Level (CDP) is a perpetual exchange that uses programmatic yield-bearing liquidity to facilitate trading. Parallel (CDP) is an autonomous stablecoin infrastructure designed for agent economies. They differ in focus: Level targets traders seeking efficient perpetual swaps, while Parallel serves developers building autonomous agent systems. Level suits active crypto traders; Parallel suits builders of decentralized agent-based applications.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $566.7KDefiLlama | — |
| MCap Rank | #5328 | #1966 |
| Total Raised | $6.2M | $85.0M |
| Founded | 2024 | 2021 |
| Stage | — | — |
| X / Twitter | 32K | 1K |
| GitHub Stars | 17 | 7 |
| Chains | arbitrumbnb-chainethereum | avalanchebaseethereum |
| Tags | Restaking, Stablecoin Protocol, DeFi | Gaming, Card Games, Gaming |
Level Finance is a decentralized perpetual exchange on the BNB Chain, offering capital-efficient liquidity and risk management for traders. It also operates a yield-bearing stablecoin protocol on Ethereum that generates passive income from deposited USDT and USDC. The project has facilitated over $25 billion in total trading volume since 2022.
Parallel is a modular, over-collateralized stablecoin protocol that lets users mint stablecoins against yield-bearing assets. It focuses on clean failure modes for AI agents, setting spending boundaries exclusively through funded wallet balances, not configurable limits.