Parasset
1. Summary
- Description
-
Parasset is an innovative collateralization lending/synthetic asset protocol that creates new platform services for various on-chain assets. This protocol allows users to mint parallel assets (p-assets), such as pETH, pUSD, and other assets, by collateralizing NEST, ETH, and other assets. By open sourcing all protocol modules and interface APIs, Pa...
Parasset is an innovative collateralization lending/synthetic asset protocol that creates new platform services for various on-chain assets. This protocol allows users to mint parallel assets (p-assets), such as pETH, pUSD, and other assets, by collateralizing NEST, ETH, and other assets. By open sourcing all protocol modules and interface APIs, Parasset aims to provide a comprehensive system for native assets and build a wide range of on-chain applications.
Functionalities
- Collateralization: Users can collateralize various assets to mint p-assets, which are designed to maintain an intrinsic value identical to their underlying assets.
- Lending: Liquidation and lending processes are integrated to mitigate downtime and liquidation risks in the event of price fluctuations.
- Risk Management: The protocol considers risks such as code vulnerabilities, oracle inaccuracies, and market volatility to ensure that all users understand and manage these risks accordingly.
- Insurance Funds: Parasset employs insurance funds to manage potential losses in extreme situations, ensuring that risk exposures are minimized.
Key Features
- PAR Assets: These parallel assets are generated by the protocol collateral and mirror the underlying assets with a 1:1 intrinsic value.
- Decentralized Oracle: Parasset’s decentralized oracle ensures accurate price feeds and reduces the risk of manipulation.
- On-Chain Applications: The protocol aims to create a robust platform for various on-chain applications, providing users with a seamless experience in minting, managing, and utilizing p-assets.
Purpose and Focus
Parasset’s primary objective is to establish a comprehensive, decentralized, and secure protocol for collateralization, lending, and risk management, providing users with a flexible and reliable platform for generating and utilizing parallel assets.
| Price | |
| 52W High price | $0.25 |
| 52W High date | 16th Jul 2022 (2 years ago) |
| All Time High (ATH) Date | 5th Sep 2024 (2 months ago) |
| All Time Low (ATL) Date | 5th Sep 2024 (2 months ago) |
| Supply & Trading Volume | |
| Trading Volume (24h) | $74.00 |
How does Parasset's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
25.9%
Similar Market Cap
We're monitoring 10 Parasset GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Parasset Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 0 commits vs. an average of 8
- Past year: 0 commits vs. an average of 113
Most Active Repos
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 93 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 24 |
| Past year | 57 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 7 |
| Past year | 26 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 13 |
| Past year | 13 |
| Past week | 8 |
|---|---|
| Past 12 weeks | 8 |
| Past year | 8 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 3 |
| Past year | 5 |
Top Developers 2024
In total, 12 developers have contributed to Parasset over the past year. Who are the most active Parasset developers, by commits, over the past year?
Related Projects
Developers working on Parasset also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 9,473 |
| Twitter followers | 30,452 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://www.parasset.top |
|---|---|
| Explorer | https://etherscan.io/token/0x139cec55d1ec47493dfa2... |
| @Parasset2021 |
What is the correct contract address for Parasset?
| Ethereum | 0x139cec55d1ec47493dfa25ca77c9208aba4d3c68 |
|---|---|
| Binance-smart-chain | 0x591aaadbc85e19065c88a1b0c2ed3f58295f47df |
Has Parasset been audited for security?
No security audits found for this project.
Are you the owner of Parasset? Edit it here
Subscribe for free
Investment alerts and insights directly in your inbox.
By continuing, you agree to the Stack Terms of Service and Privacy Policy.