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.
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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.
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Integrations
Company Information
Parallel
Founded: 2021
parallel.fi/
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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?
Parallel works with these users and organization types: Mid Size Business, Small Business, Enterprise, Freelance, Nonprofit, Government, and Startup.
Q: What languages does Parallel support in their product?
Parallel supports these languages: English.
Q: What kind of support options does Parallel offer?
Parallel offers support via online.
Q: What other applications or services does Parallel integrate with?
Parallel integrates with: Avalanche, Ethereum, Kusama, MetaMask, Phantom, polkadot{.js}, Polkadot, Polygon, Solana, and Telegram.
Q: What type of training does Parallel provide?
Parallel provides training in the form of documentation.
