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  • Introduction
  • Parallel Protocol
    • What is PAR (€ stablecoin)?
      • How does PAR work?
      • Where can I get PAR ?
    • What is paUSD ($ stablecoin)?
      • How does paUSD work?
      • Where can I get paUSD ?
    • What is MIMO (Governance Token) ?
      • MIMO Issuance
      • Where can I get MIMO?
    • Classic Vaults
      • Depositing
      • Borrowing
      • Fees
        • Fees Generation
        • Fees Distribution
      • Withdrawing
      • Repaying
      • Liquidating
    • Bridging Module
      • LayerZero Infrastructure
      • Specifications
      • Implementation
        • PAR
        • paUSD
    • Super Vaults (SV)
      • Leveraging
      • Rebalancing
      • EmptyVault
      • Automated Rebalance
      • Managed Rebalance
    • Inception Vaults (IV)
      • Borrowing
      • Liquidating
  • DAO & Governance
    • vMIMO and Voting Power
    • Governance process
    • Proposal Framework
      • Parallel Integration Request (PIR)
      • Parallel Governance Proposal (PGP)
      • Parallel Improvement Protocol (PIP)
    • DAO Multisigs
      • DAO Multisigs Elections
        • Election 1
        • Election 2
        • Election 3
        • Election 4
        • Election 5
        • Election 6
      • Multisigs Transactions History
        • May 2022 Multisig History
        • June 2022 Multisig History
        • July 2022 Multisig History
        • August 2022 Multisig History
        • September 2022 Multisig History
        • October 2022 Multisig History
        • November 2022 Multisig History
        • December 2022 Multisig History
        • January 2023 Multisig History
        • February 2023 Multisig History
        • March 2023 Multisig History
        • April 2023 Multisig History
        • May 2023 Multisig History
        • June 2023 Multisig History
        • July 2023 Multisig History
        • August 2023 Multisig History
        • September 2023 Multisig History
        • October 2023 Multisig History
        • November 2023 Multisig History
        • December 2023 Multisig History
        • January 2024 Multisig History
        • February 2024 Multisig History
        • March 2024 Multisig History
        • April 2024 Multisig History
        • May 2024 Multisig History
    • Parallel Emergency Guardians
    • DAO Treasury
      • DAO Treasury Reports
  • Risk Assessments
    • Parallel's Risk framework
    • Methodology
    • Risk per Assets
      • PAR
        • Ethereum Assets
        • Polygon Assets
        • Fantom Assets
      • paUSD
        • Ethereum Assets
        • Polygon Assets
    • Risk parameters
      • PAR
        • Ethereum Risk parameters
        • Polygon Risk parameters
        • Fantom Risk parameters
      • paUSD
        • Ethereum Risk parameters
        • Polygon Risk parameters
    • Insurance Fund
  • Developers
    • Developer Guide
    • Classic Vaults
      • Architecture
      • VaultsCore
      • Opening a vault
      • Borrowing and minting PAR/paUSD
    • Bridging Module
      • Architecture
      • Sample Use Cases
    • Super Vault (SV)
      • Proxy Design
        • MIMOProxy
        • MIMOProxyGuard
        • MIMOProxyFactory
      • Action Contracts
        • MIMOEmptyVault
        • MIMOLeverage
        • MIMORebalance
        • MIMOAutoRebalance
        • MIMOManagedRebalance
        • MIMOProxyActions
        • MIMOVaultActions
      • Leverage Max Amount Derivation
    • Inception Vault (IV)
      • IV Architecture
      • InceptionVaultFactory
      • AdminInceptionVault
      • InceptionVaultCore
      • InceptionVaultsDataProvider
      • InceptionVaultPriceFeed
    • Contract Addresses
      • Parallel V2
        • PAR
          • Ethereum
          • Polygon PoS
          • Fantom
        • paUSD
          • Ethereum
          • Polygon PoS
      • Super Vaults (SV)
        • PAR
          • Ethereum
          • Polygon PoS
        • paUSD
          • Ethereum
          • Polygon PoS
      • Inception Vaults (IV)
        • Kovan
  • Resources
    • User Guides
      • Setting up
      • Managing Transactions on EVM blockchains
      • Troubleshooting
      • Mint PAR
      • Liquidity Providing
        • Provide MIMO-PAR liquidity on Balancer (Ethereum & Polygon PoS)
        • Provide PAR-USDC liquidity on Uniswap V3 (Ethereum)
        • Provide PAR-USDC liquidity on Arrakis (Polygon PoS)
        • Provide PAR-jEUR liquidity on Balancer (Polygon PoS)
        • Provide PAR-wFRK-jEUR liquidity on Balancer (Polygon PoS)
        • Provide paUSD-wUSK-USDC liquidity on Balancer (Ethereum)
        • Impermanent loss
      • Claim Rewards
      • Stake & Lock MIMO
    • Security & Audits
    • Links
    • Glossary
    • Press Kit
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On this page
  • What is Parallel Protocol?
  • How is Parallel governed?
  • Is Parallel secured ?
  • Additional information and resources about Parallel

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Introduction

NextWhat is PAR (€ stablecoin)?

Last updated 11 months ago

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What is Parallel Protocol?

Parallel is a decentralized protocol that issues stablecoins, the € stablecoin () and the $ stablecoin (), on the Ethereum, Polygon and Fantom blockchains. The & stablecoin are decentralized, non-custodials, and collateral-backed FIAT stablecoins.

How is Parallel governed?

The Parallel Protocol is a DAO-governed protocol. Changes are made through proposals that are voted with , which are obtained by staking governance tokens.

Is Parallel secured ?

The Parallel Protocol has been . The protocol is completely , which allows anyone to interact with a UI client, or directly with the smart contracts. Being open source means that anyone can build a third-party interface, service, or application to interact with the protocol and enrich their product.

Additional information and resources about Parallel

Feel free to refer to the for a deeper dive into Parallel Protocol mechanisms. Developers can access the for a technical description of the Parallel decentralized protocol. For detailed risk analysis, please visit the .

PAR
paUSD
PAR
paUSD
vMIMO
MIMO
audited and secured
open source
White Paper
Developer documentation
risk framework