# PAR :::warning You're reading the legacy **v2** documentation. For current Parallel features, see [v3](/products/parallel-v3). ::: 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. **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 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. :::info You can use PAR to earn yield by Providing Liquidity. :::