
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
| On chains: | Avalanche, Base, Ethereum, Fantom, Hyperliquid, Polygon, Sonic |
| Latest | 24h ago | 7d ago | 30d ago | 30 days changes | |
|---|---|---|---|---|---|
| Parallel Protocol TVL | $4,783,209 |
$4,769,275
0.29% |
$4,633,469
3.23% |
$4,627,091
3.37% |
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Parallel Protocol is 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
Yes Parallel Protocol has the PRL. The token is used in 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
Yes PRL is supported on Avalanche.
Yes PRL is supported on Base.
Yes PRL is supported on Ethereum.
Yes PRL is supported on Fantom.
Yes PRL is supported on Hyperliquid.
Yes PRL is supported on Polygon.
Yes PRL is supported on Sonic.