Ask about PARE

Logo of PAREPARE(PARE)

Total Value Locked$47,558.79

TVL by Chain

Robinhood Chain$47,558.79

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

WebsiteX/Twitter
Category:Interest Rate Derivatives

Audits:

Methodology

TVL: Stock Tokens deposited in PARE StripVaults on Robinhood Chain. Each vault holds the stock backing one series of principal (pToken) and yield (yToken) tokens until maturity.View code on GitHub

Competitors

Boros ($8.09m)Rho X ($737,821.34)

Frequently Asked Questions

What is PARE's TVL?

PARE currently has $47,558.79 in total value locked.

What chains does PARE operate on?

PARE operates on Robinhood Chain. Robinhood Chain holds the largest share at 100%.

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 $8.87m across 3 protocols, and PARE accounts for 0.5% of that total. Other leading protocols include Boros and Rho X.