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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 Moonpot?

When you invest cryptocurrency in one of our Moonpots, you immediately begin accruing daily interest on your holdings. Your contribution also qualifies you for a weekly lottery, providing everyone involved a chance to win significant prizes, all distributed in cryptocurrency. Therefore, your deposit functions as an entry ticket for potential winnings, and even if luck isn't on your side, you can still withdraw your original investment along with any interest that has accumulated. All funds are combined to generate attractive yields and rewards for participants. Half of the generated profits are returned to users as interest, while the remaining portion is allocated to the prize pool. You have the option to diversify your investment by distributing your tokens across different blockchains within our lucrative Pots, which are supported by Beefy. Each week, smart contracts randomly choose fortunate winners to share the prizes accumulated from the past week's activities. With millions of dollars already awarded and new chances to win daily, participating in this system is both thrilling and beneficial. This innovative structure guarantees that every deposit not only contributes to individual earnings but also amplifies the excitement of the experience. Additionally, the more you engage, the more opportunities you have to reap rewards within this dynamic ecosystem.

Media

Media

Integrations Supported

MetaMask
Avalanche
BNB Smart Chain (BSC)
Binance Web3 Wallet
Ethereum
Kusama
MathWallet
Phantom
Polkadot
Polygon
SafePal
Solana
Telegram
Trust Wallet
WalletConnect
polkadot{.js}

Integrations Supported

MetaMask
Avalanche
BNB Smart Chain (BSC)
Binance Web3 Wallet
Ethereum
Kusama
MathWallet
Phantom
Polkadot
Polygon
SafePal
Solana
Telegram
Trust Wallet
WalletConnect
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

Moonpot

Company Location

United States

Company Website

moonpot.com

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