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.