The composability of the DeFi ecosystem implies risks from an individual component flow into all dependent systems. Currencies are at the heart of the Parallel protocol as they enable operations and hold the assets and liabilities of the protocol.
With billions of assets locked up, decentralized finance (DeFi) has been booming in recent years.
That is why we have worked with a Risk Framework to establish our maximum collateral ratio (MCR) on our various assets according to a methodology.
If you have any questions, join the Parallel Discord server and our Telegram; Mimo Labs team and members of the community look forward to helping you understand Parallel's risks and risk management procedures.