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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 CYBAVO?

CYBAVO is a company dedicated to safeguarding digital assets, founded by leading figures in both the security and cryptocurrency sectors. With over two decades of high-level experience in cybersecurity, they aim to deliver state-of-the-art security solutions tailored for digital asset custodians. Their deep knowledge of cybersecurity, decentralized systems, and blockchain technology enables them to support blockchain firms through enterprise-grade crypto wallet management services fortified by cutting-edge technology. A sophisticated cryptographic framework ensures the protection of private keys while significantly reducing the risk of key loss. By employing a shared responsibility model, the potential for an attacker to gain access is drastically minimized, requiring the compromise of at least three separate entities. Security remains the cornerstone of their solution, encompassing everything from the operating system to the programming language, along with stringent enforcement of transaction policies. Furthermore, CYBAVO's commitment to innovation ensures that they consistently evolve their security measures in response to the ever-changing landscape of digital threats.

Media

Media

Integrations Supported

Ethereum
Polkadot
Polygon
Solana
Arbitrum
Avalanche
CipherTrace
HTX
Kusama
MetaMask
OKCoin
Optimism
Phantom
Scorechain
Sepior
TRON
Telegram
WalletConnect
polkadot{.js}

Integrations Supported

Ethereum
Polkadot
Polygon
Solana
Arbitrum
Avalanche
CipherTrace
HTX
Kusama
MetaMask
OKCoin
Optimism
Phantom
Scorechain
Sepior
TRON
Telegram
WalletConnect
polkadot{.js}

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

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

CYBAVO

Date Founded

2018

Company Location

Singapore

Company Website

www.cybavo.com

Categories and Features

AML

Behavioral Analytics
Case Management
Compliance Reporting
Identity Verification
Investigation Management
PEP Screening
Risk Assessment
SARs
Transaction Monitoring
Watch List

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