Launched on the mainnet last month, PARSIQ’s new lending and borrowing IQ Protocol is the first risk-free and collateral-less solution in the DeFi industry.
Innovative Protocol to Make Decentralized Subscriptions A Reality
The PARSIQ ecosystem has grown substantially since its inception in 2018. The blockchain monitoring and intelligence platform connect on-chain and off-chain applications in real-time, regularly notifying end-users of transactions, making it one of the preferable ecosystems to monitor and secure DeFi applications, customize event triggers, and create automation.
Compatible with Solana, Polkadot, Ethereum, Binance Smart Chain, Aave, Algorand, and several other blockchains, PARSIQ has finally launched its IQ Protocol on the mainnet following a successful testnet launch on Ethereum. The IQ Protocol is a lending and borrowing protocol that offers the first risk-free and collateral-less solution to the decentralized finance (DeFi) ecosystem. As an individual product, IQ Protocol works together with PARSIQ’s other subscription services.
To continue innovating and adding more capabilities, months before the testnet launch, PARSIQ welcomed Evan Cheng as an investor and advisor. Evan’s expertise and experience leading projects like Chainlink, Zilliqa, and Facebook have helped PARSIQ to improve its suite of products and features. Led by the Solana Foundation and Axia8 Ventures, PARSIQ’s promising IQ protocol raised $3 million days before its mainnet release from prominent investors, including CoinUnited, Elevate Ventures, Krypital Group, Mindworks VC, Sanctum Ventures, Transfero Swiss, and others.
Bestowing Benefits on Service Providers & Consumers Alike
As an open-source and decentralized protocol, the IQ Protocol offers ample room for customization in terms of tokenization models for unique services and features. It enables developers to tokenize existing assets, which helps achieve decentralized subscriptions, a new business model within the…