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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 Brokkr?

Investors require a reliable and sustainable framework to secure returns that can withstand varying market conditions. By efficiently distributing user deposits across multiple strategies and protocols, portfolios help diminish the effects of market volatility. With just three easy clicks, users can deposit their funds and keep track of their performance without hassle. This automatic allocation into established strategies guarantees more consistent returns and minimizes fluctuations. At Brokkr, individuals retain ownership of their cryptocurrency, empowering them to oversee deposits and execute withdrawals at their own pace. The community thrives on enthusiasm and support, bound together by a shared goal of harnessing DeFi for a better living experience. Brokkr's tokenomics is carefully designed to enhance value for its users. By taking advantage of Brokkr portfolios, investors can diversify their investments across various avenues. Users have the flexibility to select an unstaking period, allowing them to remain staked until they opt to activate it. Throughout the unstaking phase, individuals continue to earn Staking Rewards as they await their tokens' availability. After the specified unstaking duration is complete, they can either claim their tokens or opt to restake them for additional advantages. This seamless blend of features ensures both adaptability and security in managing digital assets, making it an appealing choice for savvy investors. As the landscape of decentralized finance continues to evolve, Brokkr remains committed to providing innovative solutions that empower its community.

Media

Media

Integrations Supported

MetaMask
Avalanche
Ethereum
Kusama
Phantom
Polkadot
Polygon
Solana
THORChain
Telegram
polkadot{.js}

Integrations Supported

MetaMask
Avalanche
Ethereum
Kusama
Phantom
Polkadot
Polygon
Solana
THORChain
Telegram
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

Brokkr

Company Location

United States

Company Website

brokkr.finance/

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