3 by TVL. The category holds $8.15m across 3 protocols, and PARE accounts for 0.9% of that total. Other leading protocols include Rho X and Boros.

How many yield pools does PARE have?

DefiLlama tracks 3 PARE yield pools with an average APY of 47.3%.