Logo of Parallel LendingParallel LendingDeprecated protocol
Total Value Locked$63,128.35

TVL by Chain

Ethereum$63,128.35

Key Metrics

Active Loans$551,139.63

Protocol Information

Parallel Lending is a decentralized lending protocol enabling users to borrow and lend using both Non-Fungible Tokens (NFTs) and Fungible Tokens (FTs). It offers the ability to leverage untapped capital for additional investments while generating yields. Notably, Parallel stands out as the pioneer in cross-margin NFT Finance, allowing users to borrow and lend ERC-721 and ERC-20 tokens within a unified account and credit line. This protocol empowers asset holders to access liquidity and earn yields effortlessly across their entire asset portfolio, offering a user-friendly yet robust solution

Category:Lending

Audits:

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Methodology

TVL: TVL includes ERC-20 and ERC-721 tokens that have been supplied as well as ERC-20 tokens that are supplied for lending.View code on GitHub

Competitors

Aave V3 ($13.768b)Morpho Blue ($7.515b)SparkLend ($3.715b)Maple ($2.314b)Compound V3 ($1.139b)Venus Core Pool ($1.034b)Fluid Lending ($654.16m)Lista Lending ($609.16m)Euler V2 ($324.83m)cap ($252.77m)

Frequently Asked Questions

What is Parallel Lending?

Parallel Lending is a decentralized lending protocol enabling users to borrow and lend using both Non-Fungible Tokens (NFTs) and Fungible Tokens (FTs). It offers the ability to leverage untapped capital for additional investments while generating yields. Notably, Parallel stands out as the pioneer in cross-margin NFT Finance, allowing users to borrow and lend ERC-721 and ERC-20 tokens within a unified account and credit line. This protocol empowers asset holders to access liquidity and earn yields effortlessly across their entire asset portfolio, offering a user-friendly yet robust solution

What is Parallel Lending's TVL?

Parallel Lending currently has $63,128.35 in total value locked. TVL has decreased 12.4% over the past 30 days.

What chains does Parallel Lending operate on?

Parallel Lending operates on Ethereum. Ethereum holds the largest share at 100%.

How much has been borrowed through Parallel Lending?

Parallel Lending currently has $551,139.63 in active loans.