Parallel vs. TrueFi 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 Meet TrueFi, the DeFi protocol for uncollateralized lending. Earn high yields on stablecoin loans and borrow capital without collateral. We’re proud to introduce TrueFi, a protocol for uncollateralized lending, and TRU, the native token used for staking and voting on loan requests. The goal of TrueFi is to bring uncollateralized lending to DeFi. This helps cryptocurrency lenders enjoy attractive, sustainable rates of return, while giving cryptocurrency borrowers predictable loan terms without requiring collateral. Importantly, all lending and borrowing activity on TrueFi is fully transparent, allowing lenders to fully understand participating borrowers and flows of funds engaging with TrueFi. Lenders (like you) add TrueUSD into a TrueFi pool to be used for lending, earning interest and farming TRU. Any unused capital is sent into the Curve protocol to maximize earnings. Borrowers (like OTC desks, exchanges, and other protocols) submit proposals to borrow capital from the pool.
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 Lenders who need a DeFi protocol for on-chain lending with high yields and borrowing without collateral
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 View more images or videos	Screenshots and Videos View more images or 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 Supported In Person Not Supported
Company Information Parallel Founded: 2021 parallel.fi/	Company Information TrustToken Founded: 2017 United States truefi.io
Alternatives TrueFi TrustToken	Alternatives Truebit
ALEX	Parallel
Yearn yearn.finance	Apricot Apricot Lend
Cream C.R.E.A.M. Finance	Solend
Opium Finance View All	Nostra Finance Nostra View All
Categories Crypto Lending (DeFi) Supported Crypto Staking Supported DApps Supported DeFi Projects Supported DeFi Tools Supported Yield Farms Supported	Categories Crypto Lending (DeFi) Supported Crypto Staking Supported DApps Supported DeFi Projects Supported Yield Farms Supported

Integrations MetaMask Supported Aave Not Supported Avalanche Supported CoinList Not Supported Ethereum Supported ImmuneBytes Not Supported Kusama Supported NEAR Not Supported Phantom Supported Polkadot Supported Polygon Supported Solana Supported Telegram Supported WalletConnect Not Supported polkadot{.js} Supported vfat.tools Not Supported Show More Integrations View All 10 Integrations	Integrations MetaMask Supported Aave Supported Avalanche Not Supported CoinList Supported Ethereum Not Supported ImmuneBytes Supported Kusama Not Supported NEAR Supported Phantom Not Supported Polkadot Not Supported Polygon Not Supported Solana Not Supported Telegram Not Supported WalletConnect Supported polkadot{.js} Not Supported vfat.tools Supported Show More Integrations View All 7 Integrations
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