Ratings and Reviews 0 Ratings

Total
ease
features
design
support

This software has no reviews. Be the first to write a review.

Write a Review

Ratings and Reviews 0 Ratings

Total
ease
features
design
support

This software has no reviews. Be the first to write a review.

Write a Review

Alternatives to Consider

  • Zengo Wallet Reviews & Ratings
    413 Ratings
    Company Website
  • Nexo Reviews & Ratings
    15,878 Ratings
    Company Website
  • YouHodler Reviews & Ratings
    27 Ratings
  • Blockdaemon Reviews & Ratings
    2 Ratings
    Company Website
  • Kryptos Reviews & Ratings
    23 Ratings
    Company Website
  • LoanPro Reviews & Ratings
    110 Ratings
    Company Website
  • CREDITONLINE Reviews & Ratings
    16 Ratings
    Company Website
  • 1 Rating
    Company Website
  • CoinStats Reviews & Ratings
    101,022 Ratings
    Company Website
  • Plaid Reviews & Ratings
    107 Ratings
    Company Website

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 Maple?

At Maple, elite credit specialists oversee vibrant lending operations where funds are pooled and distributed to premier cryptocurrency assets. A diverse array of liquidity pools is consistently expanding for lenders to participate in. Forward-thinking professionals and investors are drawn to Maple with the intention of jointly redefining the financial landscape. The platform’s uncollateralized lending model significantly empowers businesses. The process of issuing on-chain financing terms has been made faster and more efficient than ever. While Maple transforms the debt market, it also upholds conventional practices of due diligence and credit assessment. The system has been redesigned to enhance both efficiency and user experience. Maple ensures that borrowers receive financing that is both clear and effective, all managed on-chain. For lenders, Maple offers a dependable avenue for sustainable returns by enabling loans to an array of well-established cryptocurrency pools. Pool Delegates are responsible for managing these pools, meticulously assessing and establishing terms in collaboration with borrowers, thus guaranteeing a well-regulated lending environment. This innovative strategy not only improves the overall experience for lenders and borrowers but also fosters a collaborative ecosystem that encourages growth and innovation in the cryptocurrency sector.

Media

Media

Integrations Supported

Ethereum
Solana
Avalanche
Kusama
Meow
MetaMask
Phantom
Polkadot
Polygon (Matic)
Telegram
polkadot{.js}

Integrations Supported

Ethereum
Solana
Avalanche
Kusama
Meow
MetaMask
Phantom
Polkadot
Polygon (Matic)
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

Maple

Date Founded

2020

Company Location

Australia

Company Website

maple.finance/

Categories and Features

Popular Alternatives

Popular Alternatives

TrueFi Reviews & Ratings

TrueFi

TrustToken
Cream Reviews & Ratings

Cream

C.R.E.A.M. Finance
Yearn Reviews & Ratings

Yearn

yearn.finance