Parity Dollar: Stablecoin
with 30% yield
Join us in building the world of individual financial sovereignty and universal access to high quality and hard currency based digital cash and deposits
Universal Digital Cash is PUSD, and sPUSD is the Universal Deposit Token
We envision a world where high-quality and secure digital cash and deposit products are universally accessible. Our goal with PUSD and sPUSD, the universal deposit token, is to empower hundreds of millions of people with better financial tools and opportunities
Reserves
Backed by fully hedged staked-SOL and JLP positions to ensure the $-peg, the protocol generates yield from two sources: hedged Jupiter Liquidity Provider (JLP) tokens and Solana Basis Trade. In a bear market, the protocol systematically unwinds positions into US treasuries, ensuring the safety and stability of reserves.
High Yield
Offers a 30% USD yield in a neutral market environment, sustainably derived from staking and funding fees. In addition to highly attractive USD staking, the protocol offers Parity-Token staking, allowing users to receive Parity Tokens at low FDVs in a fair, transparent, and straightforward manner.
Governance
Reserves are held in a Special Purpose Vehicle (SPV) with a separate balance sheet and accounts. SPV directors oversee operations, upholding their fiduciary duty to safeguard Parity Dollar reserves. Parity’s governance processes have been audited by multiple reputable firms.
Risk Management
Parity Protocol uses a proprietary risk engine to maintain strict delta-neutrality and manage liquidity. In a bear market, the protocol systematically unwinds positions into Franklin Templeton’s BENJI token, which serves as the protocol’s safety net layer.
Sustainable Yield
generation
The Protocol's infrastructure layer taps into two primary yield sources — the $30+bn crypto funding and staking fee pools — to safely support the yield of Parity Dollar.
Hedged JLP Trade
The Jupiter Liquidity Provider (JLP) token powers the Jupiter Perps DEX, with holdings hedged on CEXes for optimal performance. Investors earn from JLP trading fees and hedging returns, with expected returns of 20-40% at 30-50% pool utilization rates.
- 20-40% Expected Returns
Solana Basis Trade
Hold SOL LSTs while shorting SOL perps to earn a combined expected return of 20% (8% staking + 12% funding fees) in a neutral market. With major CEXes launching SOL LSTs in September, the SOL Basis trade will become 20x more scalable.
- 20% Expected Returns
The Roadmap
October
We have launched on the mainnet in early October. The Parity Protocol minting & staking contracts are now available for whitelisted addresses.November
Our goal is to acquire $50m+ TVL whilst we are still in “private mode” before the end of the year.December
Once we reach $50-100m TVL, the protocol will open up to the public, which we expect to happen around the year end.Future
Our composability, liquidity, and utility will continue to grow, unlocking new integrations and use cases. We expect the protocol to be TGE ready once we reach $300-500m in TVL early next year.Our Team Consists Of
Visionaries
Our founder is an alumnus of J.P. Morgan and Goldman Sachs, bringing over 10 years of experience in traditional finance to the world of blockchain technology.
Infrastructure Builders
Our team of highly experienced Solana engineers has been building on Solana for over four years, successfully completing numerous projects.
Trade Masters
Our Trade Masters, with PhD backgrounds from academia and experience at leading trading firms on Wall Street, apply straightforward strategies to expertly manage the reserves backing our stablecoin.
Security & Risk Experts
We have completed a number of security and risk reviews with top-tier partners to ensure the highest standards of protection.
Share in the Project's Success
- The crypto space has often limited value creation to VCs and insiders. We believe everyone must have the chance to share in Parity's success.
- We're committed to transparency and fairness. That's why we won't be running opaque points programs. Instead, we're offering everyone the chance to be rewarded in Parity Tokens at attractive prices, starting at $50M FDV, through principal-protected staking (i.e., at no cost to users).
- The protocol is currently in private beta. Subscribe for updates!