Parasset is an innovative collateralization lending/synthetic asset protocol, which is open to all on-chain protocols consisting of native assets and creates new platform services for all kinds of on-chain assets. Users can mint p-assets, such as pETH, pUSD on Parasset by collateralizing NEST/ETH, etc. Parassets such as PUSD, PETH are generated by protocol collateral and anchor the underlying asset with an intrinsic value of 1:1.