# PAR

<img src="https://1576197425-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MdnKrtV1Ev2ILZ6C4SC%2Fuploads%2FtEPMtMn16xIuYrcYsT4k%2Fpar_round_200.png?alt=media&#x26;token=66700e1f-ff0e-40f6-9cac-1127eb42e835" alt="" data-size="line">PAR is a EURO stablecoin backed by collaterals, and can only be minted with governance-approved collaterals. PAR are created when users deposit accepted tokens (such as WETH, WBTC, USDC, etc) as collateral in vaults and in turn receive a loan against that collateral.&#x20;

**Token Symbol:** PAR

| Blockchain  | Contract Address                                                                                                       |
| ----------- | ---------------------------------------------------------------------------------------------------------------------- |
| Ethereum    | [0x68037790a0229e9ce6eaa8a99ea92964106c4703 ](https://etherscan.io/token/0x68037790a0229e9ce6eaa8a99ea92964106c4703)   |
| Polygon PoS | [0xe2aa7db6da1dae97c5f5c6914d285fbfcc32a128](https://polygonscan.com/token/0xe2aa7db6da1dae97c5f5c6914d285fbfcc32a128) |
| Fantom      | [0x13082681E8CE9bd0aF505912d306403592490Fc7](https://ftmscan.com/token/0x13082681E8CE9bd0aF505912d306403592490Fc7)     |

### PAR is non-custodial&#x20;

There are no counterparties involved in the minting and burning of PAR tokens, as actors in the network transact directly with the PAR smart contracts. Vaults are non-custodial, with each borrower having full control over their collateral and borrowed PAR balances, provided it meets the minimum health factor governed by the protocol as a whole.

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You can use PAR to earn yield by [Providing Liquidity](https://docs.parallel.best/products/parallel-v2/stablecoins/broken-reference).
{% endhint %}