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Description

DeBank aims to connect individuals with decentralized finance technologies, offering secure, efficient, and transparent financial services accessible to all. Users can monitor their complete portfolio across 336 DeFi protocols spanning 8 different blockchains. Additionally, they can delve into 552 DeFi protocols while benefiting from comprehensive and real-time data analysis. Our dedication lies in spreading the principles of DeFi to a broader audience, enhancing the sector with inventive solutions that drive further value. By doing so, we hope to foster a deeper understanding and adoption of decentralized finance among users worldwide.

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

1inch Yes 
Avalanche No 
CryptoTax360° Yes 
Ethereum No 
HashKey Me Yes 
Kusama No 
Kyber Network Yes 
Manta Network Yes 
Matcha Yes 
Multifarm Yes 
ParaSwap Yes 
Phantom No 
PieDAO Yes 
Polkadot No 
Solana No 
SushiSwap Yes 
Telegram No 
WalletConnect Yes 
pTokens Yes 
polkadot{.js} No 

Integrations

1inch No 
Avalanche Yes 
CryptoTax360° No 
Ethereum Yes 
HashKey Me No 
Kusama Yes 
Kyber Network No 
Manta Network No 
Matcha No 
Multifarm No 
ParaSwap No 
Phantom Yes 
PieDAO No 
Polkadot Yes 
Solana Yes 
SushiSwap No 
Telegram Yes 
WalletConnect No 
pTokens No 
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 No 

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

DeBank

Country

China

Website

debank.com

Vendor Details

Company Name

Parallel

Founded

2021

Website

parallel.fi/

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