Parallel
About Parallel
One of our groundbreaking offerings is the introduction of a unique financial instrument called xDOT, specifically designed for staked DOT. With xDOT, users can earn interest from staking and still retain a liquid asset, without the inconvenience of lockups or lengthy unlock periods. Lenders can also earn interest income on their xDOT holdings, while borrowers can obtain loans against their DOT holdings, denominated in stable coins, without having to sell their DOT. This financial primitive opens up new possibilities for DOT holders.
At the heart of our lending protocol lies a pool-based strategy, where all users' supplied assets are aggregated. This methodology allows for efficient management of the lending process. Within our platform, you will find pools dedicated to DOT, sDOT, and USDT, enabling users to deposit their assets and earn interest on them. Our aim is to provide the best crypto trading tools, the best crypto analysis tools, and the best charting tools for crypto, empowering users to make informed decisions. Additionally, we offer a range of comprehensive crypto research tools, cryptocurrency investigation tools, and cryptocurrency monitoring tools. With our platform, you will have everything you need to navigate the crypto landscape effectively and maximize your trading potential.