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About

Parallel's mission is to innovate and bring DeFi to the next level. We are creating the most secure and easy-to-use decentralized platform to empower everyone access to financial services. Simply supply the assets, we optimize the best yield for you and you don't have to do all the complicated DeFi stuff, in a secure and decentralized way. Our platform introduces a new financial primitive for staked DOT, which allows users to accrue interest from staking while still having a liquid asset not subject to lockups or lengthy unlock periods. This staked DOT financial primitive will be referred to as xDOT. Lenders will be able to earn interest income on their xDOT, and borrowers will be able to get loans against their DOT denominated in stable coins without selling their DOT. The Parallel lending protocol uses a pool-based strategy that aggregates each user's supplied assets. This lending protocol will have a DOT, sDOT, and USDT pool where users can deposit their assets and earn interest.

About

A cross-chain borrowing and lending protocol for NFTs, liquidity positions, and synthetic assets, powered by the Cardano blockchain. As DeFi moves forward, innovators are uncovering transformational ways to store and represent value on-chain. Paribus’ mission is to unlock the true potential of these assets, evolving them into interoperable financial instruments, capable of being used within DeFi protocols, on any chain. DeFi is consuming the traditional investment landscape and bringing new utility to areas that have remained unchanged for decades. Paribus is the protocol that brings all of these forces together, offering DeFi holders and investors a platform to extend the reach of their digital assets and positions, doubling down on their earning power.

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Audience

Professionals and anyone searching for a solution to manage their digital assets and blockchains

Audience

Anyone searching for a cross-chain borrowing and lending protocol solution

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported

API

Offers API Not Supported

API

Offers API Not Supported

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

Training

Documentation Not Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

Company Information

Parallel
Founded: 2021
parallel.fi/

Company Information

Paribus
Founded: 2020
paribus.io

Alternatives

TrueFi

TrueFi

TrustToken

Alternatives

Yearn

Yearn

yearn.finance
Taker

Taker

Taker Protocol
Cream

Cream

C.R.E.A.M. Finance
ForTube

ForTube

The Force Protocol

Categories

Crypto Staking Supported
DApps Supported
DeFi Projects Supported
DeFi Tools Supported
Yield Farms Supported

Categories

DApps Supported
DeFi Projects Supported

Integrations

Avalanche Supported
Cardano Not Supported
Ethereum Supported
Kusama Supported
MetaMask Supported
Phantom Supported
Polkadot Supported
Polygon Supported
Solana Supported
Telegram Supported
polkadot{.js} Supported

Integrations

Avalanche Not Supported
Cardano Supported
Ethereum Not Supported
Kusama Not Supported
MetaMask Not Supported
Phantom Not Supported
Polkadot Not Supported
Polygon Not Supported
Solana Not Supported
Telegram Not Supported
polkadot{.js} Not Supported
Claim Parallel and update features and information
Claim Parallel and update features and information
Claim Paribus and update features and information
Claim Paribus and update features and information