Parasset

Parassets such as PUSD, PETH are generated by protocol collateral and anchor the underlying asset with an intrinsic value of 1:1

## Overview Parasset is a collateralized debt position (CDP) protocol designed to generate stablecoins and synthetic assets anchored to their underlying value through protocol-backed collateral. The primary assets generated by Parasset are PUSD, a USD-pegged stablecoin, and PETH, an ETH-pegged synthetic asset. Rather than relying solely on reserve backing or algorithmic mechanisms, Parasset uses a collateral pool approach where users deposit assets to mint parassets with an enforced 1:1 intrinsic value anchor to their underlying counterpart. The protocol exists to provide an alternative framew