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

  • Blockdaemon Reviews & Ratings
    2 Ratings
    Company Website
  • Coinbase Reviews & Ratings
    10 Ratings
    Company Website
  • CryptoTab Farm Reviews & Ratings
    6,121 Ratings
    Company Website
  • OORT DataHub Reviews & Ratings
    13 Ratings
    Company Website
  • Capitalcore Reviews & Ratings
    52 Ratings
    Company Website
  • YouHodler Reviews & Ratings
    28 Ratings
  • MindCloud Reviews & Ratings
    20 Ratings
    Company Website
  • Gemini Credit Card Reviews & Ratings
    2 Ratings
    Company Website
  • Zil Money Reviews & Ratings
    672 Ratings
    Company Website
  • Everstage Reviews & Ratings
    3,130 Ratings
    Company Website

What is Squirrel Finance?

Squirrel Finance has unveiled a groundbreaking decentralized insurance offering specifically designed for yield farming on the Binance Smart Chain (BSC), ensuring immediate compensation for users if their funds are locked or stolen. Although events like "rug pulls" or code flaws are uncommon, Squirrel addresses the needs of users who desire extra protection for their investments. The platform functions by wrapping existing farms on BSC with a smart contract, allowing users to deposit into underlying farms like CAKE while continuing their farming activities with the added security of insurance. When a user withdraws funds, Squirrel checks to ensure the returned amount matches the original deposit; if any discrepancies are detected, users receive automatic compensation in NUTS during the same transaction for their insured value. This entire mechanism operates without human intervention, guaranteeing a smooth user experience. By merging decentralized insurance with automatic payouts, Squirrel simplifies the farming process through NUTS insurance, which also acts as the governance token, enabling users to participate in protocol management and earn fees from farm insurance. This innovative method not only enhances asset protection for investors but also fosters a more secure and reliable environment for yield farming activities, paving the way for a more resilient financial ecosystem. Through this initiative, Squirrel Finance is setting new standards in the realm of decentralized finance.

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.

Media

Media

Integrations Supported

MetaMask
Telegram
ApeSwap
Avalanche
BNB Smart Chain (BSC)
Binance Web3 Wallet
Ethereum
Fomo
Kusama
PancakeSwap
Phantom
Polkadot
Polygon (Matic)
Solana
polkadot{.js}

Integrations Supported

MetaMask
Telegram
ApeSwap
Avalanche
BNB Smart Chain (BSC)
Binance Web3 Wallet
Ethereum
Fomo
Kusama
PancakeSwap
Phantom
Polkadot
Polygon (Matic)
Solana
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

Squirrel Finance

Date Founded

2020

Company Website

squirrel.finance/

Company Facts

Organization Name

Parallel

Date Founded

2021

Company Website

parallel.fi/

Popular Alternatives

Popular Alternatives

Cream Reviews & Ratings

Cream

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

TrueFi

TrustToken