Oracle-Free Stablecoin Depeg Coverage

Sleep tight knowing your stablecoin always trades at exactly $1.00

Fully on-chain and immutable, no oracles, no governance decisions, no disputes.

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No wallet required • Early access only

Insurance asks the wrong question.

Traditional DeFi insurance asks: “Did a depeg happen?”

ParProtocol asks: “Do you want to exchange your stablecoin at $1.00?”

By putting users in control, ParProtocol removes oracles, governance votes, and subjective settlement entirely.

Why ParProtocol

Four ways we're different.

No Oracles.

Settlement never depends on price feeds or external data. The user is in full control and decides when to exercise.

No Governance Decisions

No votes, no claims committees, no discretion. Claims settle mechanically on-chain at any time.

Physically Settled Coverage

Coverage is exercised through constrained 1:1 asset swaps directly in the smart contract.

Explicit, Bounded Risk

Both buyers and liquidity providers chose their own risk profile. No surprises.

What You Don't Have to Trust

No price feeds or oracle assumptions
No governance control over settlement
No ability to block exercises or redemptions
No retroactive rule changes
No discretionary intervention

All settlement logic is enforced by immutable smart contracts fully on-chain - whenever you want.

What problem does this solve?

Stablecoins are foundational to DeFi, yet depegs are still an existential risk.

How it is done today

Event-based insurance depends on oracles and governance
Binary outcomes ignore partial or temporary depegs
LPs rarely understand worst-case loss
Coverage buyers face payout uncertainty and delays

ParProtocol puts you in control

You decide when to exercise - nobody decides for you. You swap your stablecoin at exactly $1.00 anytime you want.

Settlement is objective, immediate, and manipulation-resistant — on your own terms.

How it works

Four steps. No jargon.

Buy Coverage

Choose how much stablecoin exposure you want to protect, the downside floor, and the duration.

No hidden fees, you know the full cost upfront.

Receive a Claim

Your coverage is minted as a unique, transferable on-chain claim with immutable parameters.

It waits in your wallet until you need it - or chose to sell it, you are in full control.

Exercise Whenever You Want

If the covered stablecoin trades below par, exercising becomes profitable.

You swap your depegged stablecoin for exactly $1.00.

Otherwise, Nothing Happens

If exercising is not profitable, claims simply expire.

No disputes. No delays. No intervention.

Advantages over traditional DeFi insurance

Settlement is objective and immediate—no oracles, no governance, no adjudication and always 100% collateralized.

No price feeds No governance votes No disputes No discretionary intervention

You decide

You choose when to exercise—full freedom. Settlement is immediate and manipulation-resistant; no oracles or governance in the way.

Known upfront premium

Coverage buyers pay a fixed premium once; no hidden fees, no payout uncertainty or delays.

Known risk profile for LPs

Liquidity providers know their exposure ex ante; no black-box risk models or surprises.

Who ParProtocol is for

Coverage buyers, LPs, claim traders, and integrators—each with a clear role and mental model.

Coverage buyers

Risk hedgers

Who: Sophisticated users, traders and yieldfarmers, DAOs with stablecoin treasuries, funds, yield aggregators.

Why: Cap downside during tail events; avoid oracle and governance risk; pay a known, upfront premium.

“I’m buying protection and sleep well at night.”

Liquidity providers

Risk underwriters

Who: Yield-seeking LPs, DAO treasuries underwriting risk, funds comfortable with tail exposure.

Why: Earn premiums for underwriting depeg risk; know maximum downside ex ante; no black-box risk models.

“I’m selling convex tail risk with capped loss.”

Claim traders

Future extension

Who: Arbitrageurs, volatility traders, structured product builders, depeg speculators.

Why: Tradable depeg convexity, time-decaying risk instruments, exposure without custody. Claims are ERC-721 by design.

Integrators

Wallets & tooling

Who: Wallets, treasury tooling, yield aggregators, structured vaults.

Why: Simple, deterministic primitives; no discretionary settlement; clear composability guarantees.

Protocol pillars

ParProtocol is designed to be transparent, simple, and composable.

Oracle-free No price feeds or governance for settlement

Capital efficient Partial coverage and known max payout

Mechanically simple Tokenized rights, 1:1 swap, time window

Composable Deterministic primitives for integrators

Explicit about risk LP downside and buyer terms are transparent

FAQ

Common questions.

Is this insurance?: No. ParProtocol is not regulated insurance. It provides innovative on-chain coverage primitives that allow users to hedge depeg risk mechanically.
What happens during a depeg?: If exercising coverage is profitable, users swap impaired assets for reference assets at a fixed rate. If not, nothing happens.
Can governance block claims?: No. Governance cannot pause exercises, alter claims, or seize funds.
Are payouts guaranteed?: ParProtocol does not make guarantees. All coverage claims are fully collateralized on-chain at their maximum payout, and can be independently verified. If you exercise a claim before expiry, settlement happens mechanically according to its predefined terms — no discretion, no approvals.
What risks remain?: Generic DeFi & smart contract risks, correlated exercises, liquidity stress, and impaired assets inside vaults during crises.

Start Hedging Stablecoin Depeg Risk

Early access to a new, oracle-free, deterministic coverage primitive.

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