The future of DeFi in the palm of your hand.
With 40,000 users, 2M payments, and the first decentralized financial derivatives protocol we're building the future of finance
Instant global payments + DeFi 2.0
Join 40,000 people using Parachute.
Meet ParJar Wallet
ParJar Wallet was launched to let friends, family, and coworkers send instant global payments in the same places they chat. Over 1.5m payments later, we've layered in the coolest DeFi tools to let you access a world of decentralized finance like nothing else.
Swap coins for other coins using the liquidity of Uniswap
Our flagship product, ParJar, gives anyone with a Telegram account access to the liquidity of Uniswap through an industry-leading UX. It's all of the things you love about DeFi in the palm of your hand.
From bank to crypto with the power of Moonpay & Ramp
ParJar supports Fiat on/off ramps through credit card and bank integrations through our partners at MoonPay & Ramp. It's like having a personal Coinbase for your Telegram.
Send crypto in a click to anyone in the world
ParJar was built to help friends connect. Whether it's a crypto group, fantasy league, or work chat, ParJar lets global friend groups send each other cryptocurrency in the same places they chat.
Liquidity staking like never before
In the biggest PAR staking feature yet, Parachute is launching an in-app feature that gives you all of the perks of providing liquidity + a whole lot more - all for staking liquidity for your favorite projects.
Why use Parachute?
We believe in building amazing products that people love, while integrating real use and value for our token, PAR. With 40,000 users and 1.6m payments, and the launch of Hedgey.finance, we wake up every day to find the newest and coolest ideas, and push them to the next billion crypto users.
What does PAR do?
The Parachute Token (PAR) is integrated throughout our products.
PAR tokens were created at a fixed supply.
As ParJar Wallet moves a fully DAO, staking PAR unlocks governance and distribution of fees collected through the platform.
PAR can be staked inside Parachute products for reduced fees associated with dApp utility.
PAR will be used as the primary fee source for all integrations, including buying, selling, secure sending, swapping, staking, and multi-currency fiat payments.
A portion of tokens collected through fees will be swapped for PAR and burned, reducing the total supply on a rolling basis.
In our first staking function, locking liquidity into the Uniswap protocol through ParJar wallet unlocks access to token distributions and token-curated groups.
A portion of tokens collected through fees will be returned to the company for operations.
A portion of tokens collected in fees will be allocated to supporting the blockchain ecosystem through grants, as decided by PAR governance.
The Big Picture.
ParJar Wallet is just the beginning. Over three big phases, Parachute is aiming to build big, democratize finance, and become a DeFi product like none other.
We've started with ParJar wallet. It lets anyone send crypto through chat apps, swap coins for other coins through our Uniswap integration, and move from bank to crypto in a click. Our near-future integrations will transform ParJar into the coolest DeFi aggregator you've ever known.
With a solid user base, we're launching a web-based experience that creates global private sending, access to expanded DeFi integrations, and unlocks our next chat-based platforms. This phase finishes with Parachute transitioning to a non-custodial offering.
Having matured our products and transitioned to a non-custodial solution, phase 3 will focus on creating the DAO of Parachute. The governance staking contract will launch on-chain voting to set fees across the platform, as well as act as a distribution of collected fees to governance participants.