Parallax

1. Summary

Ranks

Liquidity

-

Developer

-

Social

25

Momentum (beta)

0

Stack Rank™

-

Price

$0.002659080000 0.0%

Market Cap

$20,869.00 (#9874)

Supply

/

Tags

Arbitrum Ecosystem

More Metrics

Price
52W High price	$0.44
52W High date	15th Dec 2023 (1 year ago)
All Time High (ATH) Date	7th Mar 2025 (2 months ago)
All Time Low (ATL) Date	7th Mar 2025 (2 months ago)

Supply & Trading Volume
Trading Volume (24h)	$3.00

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Description

Project Overview

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Project Overview

Parallax aims to establish itself as a meta strategy hub, primarily focused on LSDfi (Liquid Staking DeFi) products. The project is building yield and liquidity infrastructure for individuals, DAOs (Decentralized Autonomous Organizations), and protocols.

LSD Yield Products

Parallax's primary focus includes LSD yield products, which encompass vanilla LSDs, LSD stablecoins, and LSD vaults. These products cater to individual users, DAOs, and treasuries.

Platform Components

• Orbital: Yield Optimizer - A yield auto-compounder that reinvests LP tokens to increase the share of the pool and, in turn, the trading fees and APY generated for depositors.

• Andromeda: Multivariant Yield - Indexed Vaults that auto compound all LP rewards. Users can enter vaults using any EVM token and cash out with any EVM token. This allows for diversified yield generation across multiple protocols.

• Supernova: Powering LSDfi - A Meta-LSD vault with customizable percentage allocation, enabling users to invest in one structured product and gain exposure to LSD yields from multiple protocols with one click. Supernova V2 will introduce leverage to supercharge LSD yields via borrowing.

• Black Hole: Liquidity Marketplace - Protocol-Owned Liquidity (POL) marketplace allowing partners to create bonding markets for any token pairs, deepening sticky liquidity and creating secondary markets for bonded tokens.

Key Features

• Composable Strategies: Parallax offers composable strategies and deep liquidity pools to optimize yield generation.
• Customizable Exposure: Users can adjust their exposure to preferred LSD protocols for enhanced control over yield.
• Synergistic Products: The platform is designed to provide synergistic products, making composable yield farming more accessible.

Conclusion

Parallax is focused on providing a comprehensive ecosystem for yield and liquidity infrastructure, primarily through its LSDfi products. The platform aims to cater to a wide range of users by offering customizable and diversified yield strategies.

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