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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

Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an over-collateralised manner. Vires.finance utilizes common pool-based mechanics where all funds deposited participate in interest-bearing activities equally. Being based on Waves Blockchain, it utilizes extremely low fees(~only few cents per transaction) making it highly attractive for both high and low-volume deposits and loans. In order to use the service, you simply supply your preferred assets. After supplying, you will earn passive income based on the market borrowing demand. Depositing assets allows you to borrow other assets by using your deposited assets as collateral. Additionally, some tokens(for example, WAVES and USDN) are safely staked within the ecosystem to earn additional income for the depositors.

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 decentralized non-custodial liquidity protocol solution where users, wallets and dapps can participate as depositors or borrowers

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

Vires.Finance
vires.finance/

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

DApps Supported
DeFi Projects Supported
Yield Farms Supported

Integrations

MetaMask Supported
Avalanche Supported
Ethereum Supported
Keeper Wallet Not Supported
Kusama Supported
Ledger Not Supported
Phantom Supported
Polkadot Supported
Polygon Supported
Solana Supported
Telegram Supported
Waves Not Supported
polkadot{.js} Supported

Integrations

MetaMask Supported
Avalanche Not Supported
Ethereum Not Supported
Keeper Wallet Supported
Kusama Not Supported
Ledger Supported
Phantom Not Supported
Polkadot Not Supported
Polygon Not Supported
Solana Not Supported
Telegram Not Supported
Waves Supported
polkadot{.js} Not Supported
Claim Parallel and update features and information
Claim Parallel and update features and information
Claim Vires.Finance and update features and information
Claim Vires.Finance and update features and information