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ProtocolsParallel Protocol V3

Information
TVL
Yields

Parallel Protoc...
(PRL)

Total Value Locked
$1.76m
Chain Breakdown
Sonic$794,488
Hyperliquid L1$675,063
Avalanche$240,429
Ethereum$41,868
Base$7,638
$461,794
USDETH

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

Category:CDP

Audits
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Token Information

Address:0x6c0aec...0941c3

View on Etherscan View on Blockscout

Methodology

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

TVL code

Competitors

Avalon USDa ($506.91m)Frankencoin ($32.62m)Overnight Finance ($21.11m)BIMA CDP ($3.72m)Brunch ($17,185)Sky Lending ($6.943b)Lista CDP ($708.87m)USDD ($348.1m)Liquity V1 ($261.95m)Inverse Finance FiRM ($160.48m)