Logo of Parallel Protocol V2Parallel Protocol V2(PRL)
Total Value Locked$565,681.65

TVL by Chain

Ethereum$526,398.59

Polygon$39,216.36

Fantom$66.7

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.

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Category:CDP

Audits:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

QiDao ($2.7m)DEUS FinanceAbracadabra Spell ($4.74m)mStable CDP ($3.01m)Angle ($1.97m)Iron Finance ($315,857.32)xDollar ($212,936.03)Davos Protocol ($24,396.19)MahaDAO Arth ($20,664.03)Sky Lending ($5.445b)

Frequently Asked Questions

What is Parallel Protocol V2's TVL?

Parallel Protocol V2 currently has $565,681.65 in total value locked. TVL has increased 16.1% over the past 30 days.

What chains does Parallel Protocol V2 operate on?

Parallel Protocol V2 operates on 3 chains: Fantom, Ethereum, and Polygon. Ethereum holds the largest share at 93.1%.

How does Parallel Protocol V2's TVL compare to similar protocols?

Among CDP protocols tracked by DefiLlama, Parallel Protocol V2 ranks #49 by TVL. The category holds $7.369b across 203 protocols, and Parallel Protocol V2 accounts for <0.1% of that total. Other leading protocols include QiDao, DEUS Finance, Abracadabra Spell, mStable CDP, Angle, Iron Finance, xDollar, Davos Protocol, MahaDAO Arth, and Sky Lending.