Audience

Professionals and anyone searching for a solution to manage their digital assets and blockchains

About Parallel

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.

Other Popular Alternatives & Related Software
Cream
Cream
CREAM Finance is a DeFi ecosystem focused on providing lending, exchange, payment, and asset tokenization services. CREAM also operates a permissionless and open-source protocol so any other internet participant can be a part of the development of the network, instead of just using it or locking up funds in smart contracts for staking rewards. Financial inclusion is among CREAM'S primary goals. And the objective is to be able to achieve it without compromising the safety and security of each user and their assets. CREAM is established on the Ethereum blockchain, it can take advantage of smart contracts that can be used to run Ethereum Virtual Machines (EVM). Such a set-up also allows the CREAM project to have better composability than other DeFi projects. EVMs can also help community users develop their own decentralized applications (Dapps) on top of the network. However, there is very little detail on the community’s plans for such at the moment
Learn more
ALEX
ALEX
Bring your Bitcoin to life, launch new projects, earn interest, rewrite finance, and reinvent culture. Liquidity bootstrapping for emerging project token launches. Fixed-rate and fixed-term lend/borrow, without risk of liquidation. Decentralized token exchange with AMM and order book. Obtaining high returns through yield farming. Trade your digital assets, and provide liquidity and earn. Fixed-rate and fixed-term lending and borrowing. ALEX Launchpad is a decentralized platform for projects on Stacks to access community funding and the resources of the ecosystem. At ALEX, we build DeFi primitives targeting developers looking to build an ecosystem on Bitcoin, enabled by Stacks. As such, we focus on trading, lending, and borrowing crypto assets with Bitcoin as the settlement layer and Stacks as the smart contract layer. At the core of this focus is the automated market-making ("AMM") protocol.
Learn more
TrueFi
TrueFi
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.
Learn more
BENQI
BENQI
Effortlessly supply, borrow and earn interest on your digital assets. Stake AVAX on BENQI's liquid staking protocol and freely utilize it within powerful decentralized finance applications. Supply any amount on our algorithmic liquidity market to start earning interest today. Audits and security measures. Continuous audits and security measures to protect the protocol. BENQI is a Decentralized Finance (DeFi) liquidity market protocol, built on Avalanche. The BENQI Protocol consists of BENQI Liquidity Market (BLM) and BENQI Liquid Staking (BLS). The BENQI Liquidity Market (BLM) protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol earn yield, while borrowers are able to borrow in an over-collateralized manner. The BENQI Liquid Staking (BLS) protocol is a liquid staking solution that tokenizes staked AVAX to grant users the ability to utilize the yield-bearing asset.
Learn more

Integrations

See Integrations

Ratings/Reviews

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

Company Information

Parallel
Founded: 2021
parallel.fi/

Videos and Screen Captures

Parallel Screenshot 1
Parallel Screenshot 1 Parallel Screenshot 2 Parallel Screenshot 3 Parallel Screenshot 4 Parallel Screenshot 5 Parallel Screenshot 6
Other Useful Business Software
Cut Data Warehouse Costs by 54% Icon
Cut Data Warehouse Costs by 54%

Easily migrate from Snowflake, Redshift, or Databricks with free tools.

BigQuery delivers 54% lower TCO with exabyte scale and flexible pricing. Free migration tools handle the SQL translation automatically.
Try Free

Product Details

Platforms Supported
Cloud
Training
Documentation
Support
Online

Parallel Frequently Asked Questions

Q: What kinds of users and organization types does Parallel work with?
Q: What languages does Parallel support in their product?
Q: What kind of support options does Parallel offer?
Q: What other applications or services does Parallel integrate with?
Q: What type of training does Parallel provide?

Parallel Product Features