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features
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support

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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.

Description

UNION serves as a comprehensive technology platform that merges bundled protection with a vibrant secondary market utilizing a multi-token framework. Participants in decentralized finance (DeFi) can effectively navigate their multi-layered risks across various smart contracts and protocols within a single, scalable ecosystem. By reducing the barriers that retail users face, UNION also establishes a solid groundwork for institutional investors. The platform’s full-stack protection is essential in minimizing both risks and costs associated with DeFi ventures. Users can conveniently acquire customized protection against diverse composable risks, including Layer-1 vulnerabilities, smart contract issues, exposure, and transaction completion uncertainties. Additionally, participants can earn rewards and incentives by engaging with the UNION finance ecosystem. The platform enables users to purchase, redeem, and optimize collateral protection while offering solutions for volatility risks faced by stable coin borrowers and those holding significant positions. Furthermore, UNION provides protection writing services for those leveraging long positions, as well as safeguards against smart contract failures, potential rug pulls, balance theft, and malicious hacking attempts, thereby contributing to a safer DeFi environment. Ultimately, UNION empowers users to manage their financial risks more efficiently in an ever-evolving market landscape.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Ethereum Yes 
MetaMask Yes 
Telegram Yes 
Avalanche Yes 
Kusama Yes 
Phantom Yes 
Polkadot Yes 
Polygon Yes 
Solana Yes 
polkadot{.js} Yes 

Integrations

Ethereum Yes 
MetaMask Yes 
Telegram Yes 
Avalanche No 
Kusama No 
Phantom No 
Polkadot No 
Polygon No 
Solana No 
polkadot{.js} No 

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 Yes 
iPad App Yes 
Android App Yes 
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 Yes 
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

Parallel

Founded

2021

Website

parallel.fi/

Vendor Details

Company Name

UNION

Founded

2020

Website

www.unn.finance/

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