Parallel Protocol V3

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

TVL is retrieved on-chain by getting the total assets managed by the Parallelizer contracts

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Parallel Protocol V3 is published as a versioned release inside the Parallel Protocol protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Parallel Protocol V3 ist eine versionierte Variante einer größeren Protokollfamilie. Öffne das übergeordnete Protokoll für den kombinierten TVL und alle Geschwister-Versionen.

Wichtige Ereignisse, die von der DeFiLlama-Community markiert wurden — Protokoll-Launches, Exploits, Governance-Änderungen und Anreizprogramme.

1. Jul 29, 2025
   Auf DeFiLlama gelistet

Parallel Protocol V3 is a CDP protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed across 5 chains, including Avalanche, Hyperliquid L1, Ethereum, Sonic and 1 other chain. The codebase has been independently audited (1 report on file).

Parallel Protocol V3 runs a multi-chain deployment, with smart contracts live on 5 networks. Roughly 100% of its on-chain value sits on just three networks (Avalanche, Hyperliquid L1, Ethereum), so a fault on any one of them would affect a large slice of users. Price feeds come from a single oracle provider (DIA); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

Verified external resources for Parallel Protocol V3 — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Parallel Protocol V3 is one of 7 CDP protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Sky Lending, USDD, Lista CDP, and 3 more. These peer protocols collectively secure 9,2 Mrd. $ in deposits, giving you a frame of reference for whether Parallel Protocol V3's own TVL is at the top, middle, or tail of the category.

Sky Lending

TVL 7,4 Mrd. $ · 24h -0.04%

USDD

TVL 563,6 Mio. $ · 24h -12.33%

Lista CDP

TVL 422,5 Mio. $ · 24h -0.11%

Avalon USDa

TVL 403,7 Mio. $ · 24h -0.57%

Liquity V1

TVL 180,4 Mio. $ · 24h +0.29%

Reservoir Protocol

TVL 166,9 Mio. $ · 24h +15.44%