Open a new
Parallel world

Scalable, over-collateralized & decentralized stablecoins protocol. Backed by yield generating correlated assets.

Start earning with USDp stablecoin

9.50%APY
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Where does this yield come from?

Real yield
Yield stems from returns generated by assets backing Parallel stablecoins (e.g. RWAs, Lending Vaults)
Booster effect
The Parallel savings solution receives yield from the entire stablecoins backing. However, not all stablecoins are deposited into the savings product, and therefore eligible for this yield. The fewer stablecoins deposited, the more boosted the savings yield.
Infinite liquidity
The Parallel savings solution is liquid and permissionless. Users can enter or leave without any cost, anytime.
Enhanced Solvency
Parallel stablecoins are fully backed: anyone can redeem their stablecoins for collateral in the reserves. Additionally, Parallel stablecoins are reinforced by an Insurance Fund as an added layer of protection. Parallel solvency can be observed in real time via our transparency dashboard.

How the model
is working

  • Infinite Liquidity

    USDp is as liquid as USDC. Holders can swap from USDC to USDp, and vice versa, instantly, anytime. No fees, no slippage.

  • Stability

    Parallel is designed to withstand adverse market conditions, relying on innovative price stability mechanisms.

  • Solvency

    Parallel stablecoin can instantly, and at any time, be redeemed for any token used as collateral. They're fortified by a large insurance fund for an added layer of protection.

  • Sustainable yield

    The Parallel savings generates yield from all backing stablecoin, but only deposits in the savings product earn this yield.

Numbers
and Partners
say it all

Total stablecoin volume
$
Total earned by users in saving module
$
Protocol TVL
$
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Top-tier security practices

  • Learn more about audits

    Parallel is an open-source protocol audited & formally verified multiple times by the world's leading security companies.

    Bail Security
    Certora
  • Learn more about bug bounty

    Secured by Hypernative. Earn up to $250,000 for valid bugs or vulnerabilities submission.

    Hypernative
    Immunefi

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