InformationTVL

Parallel Protocol V2 (PRL)

Total Value Locked$1.46m

TVL by Chain

Ethereum$1.3m

Polygon$158,485

Fantom$213.78

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 ($5.2m)DEUS FinanceFrankencoin ($26.26m)Angle ($20.03m)Abracadabra Spell ($14.77m)Sky Lending ($6.052b)Avalon USDa ($466.84m)USDD ($302.66m)Liquity V1 ($225.17m)Inverse Finance FiRM ($162.92m)