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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

Carefully handpicked by a decentralized community of economically incentivised talent. Maximize returns with active yield-generating strategies behind the scenes. Staking, lending, yield-farming - completely automated. Accessible. Save 97% of the minting gas costs by using the community Oven. Secure architecture and fully audited contracts. A complete redesign of the governance system with token holders in mind: vote on key DAO matters and get compensated for your work every month. Our products do what they say on the tin: diversify your portfolio and make you money. That is why we propose to actively manage our own treasury, generating more revenue from liquidity pools across Balancer, Uniswap, Curve, and Sushiswap.

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 in need of a decentralized exchange 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 Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

Company Information

Parallel
Founded: 2021
parallel.fi/

Company Information

PieDAO
Founded: 2020
www.piedao.org

Alternatives

TrueFi

TrueFi

TrustToken

Alternatives

Yearn

Yearn

yearn.finance
Cream

Cream

C.R.E.A.M. Finance

Categories

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

Categories

Integrations

MetaMask Supported
1inch Not Supported
Avalanche Supported
Balancer Not Supported
Chainlink Not Supported
Compound Not Supported
Curve Finance Not Supported
DeBank Not Supported
DeepDAO Not Supported
Kusama Supported
Loopring Not Supported
Phantom Supported
Polkadot Supported
Synthetix Not Supported
Telegram Supported
Token Terminal Not Supported
WalletConnect Not Supported
Zapper Not Supported
Zerion Not Supported
polkadot{.js} Supported

Integrations

MetaMask Supported
1inch Supported
Avalanche Not Supported
Balancer Supported
Chainlink Supported
Compound Supported
Curve Finance Supported
DeBank Supported
DeepDAO Supported
Kusama Not Supported
Loopring Supported
Phantom Not Supported
Polkadot Not Supported
Synthetix Supported
Telegram Not Supported
Token Terminal Supported
WalletConnect Supported
Zapper Supported
Zerion Supported
polkadot{.js} Not Supported
Claim Parallel and update features and information
Claim Parallel and update features and information
Claim PieDAO and update features and information
Claim PieDAO and update features and information