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ProtocolsParallel Protocol V3

Information
TVL
Yields

Parallel Protoc...
(PRL)

Total Value Locked
$3.85m
Chain Breakdown
Avalanche$2.79m
Hyperliquid L1$810,284
Ethereum$238,567
Base$10,065
Sonic$0
$461,794
USDAVAX

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

Abracadabra Spell ($9.45m)Angle ($4.08m)QiDao ($3.35m)Iron Finance ($315,792)xDollar ($87,097)Sky Lending ($6.056b)USDD ($1.363b)Avalon USDa ($392.53m)Lista CDP ($376.57m)Reservoir Protocol ($218.85m)