Proof of Solvency

Parallel V3 Proof of Solvency

Introduction

Unlike the majority of stablecoins protocols, Parallel V3 doesn't rely on multisigs or MCP vaults for its backing management but on onchain & permissionless smart contracts called Parallelizer Module. The Parallelizer Module is handling mint, burn & redeem operations within DAO approved parameters, you can learn more about it here. Users, keepers and anyone can freely interact with the backing of Parallel V3 Stablecoins without any cooldown.

The DAO, nor protocol contributors have access to Parallel V3 stablecoins backing. Moreover the backing is held entirely onchain.

Reserves Addresses

USDp

Blockchain	Contract Name	Contract Address
Ethereum	ParallelizerUSDp	0x6efeDDF9269c3683Ba516cb0e2124FE335F262a2
Base	ParallelizerUSDp	0xC3BEF21Ea7dEB5C34CF33E918c8e28972C8048eD
Sonic	ParallelizerUSDp	0xBEFBAe2330186F031b469e26283aCc66bb5F8826
HyperEVM	ParallelizerUSDp	0x1250304F66404cd153fA39388DDCDAec7E0f1707
Avalanche	ParallelizerUSDp	0x41d58951cbd12d4ef49b0437897677bbf5547c80

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Debank l USDp Aggregated Backing