Parallel is a full stack L2 with native yield, lending, staking, trading, and more in one place.
Together, Parallel Finance and ParaXhave made great strides in innovating and scaling Web3 and DeFi, with more than $150m in combined TVL.
These accomplishments inspire us to further push the boundaries of innovation, and as such, we are excited to usher in a new era under one company.
ParaX will merge into Parallel Finance
With this merger, both Parallel Finance and ParaX products will be streamlined within the Parallel platform, creating a broader, omni-chain platform that encompasses both products.
We aim to empower users with the Parallel super app, built on top of existing ParaX and Parallel products and encompassing cross-margin NFT lending, staking, trading, L2, and more.
The Current Problem: DeFi is too Complex
The current DeFi landscape is filled with challenges that disrupt the user experience:
Complexity of cross-chain operations and accounts
Lack of intent-centric design
Lack of automation
Now, these challenges can all be abstracted away in our new, intuitive platform.
What is Parallel Finance?
Parallel Finance is a full stack L2 with native yield, lending, staking, trading, and more in one place. Parallel brings the needed infrastructure to enhance the existing DeFi experience and pave the way for mass adoption.
The Parallel L2
Our L2 is designed to dramatically enhance DeFi's user experience by simplifying interactions with complex blockchain networks and reducing the learning curve for new users.
Our L2 will provide:
Enhanced privacy and security
Seamless DeFi user experience
The Parallel Super App
Experience our L2's magic with our all-in-one DeFi super app, encompassing cross-margin NFT lending, staking, trading, buy now pay later, and more within a single platform.