Blade

The dApp (decentralized application) is designed to take advantage of Solana's low cost, high efficiency blockchain; allowing the vault strategies to compound frequently. This benefits farmers with higher APYs, not requiring active management, and lower gas fees. We also integrated leveraged yield farming & lending pools into the platform, providing an investment with suitable risk rewards for any DeFi user. Tulip Protocol currently offers three types of yield products, “Vaults”, “Lending” & “Leveraged Farming”. You can jump to the relevant segment of the gitbook docs, that explains the one you are most interested in!

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.