Parallel
Parallel revolutionizes DeFi by offering a user-friendly platform for decentralized financial services. It introduces xDOT, a groundbreaking financial primitive that allows users to stake DOT while maintaining liquidity. Through a pool-based lending strategy, users can earn interest on xDOT and borrow against their assets without sacrificing ownership.
Top Parallel Alternatives
Badger
Badger empowers users to leverage ETH, WETH, stETH, or wstETH for borrowing decentralized Bitcoin tailored for Ethereum DeFi, all at no cost.
Notional
Notional Finance revolutionizes decentralized finance by enabling fixed-rate, fixed-term lending and borrowing of crypto-assets on Ethereum.
Opyn
Offering a unique approach to decentralized finance, this platform combines traditional finance principles with innovative perpetual contracts.
WhaleFin
WhaleFin offers users a seamless way to engage with cryptocurrency, allowing them to earn interest on over 50 cryptocurrencies at rates up to 5% APY, paid daily.
Unchained Capital
Users can effortlessly purchase bitcoin through a trading desk, with funds landing directly in secure cold storage.
Liqwid
Liqwid empowers users to maximize their Cardano assets by effortlessly earning interest and accessing instant liquidity.
Morpho
With Morpho Vaults optimizing asset allocations, borrowers can leverage their collateral for reduced borrowing costs...
Portal
With its modular Portal OS, users can access L1 and L2 nodes seamlessly, while BitScaler...
TrueFi
Catering to diverse borrowers, including crypto-focused entities and traditional sectors, it empowers TRU holders to...
Lockr
With an impressive loan-to-value ratio, funds are quickly disbursed, and interest accrues daily...
Instadapp
With unparalleled security and the ability to optimize funds across multiple protocols, it enables developers...
Arkadiko
With no monthly repayments required, users can engage in yield farming and governance voting, contributing...
AQRU
Users can access diverse cryptocurrency investment products, earning up to 10% APY interest, tracked hourly...
Ripio
With a secure Google Chrome extension, they can easily connect to dApps and collect NFTs...
Top Parallel Features
- Autonomous market analysis
- Enhanced capital efficiency
- Seamless agent collaboration
- Liquid staking asset model
- Interest accrual on staking
- No lockup periods
- Stablecoin loans against DOT
- Pool-based lending strategy
- User-friendly interface
- Comprehensive DeFi frameworks
- Optimized yield generation
- Custom asset class creation
- Secure decentralized platform
- Multi-asset deposit pools
- Interest income on xDOT
- Access to financial services
- Simplified DeFi experience
- Automated execution of strategies
- Integration with existing networks
- Unique financial primitive for DOT.
Top Parallel Alternatives
- Badger
- Notional
- Opyn
- WhaleFin
- Unchained Capital
- Liqwid
- Morpho
- Portal
- TrueFi
- Lockr
- Instadapp
- Arkadiko
- SALT
- AQRU
- Ripio
