Parallel vs. Solend Comparison


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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 Solend is the leading algorithmic, decentralized protocol for lending and borrowing on Solana. Anyone with an internet connection can earn interest by lending their assets, and can use their deposits as collateral for borrowing.
Platforms Supported Windows Mac Linux Cloud On-Premises iPhone iPad Android Chromebook	Platforms Supported Windows Mac Linux Cloud On-Premises iPhone iPad Android Chromebook
Audience Professionals and anyone searching for a solution to manage their digital assets and blockchains	Audience Users looking for an algorithmic, decentralized protocol for lending and borrowing on Solana
Support Phone Support 24/7 Live Support Online	Support Phone Support 24/7 Live Support Online
API Offers API	API Offers API
Screenshots and Videos View more images or videos	Screenshots and Videos View more images or videos
Pricing No information available. Free Version Free Trial	Pricing No information available. Free Version Free Trial
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 Webinars Live Online In Person	Training Documentation Webinars Live Online In Person
Company Information Parallel Founded: 2021 parallel.fi/	Company Information Solend Founded: 2021 solend.fi/
Alternatives ALEX	Alternatives Apricot
Cream C.R.E.A.M. Finance	Parallel
DeFiato	Aave
TrueFi TrustToken	Venus
Yearn yearn.finance View All	TrueFi TrustToken View All
Categories Crypto Lending (DeFi) Crypto Staking DApps DeFi Projects DeFi Tools Yield Farms	Categories Crypto Lending (DeFi) DApps DeFi Projects Yield Farms

Integrations Solana Avalanche Ethereum Kusama MetaMask Phantom Polkadot Polygon (Matic) Switchboard Telegram polkadot{.js} Show More Integrations View All 10 Integrations	Integrations Solana Avalanche Ethereum Kusama MetaMask Phantom Polkadot Polygon (Matic) Switchboard Telegram polkadot{.js} Show More Integrations View All 2 Integrations
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