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ParaSpace Lending V1
ParaSpace Lending V1
-Lending
Audited
DeFiLlama Lending·$130.8K TVL·-0.73% 1h·+0.26% 24h·+13.05% 7d·5 chains

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Protocol TVL

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About ParaSpace Lending V1

ParaSpace is a permissionless universal, cross-margin NFT lending protocol that enables users to collateralize both ERC-721 and ERC-20 assets into a single portfolio to borrow against.

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

How ParaSpace Lending V1'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 includes ERC-20 and ERC-721 tokens that have been supplied as well as ERC-20 tokens that are supplied for lending.

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

Audited by external firms
2 audits
Audit reports
docs.para.space/para-space/para-space/external-audits
Price oracles
Internal

Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.

ParaSpace Lending V1 Timeline

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

  1. Feb 8, 2023
    Listed on DeFiLlama
  2. May 10, 2023
    Team Dispute

Protocol Profile

ParaSpace Lending V1 is a Lending 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 Ethereum, zkSync Era, Arbitrum, Polygon and 1 other chain. The codebase has been independently audited (1 report on file). DeFiLlama tracks 1 historical event for this protocol since 2023.

TVL Distribution by Chain

TVL spans 8 chains across the deployment. See the breakdown below for per-chain values.

borrowed
$389.1K(42.8%)
Ethereum-borrowed
$366.9K(40.4%)
Ethereum
$73.8K(8.1%)
zkSync Era
$42.5K(4.7%)
zkSync Era-borrowed
$20K(2.2%)
Arbitrum
$14.4K(1.6%)
Arbitrum-borrowed
$2.2K(0.2%)
Polygon
$18(0.0%)

Supported Chains

Ethereum zkSync Era Arbitrum Polygon Moonbeam

Protocol Footprint

ParaSpace Lending V1 runs a multi-chain deployment, with smart contracts live on 5 networks. Roughly 91% of its on-chain value sits on just three networks (borrowed, Ethereum-borrowed, Ethereum), so a fault on any one of them would affect a large slice of users. Price feeds come from a single oracle provider (Internal); 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 ParaSpace Lending V1 — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Project Website
parallel.fi
Twitter / X — @ParallelFi_HQ
twitter.com

Other Lending protocols on Mantapex

ParaSpace Lending V1 is one of 7 Lending protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Aave V3, Morpho V1, JustLend, and 3 more. These peer protocols collectively secure $43.4B in deposits, giving you a frame of reference for whether ParaSpace Lending V1's own TVL is at the top, middle, or tail of the category.

Aave V3
Aave V3
TVL $26.2B · 24h +0.16%
Morpho V1
Morpho V1
TVL $7B · 24h +0.57%
JustLend
JustLend
TVL $3.4B · 24h +1.86%
Maple
Maple
TVL $2.4B · 24h -1.17%
SparkLend
SparkLend
TVL $2.2B · 24h +3.62%
Kamino Lend
Kamino Lend
TVL $2.1B · 24h -0.02%
Browse all Lending protocols on Mantapex

Available Yields

ProjectPoolAPYTVL
paraspace-lending-v1WETH0.01%$11.7K

Recent ParaSpace Lending V1 news

Latest reporting from major crypto news outlets covering ParaSpace Lending V1.

Related protocols

Other DeFi protocols connected to ParaSpace Lending V1 by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.

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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