Parallax
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Protocol TVL
About Parallax
Parallax provides liquidity infrastructure that empower individuals, DAOs, and other protocols to generate yield on Arbitrum and zkSync
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
How Parallax's TVL is measured
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 comes from the Staking Vaults
If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.
Security & Audits
Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.
Parallax Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Apr 21, 2023Listed on DeFiLlama
Protocol Profile
Parallax is a Yield Aggregator — a decentralised exchange where users swap assets against on-chain liquidity pools rather than a central order book. It is deployed across 3 chains, including Arbitrum, zkSync Era, Ethereum. The codebase has been independently audited (1 report on file).
TVL Distribution by Chain
TVL spans 5 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Parallax operates on 3 networks (Arbitrum, zkSync Era, Ethereum), keeping its surface area narrower than chain-agnostic peers. Roughly 99% of its on-chain value sits on just three networks (Arbitrum, zkSync Era, Arbitrum-pool2), so a fault on any one of them would affect a large slice of users. Price feeds come from a single oracle provider (Chainlink); 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.
Official Resources & Links
Verified external resources for Parallax — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Yield Aggregator protocols on Mantapex
Parallax is one of 7 Yield Aggregator protocols Mantapex tracks in this category. Direct peers ranked by total value locked include CIAN Yield Layer, Yearn Finance, Fluid Lite, and 3 more. These peer protocols collectively secure $1.2B in deposits, giving you a frame of reference for whether Parallax's own TVL is at the top, middle, or tail of the category.
Recent Parallax news
Latest reporting from major crypto news outlets covering Parallax.
Related protocols
Other DeFi protocols connected to Parallax by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Yield Aggregator protocols
Top protocols on Arbitrum
Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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