Navigating the Path of PAR: Where and How it Has Been Used ?

PAR, Parallel’s decentralized & over-collateralized Euro Stablecoin, has established a solid footprint across a broad array of platforms, making it conveniently accessible to users. This article is aimed at guiding you through where PAR can be found and how it is utilized, be it on centralized exchanges (CEX), within the Parallel protocol for staking and minting, in isolated lending markets, or across numerous liquidity pools.

Parallel Protocol

Parallel offers staking, minting and liquidity pools and much more yield opportunities with Midas Capital.

PAR Staking is available on Ethereum, Polygon & Fantom chains. The single asset PAR staking offer $MIMO inflation and $PAR from Parallel Protocol fees.

PAR Minting is also available on Ethereum, Polygon & Fantom chains. Minting PAR is one of the best ways to obtain PAR, you simply need to add a collateral such as WETH or WBTC but also productive assets such as stMATIC or stETH in a vault to mint PAR. This way, each PAR issued is overcollateralized by decentralized collateral.

Staking

• Ethereum: 11% APR
• Polygon: 6% APR
• Fantom: 1% APR

Minting

Ethereum:

• wETH: 1% APR
• wBTC: 5% APR
• USDC: 2% APR

Polygon:

• wMATIC: 23% APR
• wETH: 2% APR
• wBTC: 8% APR

Fantom:

• wETH: 0% APR
• wBTC: 0% APR

Midas Capital

Midas Capital is a multi-chain money market protocol that brings isolated and customizable money markets, ensuring separate risks for each market, enhancing security.

Midas offers what is called ‘protected collateral’, allowing MIMO and PAR LPs to be used as collateral without being borrowed against, creating stability. Users can explore new possibilities like lending, borrowing, leveraging, and hedging with MIMO and PAR. By participating in the Parallel Midas pools (currently available on Fantom, Polygon and soon on Ethereum), users can earn yield through lending fees as lenders, while borrowers access incentives and opportunities, ensuring sustainable yield generation. In addition, Liquidity Pool assets such as the PAR-jEUR BPT are still able to earn $BAL incentives while being used as collateral, which means that you can also create a yield loop thanks to Midas.

Liquidity Pools

There are different pools available on each chains where Parallel is deployed. Here are some interesting pools, offering trading fees and/or incentivized yield.

Polygon:

1. The PAR-jEUR Balancer pool has $811k in liquidity, incentivized in $BAL. Also available is an Autocompound Beefy vault.
2. The PAR-USDC UniV3 pool has $580K in concentrated liquidity, incentivized in $MIMO.
3. The 2eur Curve pool has $26k in liquidity, composed of PAR and jEUR.
4. The 4eur Curve pool has $218k in liquidity, composed of PAR, jEUR, EURS, and EURT.
5. The MIMO-PAR Balancer pool has $136k in liquidity, composed of 80% MIMO and 20% PAR, incentivized in $MIMO.

Ethereum:

1. The PAR-USDC UniV3 pool has $1.68M in concentrated liquidity, incentivized in $MIMO.
2. The PAR-USDC Curve pool has $425k in liquidity.
3. The MIMO-PAR Balancer pool has $310k in liquidity, composed of 80% MIMO and 20% PAR, incentivized in $MIMO.

Fantom:

Liquidity risk of PAR on Fantom:

1. The MIMO-PAR BeethovenX pool has $62k in liquidity, composed of 80% MIMO and 20% PAR.
2. The PAR-USDC Curve pool has $296.6k in liquidity.

With this extensive presence, PAR offers users plenty of opportunities to take advantage of its functionality across multiple platforms and markets.

Centralized Exchanges (CEX)

PAR can be exchanged on several established platforms:

1. HitBTC provides options for PAR/USDT and PAR/BTC trading pairs. For more details, check PAR/USDT and PAR/BTC on HitBTC.
2. Bittrex also supports the PAR/USDT trading pair. Visit their marketplace to explore more.
3. Swissborg is another platform that supports PAR. Details can be found on the Swissborg assets page.

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