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Parabol

Parabol  

4 Watchlists

DeFi

Status

General Info

Description

Parabol is a fiat-backed stablecoin protocol that provides a regulatory compliant stablecoin (paraUSD) and a native yield mechanism.

What is Parabol?

Parabol is a fiat-backed stablecoin system using paraUSD as its native stablecoin. It offers risk-free yields to savers and rewards liquidity providers. Users can hold, trade, or lend paraUSD to the Reserve Stability Pool (RSP) for fixed maturities, strengthening the stablecoin's stability. Lending to the RSP provides returns matching or exceeding Treasury Bills. Those engaging in DeFi activities with paraUSD enhance liquidity and earn additional rewards.

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