What is the Parallel Protocol?
Mimo Defi is home to the Parallel Protocol.
The Parallel Protocol is a decentralized price-stable token issuance protocol on the Ethereum blockchain. Parallel stablecoins are decentralized, non-custodial, collateral-backed, and fully redeemable synthetic assets pegged to a fiat currency. Parallel stablecoins are kept stable by collateral locked in smart contract Vaults.
At launch, the Parallel Protocol offers a single ERC20 stablecoin called PAR which is pegged to the Euro.
Read the whitepaper to learn more about how the protocol works.
Last modified 9mo ago
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