Parasset, incubated by NEST LABS, will launch Public Beta on May May-07–2021 07:00 AM +UTC

ParassetCore team announced on GitHub that Parasset v1.0 will release on Ethereum mainnet on May May-07–2021 07:00 AM +UTC and open for public testing simultaneously. The mainnet contract address will be announced in the future.

In addition, early participants will receive a certain number of ASET airdrops.

Parasset is a kind of synthetic asset based on the decentralized price oracle NEST Protocol, which is now fully docked to NEST v3.6. Parasset is generated through protocol collateral, anchoring the underlying asset with an intrinsic value of 1:1, such as PUSD, PETH, PBTC, etc.

The launch of Parasset will further improve the NEST ecosystem, providing lending, native asset collateralization, insurance pools and other multiple functions in DeFi world.