Parallel vs. TrueFi Comparison


Parallel	TrueFi TrustToken	+	+
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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 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 Lenders who need a DeFi protocol for on-chain lending with high yields and borrowing without collateral
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 TrustToken Founded: 2017 United States truefi.io
Alternatives ALEX	Alternatives Truebit
TrueFi TrustToken	Alpaca Finance
BENQI	Parallel
Yearn yearn.finance	Apricot
Cream C.R.E.A.M. Finance View All	Solend View All
Categories Crypto Lending (DeFi) Crypto Staking DApps DeFi Projects DeFi Tools Yield Farms	Categories Crypto Lending (DeFi) Crypto Staking DApps DeFi Projects Yield Farms

Integrations MetaMask Aave Avalanche CoinList Ethereum ImmuneBytes Kusama NEAR Phantom Polkadot Polygon Solana Telegram WalletConnect polkadot{.js} vfat.tools Show More Integrations View All 10 Integrations	Integrations MetaMask Aave Avalanche CoinList Ethereum ImmuneBytes Kusama NEAR Phantom Polkadot Polygon Solana Telegram WalletConnect polkadot{.js} vfat.tools Show More Integrations View All 7 Integrations
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