Yearn

Yearn

yearn.finance
+
+

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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

Yearn Finance is a suite of products in Decentralized Finance (DeFi) that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain. The protocol is maintained by various independent developers and is governed by YFI holders. The first Yearn product was a lending aggregator. Funds are shifted between dYdX, AAVE, and Compound automatically as interest rates change between these protocols. Users can deposit to these lending aggregator smart contracts via the Earn page. This product completely optimizes the interest accrual process for end-users to ensure they are obtaining the highest interest rates at all times among the platforms specified above. Capital pools that automatically generate yield based on opportunities present in the market. Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise.

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

Decentralized Finance for crypto traders

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

yearn.finance
Founded: 2020
yearn.finance/

Alternatives

TrueFi

TrueFi

TrustToken

Alternatives

Compound

Compound

Compound Finance
Yearn

Yearn

yearn.finance
Cream

Cream

C.R.E.A.M. Finance
Cream

Cream

C.R.E.A.M. Finance
TrueFi

TrueFi

TrustToken

Categories

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

Categories

Crypto Staking Supported
DApps Supported
DeFi Projects Supported
Yield Farms Supported

Integrations

1inch Not Supported
APY.vision Not Supported
Avalanche Supported
CoinLedger Not Supported
DeepDAO Not Supported
Frax Not Supported
Kriptomat Not Supported
Kusama Supported
MetaStreet Not Supported
Multifarm Not Supported
Phantom Supported
Plasma.Finance Not Supported
Polygon Supported
Solana Supported
Token Terminal Not Supported
Zapper Not Supported
rotki Not Supported

Integrations

1inch Supported
APY.vision Supported
Avalanche Not Supported
CoinLedger Supported
DeepDAO Supported
Frax Supported
Kriptomat Supported
Kusama Not Supported
MetaStreet Supported
Multifarm Supported
Phantom Not Supported
Plasma.Finance Supported
Polygon Not Supported
Solana Not Supported
Token Terminal Supported
Zapper Supported
rotki Supported
Claim Parallel and update features and information
Claim Parallel and update features and information
Claim Yearn and update features and information
Claim Yearn and update features and information