Open a new Parallel world
Open a new
Parallel world
Scalable, over-collateralized & decentralized stablecoin protocol. Backed by yield generating stablecoins.
Scalable, over-collateralized & decentralized stablecoin protocol. Backed by yield generating stablecoins.
How the model
is working
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.
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.
Stability
Parallel is designed to withstand adverse market conditions, relying on innovative price stability mechanisms.
Solvency
Parallel stablecoins 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.
Solvency
Parallel stablecoins 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 stablecoins, but only deposits in the savings product earn this yield.
Sustainable yield
The Parallel savings generates yield from all backing stablecoins, but only deposits in the savings product earn this yield.
Numbers and Partners
say it all
Numbers
and Partners
say it all
total stablecoin volume
$
—
total stablecoin volume
$
—
total earned by users in saving module
$
—
total earned by users in saving module
$
—
protocol tvl
$
protocol tvl
$
Top-tier security practices
Top-tier security practices
Learn more about audits
Parallel is an open-source protocol audited multiple times by the world's leading security companies
Learn more about audits
Parallel is an open-source protocol audited multiple times by the world's leading security companies
Learn more about Bug bounty
Partially formally verified by Certora.
Earn up to $250,000 for valid bugs or vulnerabilities submission.
Learn more about Bug bounty
Partially formally verified by Certora.
Earn up to $250,000 for valid bugs or vulnerabilities submission.
Contribute to
Parallel DAO
Contribute to
Parallel DAO
Enter the
Parallel World
Enter the
Parallel World
Scalable, over-collateralized & decentralized stablecoin protocol. Backed by yield generating stablecoins.
Scalable, over-collateralized & decentralized stablecoin protocol. Backed by yield generating stablecoins.
