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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 DeFi Saver?

An all-encompassing management application tailored for decentralized finance streamlines operations by automatically recalibrating your position to uphold a designated ratio, thus protecting it from liquidation while allowing adjustments to leverage in reaction to market changes. Featuring intuitive tools like Boost and Repay, users can easily amplify their leverage or pay off debts with a single click. Moreover, the app facilitates the conversion of collateral or borrowed assets and allows for the seamless transfer of positions to different protocols, all executed in one transaction. The Smart Savings function quickly directs users to the best lending interest rates available across a variety of leading DeFi platforms. In addition, liquidity for assets like ETH and Dai is sourced from multiple decentralized exchanges, enabling management of several well-known DeFi protocols from a single interface. The application also accommodates various wallet types, such as MetaMask, hardware, and mobile wallets, providing users with a flexible experience. Consequently, this application is indispensable for anyone aspiring to proficiently and effectively navigate the complex world of DeFi. By integrating these features, it empowers users to take full advantage of the decentralized finance ecosystem.

Media

Media

Integrations Supported

Ethereum
MetaMask
Avalanche
Base App
Fortmatic
Kusama
Ledger
Liquity
Phantom
Polkadot
Polygon
Solana
Telegram
Trezor
WalletConnect
WalletLink
Zapper
polkadot{.js}

Integrations Supported

Ethereum
MetaMask
Avalanche
Base App
Fortmatic
Kusama
Ledger
Liquity
Phantom
Polkadot
Polygon
Solana
Telegram
Trezor
WalletConnect
WalletLink
Zapper
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

Decenter

Date Founded

2017

Company Location

Serbia

Company Website

defisaver.com

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