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by Nate Urbas

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Parallax Finance

parallaxfinance.org

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Site Rank: 807

If your website is on the scam list and you think that you are not a scammer, contact us. After you provide us with all the proof that you are in Crypto World with good intentions, we will delist you. Usually, you get in this category because you are hiding your team, you have a bad reputation(you are tricking, deceiving, scamming people), and you haven't got a written project whitepaper or is a shitty one....

Their Official site text:


Platform Overview
Parallax provides liquidity infrastructure that empower individuals, DAOs, and other protocols to generate yield on Arbitrum.
Meet Our 4 Core Products:
Orbital - Yield Optimizer: Parallax employs a sophisticated auto-compounding mechanism to boost returns for both liquidity provider (LP) tokens and stablecoins.
Andromeda - Multivariant Yield: Select from our top-tier Arbitrum vaults or opt for Degen vaults, or even become a strategist and create your own vaults.
Supernova - Powering LSDfi: Benefit from recursive yields on leveraged liquid staking derivatives by borrowing against your assets.
Black Hole - Liquidity Marketplace: Our Protocol-Owned Liquidity (POL) marketplace enables users to establish Olympus-like bond markets for any Arbitrum token pair.
Parallax is designed to cater to:
Individuals: Benefit from optimized yield earnings in our thoroughly audited vaults.
DAOs: Access a comprehensive set of tools and functionalities for effective treasury management with Parallax.
Strategists: Join as a strategist to receive a percentage of vault performance fees as earnings.
Who Built Parallax?
We're an anon team of developers from several countries. We've been working on Parallax since Q4 2022. We strive to build a community first approach to the product. No VCs, no institutions. We've built it from the ground up for maximum security and community involvement. 
Disclaimer: Interacting with Parallax Finance holds no promise of financial benefit. Users are cautioned to use our products responsibly, and only invest the amount they can afford to lose. Please only participate in Parallax Finance to the extent allowed by your jurisdiction. Parallax Finance makes no guarantee to compensate any of our users in the event of vulnerabilities, hacking, or other unanticipated catastrophic occurrences.

Network
Omni-chain future
We strongly believe in an omni-chain future and would be expanding network coverage as we see increasing adoption on other chains. So, we decided to build our home on Arbtrium as we see an array of advantages and opportunities, very compelling for our project's development.
By working on Arbitrum as the backbone of Parallax, we gain access to:
Scalability, enabling our platform to handle increasing user demand without compromising performance
Reduced transaction costs, allow better affordability and accessibility to a wider audience
We will explore development on other chains like zkSync, LayerZero in the later part of the roadmap. 
Scaling with zkSync
Revolutionizing Ethereum Scaling
Growing Thesis