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support

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Write a Review

Description

Maximize your annual percentage yield by effortlessly staking your assets on the Celo mainnet, which supports native currencies such as cUSD, cEUR, and a range of bridged assets. Additionally, you can utilize widely-used assets from other blockchains, including ERC20 USDT and BEP20 BUSD, as collateral without the hassle of bridging them yourself! To ensure system stability, our oracle guard provides protection against abrupt fluctuations in the prices of underlying assets or changes in utilization rates. This means you can stake with confidence, knowing that your investments are safeguarded even in volatile market conditions.

Description

Parallel aims to revolutionize decentralized finance (DeFi) by creating a highly secure and user-friendly platform that grants everyone access to essential financial services. By simply providing assets, users benefit from optimized yields without the complexities typically associated with DeFi, all in a secure and decentralized environment. Our innovative approach introduces a unique financial instrument for staked DOT, enabling users to earn interest through staking while retaining liquidity, thus avoiding lockups and protracted unlocking processes; this instrument will be known as xDOT. With xDOT, lenders can generate interest income, while borrowers can leverage their DOT to obtain loans denominated in stablecoins, eliminating the need to sell their DOT. The Parallel lending protocol implements a pool-based strategy to aggregate assets supplied by users, facilitating a DOT, sDOT, and USDT pool where participants can deposit their assets and earn competitive interest rates. This comprehensive lending solution not only enhances liquidity but also encourages broader participation in the DeFi ecosystem. Ultimately, Parallel is committed to making financial services more accessible and efficient for everyone involved.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Avalanche No 
BNB Smart Chain (BSC) Yes 
Celo Yes 
Ethereum No 
Kusama No 
MetaMask No 
Meter Yes 
Phantom No 
Polkadot No 
Polygon No 
Solana No 
Telegram No 
polkadot{.js} No 

Integrations

Avalanche Yes 
BNB Smart Chain (BSC) No 
Celo No 
Ethereum Yes 
Kusama Yes 
MetaMask Yes 
Meter No 
Phantom Yes 
Polkadot Yes 
Polygon Yes 
Solana Yes 
Telegram Yes 
polkadot{.js} Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Chee Finance

Website

www.chee.finance/

Vendor Details

Company Name

Parallel

Founded

2021

Website

parallel.fi/

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