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What is Parallel?

Parallel seeks to transform the landscape of decentralized finance (DeFi) by developing a secure and intuitive platform that ensures vital financial services are available to all individuals. Users can simply supply their assets to enjoy optimized yields without grappling with the usual complexities of DeFi, all while operating in a secure and decentralized framework. Our groundbreaking solution presents a distinctive financial tool for staked DOT, allowing participants to earn interest through staking without losing liquidity, thus sidestepping lengthy lockups and unlocking delays; this innovative tool is referred to as xDOT. With the introduction of xDOT, lenders can accumulate interest income, whereas borrowers can use their DOT to access loans in stablecoins, which means they do not have to liquidate their DOT holdings. The Parallel lending protocol adopts a pool-based model to gather assets contributed by users, establishing a DOT, sDOT, and USDT pool where participants can deposit their assets and receive competitive interest rates. This all-encompassing lending solution not only boosts liquidity but also promotes wider participation in the DeFi space. At its core, Parallel is dedicated to making financial services more accessible and efficient for everyone involved, paving the way for a more inclusive financial future. Through these innovations, Parallel aims to empower individuals in managing their financial resources with ease and confidence.

What is AscendEX?

As a global hub for digital asset trading, users can actively buy and sell Bitcoin, Ethereum, USDT, and numerous altcoins. By enrolling in the ASD Investment Product, participants can join a distribution pool that corresponds to their share, while depositing ASD (formerly BTMX) enables them to earn leading cryptocurrencies daily as returns. The platform simplifies borrowing and repayment through direct trading, offering interest-free transactions every eight hours, and users can effortlessly close all positions with just one click. Holding ASD grants access to lower VIP fees, and features like instant unbonding, compound mode, and staked assets can serve as margin collateral. AscendEX, which rebranded from BitMax, has launched a cutting-edge tiered VIP fee and rebate system aimed at benefiting both traders and ASD holders, thereby enriching the trading experience within its ecosystem. These VIP tiers are organized with discounts relative to standard trading fees and are based on either the trailing 30-day trading volume in USDT across various asset categories or the average unlocked ASD holdings during that timeframe. This rewarding structure not only appreciates loyalty but also motivates participants to increase their trading volumes, fostering a vibrant atmosphere for all users involved, encouraging them to explore new trading strategies and participate more actively in the platform’s offerings.

Media

Media

Integrations Supported

Solana
Algorand
Banxa
CoinMarketCap
CoinStats
CoinTracking
CryptoTax360°
Ethereum
Harmony
Hedgehog
Hummingbot
Koinly
Orderly Network
Polkadot
Polygon
Radix
ZenLedger
iMe
margin
polkadot{.js}

Integrations Supported

Solana
Algorand
Banxa
CoinMarketCap
CoinStats
CoinTracking
CryptoTax360°
Ethereum
Harmony
Hedgehog
Hummingbot
Koinly
Orderly Network
Polkadot
Polygon
Radix
ZenLedger
iMe
margin
polkadot{.js}

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Parallel

Date Founded

2021

Company Website

parallel.fi/

Company Facts

Organization Name

AscendEX

Date Founded

2018

Company Location

Singapore

Company Website

ascendex.com

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