Total TVL
$851.5K
Pools
3
Chains
3
Avg APY
6.75%
Age
1.3 years
Audited
Yes
Parallel Protocol V3 is a cdp protocol with $851.5K in total value locked across 3 pools on 3 chains. The protocol has been operational for 1.3 years. Parallel Protocol V3 has been independently audited, with no recorded security incidents to date. Pools on Parallel Protocol V3 offer an average APY of 6.75%, with yields varying by asset type and chain.
Parallel Protocol V3's TVL of $851.5K is below the cdp category average of $28.6M. Its average yield of 6.75% exceeds the category average of 5.99%. There are 211 protocols tracked in the cdp category.
Oracle Provider
dia
Audited
Yes
Open Source
—
Hacks
None
Total Hacked
—
Audit Reports
| Pool | Chain | TVL | APY | Base | Reward | Type |
|---|---|---|---|---|---|---|
| SUSDP | Ethereum | $251.3K | 6.75% | 6.75% | 0.00% | Stable |
| SUSDP | Hyperliquid L1 | $123.0K | 6.75% | 6.75% | 0.00% | Stable |
| SUSDP | Avalanche | $83.9K | 6.75% | 6.75% | 0.00% | Stable |
Parallel Protocol V3 is a cdp protocol with $851.5K in total value locked. It operates 3 pools across 3 blockchains, including Avalanche, Ethereum, Hyperliquid L1.
Parallel Protocol V3 currently has $851.5K in total value locked across 3 pools on 3 chains.
Yes, Parallel Protocol V3 has been independently audited.
No, Parallel Protocol V3 has no recorded security incidents in its history.
The average APY across all Parallel Protocol V3 pools is 6.75%. Actual yields vary by pool, asset type, and market conditions.
Parallel Protocol V3 operates on 3 chains: Avalanche, Ethereum, Hyperliquid L1.
Collateralized Debt Position (CDP) protocols allow users to lock up collateral and mint stablecoins or synthetic assets against it. The collateral must exceed the value of the minted tokens by a safety margin. If collateral value drops below the required ratio, positions can be liquidated to maintain system solvency.