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Description

DeFiprime.com serves as a leading media platform and analytical service dedicated to the DeFi community. Its primary goal is to educate, inform, and foster connections within the community, establishing itself as the go-to source for news on decentralized finance. Rather than attempting to catalog every single DeFi product, it curates a selection of only the most exceptional offerings. The process of selecting these products is inherently subjective and should not be seen as a replacement for professional guidance or independent assessment. There is a commitment to neutrality, with no favoritism towards any specific blockchain; Ethereum, Tron, EOS, Bitcoin, and others are viewed equally as long as their associated DeFi products provide tangible benefits. As the oldest and largest media outlet focused exclusively on DeFi and Open Finance, it stands out in the landscape. Currently, the only advertising format available is through native articles, which include interviews, case studies, and explanatory pieces. Additionally, a decentralized or open-source frontend is available for those interested in experimenting with geofencing features, enhancing user engagement within the community. This approach underscores the commitment to transparency and innovation within the rapidly evolving DeFi sector.

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

Screenshots View All

Screenshots View All

Integrations

Ethereum
Telegram
Avalanche
Bitcoin
EOS
Kusama
MetaMask
Phantom
Polkadot
Polygon
Solana
TRON
polkadot{.js}

Integrations

Ethereum
Telegram
Avalanche
Bitcoin
EOS
Kusama
MetaMask
Phantom
Polkadot
Polygon
Solana
TRON
polkadot{.js}

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

DeFiprime

Founded

2019

Website

defiprime.com

Vendor Details

Company Name

Parallel

Founded

2021

Website

parallel.fi/

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