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About

Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum and other chains. The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. Frax is a new paradigm in stablecoin design. Many stablecoin protocols have entirely embraced one spectrum of design (entirely collateralized) or the other extreme (entirely algorithmic with no backing). Collateralized stablecoins either have custodial risk or require on-chain overcollateralization. Frax is the first and only stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. This means FRAX is the first stablecoin to have part of its supply floating/unbacked.

About

Parallel's mission is to innovate and bring DeFi to the next level. We are creating the most secure and easy-to-use decentralized platform to empower everyone access to financial services. Simply supply the assets, we optimize the best yield for you and you don't have to do all the complicated DeFi stuff, in a secure and decentralized way. Our platform introduces a new financial primitive for staked DOT, which allows users to accrue interest from staking while still having a liquid asset not subject to lockups or lengthy unlock periods. This staked DOT financial primitive will be referred to as xDOT. Lenders will be able to earn interest income on their xDOT, and borrowers will be able to get loans against their DOT denominated in stable coins without selling their DOT. The Parallel lending protocol uses a pool-based strategy that aggregates each user's supplied assets. This lending protocol will have a DOT, sDOT, and USDT pool where users can deposit their assets and earn interest.

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Audience

Fractional-algorithmic stablecoin protocol solution for crypto holders

Audience

Professionals and anyone searching for a solution to manage their digital assets and blockchains

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported

API

Offers API Not Supported

API

Offers API Not Supported

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

Company Information

Frax
Founded: 2019
Cayman Islands
frax.finance/

Company Information

Parallel
Founded: 2021
parallel.fi/

Alternatives

Alternatives

TrueFi

TrueFi

TrustToken
Apricot

Apricot

Apricot Lend
Yearn

Yearn

yearn.finance
TrueFi

TrueFi

TrustToken
Cream

Cream

C.R.E.A.M. Finance

Categories

Crypto Staking Supported
Yield Farms Supported

Categories

Crypto Staking Supported
DApps Supported
DeFi Projects Supported
DeFi Tools Supported
Yield Farms Supported

Integrations

Avalanche Supported
MetaMask Supported
Polygon Supported
Aave Supported
BNB Smart Chain (BSC) Supported
Binance Supported
CoinEx Supported
Crypto.com Supported
Exponential DeFi Supported
Gate.io Supported
HitBTC Supported
Kusama Not Supported
Moonriver Supported
Morpho Supported
Risk Harbor Supported
Solana Not Supported
Telegram Not Supported
polkadot{.js} Not Supported

Integrations

Avalanche Supported
MetaMask Supported
Polygon Supported
Aave Not Supported
BNB Smart Chain (BSC) Not Supported
Binance Not Supported
CoinEx Not Supported
Crypto.com Not Supported
Exponential DeFi Not Supported
Gate.io Not Supported
HitBTC Not Supported
Kusama Supported
Moonriver Not Supported
Morpho Not Supported
Risk Harbor Not Supported
Solana Supported
Telegram Supported
polkadot{.js} Supported
Claim Frax and update features and information
Claim Frax and update features and information
Claim Parallel and update features and information
Claim Parallel and update features and information