Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Canto operates as a permissionless, general-purpose blockchain leveraging the Ethereum Virtual Machine (EVM) to fulfill the vision of decentralized finance (DeFi), which seeks to create a financial ecosystem that is accessible, transparent, and devoid of central control. Its mission is to provide a free public infrastructure where essential DeFi components will lack sovereign governance tokens and will not be designed to generate profit for any single entity in the future. Furthermore, Canto intentionally steers clear of user ownership that is dependent on interfaces, as its public infrastructure decentralized exchanges (DEXes) do not feature swapping interfaces, compelling users to trade through third-party aggregators. This design choice is intended to enhance the onboarding process for new protocols within the ecosystem. Ultimately, Canto represents a collective of DeFi enthusiasts dedicated to advancing the cause of a truly open and public financial infrastructure. In this way, it aims to reshape the landscape of finance by prioritizing community over profit.
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
API Access
Has API
Integrations
Ethereum
MetaMask
Avalanche
DEX Screener
Flooz
Kusama
Phantom
Polkadot
Polygon
Solana
Integrations
Ethereum
MetaMask
Avalanche
DEX Screener
Flooz
Kusama
Phantom
Polkadot
Polygon
Solana
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Canto Blockchain
Website
canto.io
Vendor Details
Company Name
Parallel
Founded
2021
Website
parallel.fi/