Parallel Protocol V2

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

Parallel Protocol V2 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 V2 es una versión dentro de una familia de protocolos mayor. Abre el protocolo padre para ver el TVL combinado y todas las versiones hermanas.

Parallel Protocol V2 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 3 chains, including Ethereum, Polygon, Fantom. The codebase has been independently audited (1 report on file).

Parallel Protocol V2 operates on 3 networks (Ethereum, Polygon, Fantom), keeping its surface area narrower than chain-agnostic peers. Roughly 100% of its on-chain value sits on just three networks (Ethereum, Polygon, Fantom), 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.

Verified external resources for Parallel Protocol V2 — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Parallel Protocol V2 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 9186 M US$ in deposits, giving you a frame of reference for whether Parallel Protocol V2's own TVL is at the top, middle, or tail of the category.

Sky Lending

TVL 7449 M US$ · 24h -0.04%

USDD

TVL 563,6 M US$ · 24h -12.33%

Lista CDP

TVL 422,5 M US$ · 24h -0.11%

Avalon USDa

TVL 403,7 M US$ · 24h -0.57%

Liquity V1

TVL 180,4 M US$ · 24h +0.29%

Reservoir Protocol

TVL 166,9 M US$ · 24h +15.44%