Parallel

The Parallel (PAR) stablecoin presents a sharp contrast between its technical robustness and its operational stagnation. On the positive side, the protocol achieves a high Security score (9/10) due to top-tier audits by Quantstamp and a clean history free of exploits, supported by sound Tokenomics (6.5/10) utilizing a standard over-collateralized debt model. However, the project creates significant concern regarding its long-term viability. Active Development is nearly nonexistent (2.5/10), with the repository dormant and the team's focus shifted to the Kuma Protocol. Community Support is weak (3.5/10), characterized by negligible trading volumes and niche engagement. Most critically, the Team and Governance score (3/10) is severely impacted by the reputational baggage of the Mimo/TenX rebranding and serious allegations connecting a co-founder to historical industry hacks. Consequently, while the code is secure and the use case valid, the project effectively operates as a 'zombie' protocol with high reputational and stagnation risks.