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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 Nektar Finance?

Nektar operates as a decentralized marketplace that connects operators, networks, and delegators, ensuring that their infrastructure and liquidity needs are met effectively. By leveraging lucrative revenue streams, operators can optimize the performance of their current setups. Networks stand to gain by enhancing liquidity, attracting new operators, and reinforcing the loyalty of existing ones. Delegators can seize the opportunity to increase their rewards by diversifying their investments across a wide array of tokens. The applications of Nektar are extensive, covering areas such as infrastructure, which provides access to hardware resources to improve computational power or to decentralize existing distributed networks; liquidity, which involves sourcing and supplying funds to cultivate a vibrant decentralized ecosystem; growth, which supports infrastructure development initiatives through customized incentive structures; and shared security, which employs crypto-economic measures to ensure the network's integrity with adequate collateral. Furthermore, Nektar's groundbreaking model fosters collaboration and resource sharing among all participants, contributing to the creation of a more powerful and resilient decentralized system. This interconnected approach not only enhances individual benefits but also strengthens the overall ecosystem, paving the way for sustainable growth and innovation.

Media

Media

Integrations Supported

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

Integrations Supported

Avalanche
Ethereum
Kusama
MetaMask
Phantom
Polkadot
Polygon (Matic)
Solana
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

Nektar Finance

Date Founded

2023

Company Website

nektar.network/

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