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Startup

Parallel

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Headquarters

United States

Founded Year

2021

Total Funding

$24.0M

Employees

11 - 50

Status

Active


About Parallel

Parallel has an innovative solution DeFi, the most secure and easy-to-use decentralized platform to empower everyone access to financial services.

Headquarters

United States


General Information on Parallel

Brand name Parallel
Company name Parallel Finance
Website https://parallel.fi/
Founded year 2021
Employees 11 - 50
Founding team

Yubo Ruan

Contact [email protected]

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Recent News and Activity about Parallel

Steemit 26.09.2022
My growth as a crypto writer continues as a Parallel Finance Ambassador

Crypto World has taken me in heart and soul!! Crypto for me is an adventure, just like the enormous growth Blockchain Projects have experienced over a short period of time, I have been growing in knowledge and understanding about the crypto world. So the space, however volatile, risky it is, has been thrilling to me, so much so that I am still in this crypto space after many disasters such as the terra crash, the general crypto crash and such ...

Steemit 27.06.2022
Liquidation risk free DOT loans using your cDOT assets as collateral in Parallel Finance

Now it's possible to avail DOT loans that are free from the risks of in Parallel Finance cDOT assets finds more capital efficient utility in Parallel Finance Wondering what's this diamond mark besides the cDOT assets, then read on!! Parallel Finance, a Defi Hub whose mission is to provide all necessary Web 3 financial services for users in one platform has introduced a innovative Money Market lend, borrow option providing a way for its users ...

Parallel news
Steemit 14.06.2022
Liquid staked sDOT accrues staking rewards which can be used in Parallel Finance's DEFI ecosystem to earn further yields

Now Smaller DOT Holders can earn DOT staking rewards through Parallel Finance As of now DOT Liquid staking awards - 14.50% staking rewards in sDOT which can be lent to earn a further 13.39% Para APY yields. Staking is the first thing crypto holders want to do when ever staking is initiated in Proof Of Stake Blockchains. I remember when I brought my DOT, I wanted to stake, but could not because the minimum DOT staking requirements was 20 DOT ...

Parallel news
Bitcoin Isle 31.05.2022
Parallel Finance's Stream makes scheduling of automatic, periodic payments possible

Parallel Finance being a Super DEFI App offers more services apart from it's AMM, staking and Money Market functionalities which I had discussed in my previous articles here -: Hurray now it's finally possible to utilize our DOT on Parallel Finance to earn yields with DOT Liquid Staking Parallel Finance expands its utility with Defi functions having initiated in the platform As a DEFI hub, that aims to be a one stop solution offering users ...

Bitcoin Isle 31.05.2022
Parallel Finance offers more services than majority of the DEFI platforms in the space

This is so as Parallel Finance provides more financial services than generic DEXs offer. As generally DEXs we have in the Blockchain space are either AMM Dexs or Money Market Dexs. AMM Dexs are a decentralised platform for swapping cryptos. Here liquidity providers provide liquidity to swap pools. Money Market Dexs, are decentralised platforms for lending and borrowing of assets. Parallel Finance is this and much more… Parallel Finance, a ...

Steemit 26.04.2022
Parallel Finance expands its utility with Defi functions having initiated in the platform

TVL, making the protocol the top leading parachain in Polkadot in terms of Total Value locked. Yup, right now Parallel Finance is the Polkadot parachain with the highest TVL in the ecosystem. Parallel Finance been popular for its crowdloan palette enabling holders to contribute their Dot Parallel's been used by Dot Holders to contribute to Polkadot's Parachain Crowdloans. Even before DEFI capabilities got initiated in Parallel Finance, it was ...

Parallel news
Bitcoin Isle 07.04.2022
Announcement on the Completion of the Crowdloan Reward Distribution of the Polkadot Parachain Project – Parallel Finance

BigONE has distributed the token (PARA) rewards received for the first unlocking of Parallel Finance and the recent linear unlocking to the capital accounts of participating users. The specific participation details are as follows: BigONE voted 25,000 DOTs for Parallel Finance, received 409,060 PARA rewards, and BigONE participated in the Polkadot parachain slot auction with 148,957 DOTs Please refer to the following example for the ...

FX Leaders 06.04.2022
Parallel Finance Increases its TVL with a Successful Funding Round

Its upcoming debut will feature projects for staking, cross-chain bridges, cryptocurrency wallets, lending, yield farming, and automated market-making. With its successful funding round, Parallel Finance has gathered $5 million with a $500 million valuation, going twice compared to last year's token round. Investors in this strategic funding round were led by Coinbase, a big crypto exchange, Section 32, a venture capital company, and StarkWare, ...

Parallel news
Vietnam Explorer News Channel 05.04.2022
DeFi ‘Super App' Parallel Finance Doubles Valuation, Plans Up to $60M Series B

Parallel Finance, a Polkadot-based lending and staking protocol, has announced a $5 million strategic funding round at a $500 million valuation, twice that of its token round last November. Investors included Coinbase (COIN), StarkWare and Section 32, a venture capital firm founded by the former head of Google Ventures. During the second quarter, Parallel Finance plans to raise a Series B round in two tranches of $20 million to $30 million each ...

Parallel news
Bitcoin Isle 22.03.2022
Parallel Finance, the DeFi Parachain Hub of Polkadot and Kusama, Launches New Products

Parallel Finance , the DeFi parachain hub of Polkadot and Kusama, has executed a coordinated launch of “six separate products in one day across many different DeFi primitives.” The complete list includes: Parallel's Automated Market Maker (AMM) , Farming, Liquid Staking, v2 Crowdloan Platform, Cross Chain Bridge, and Wallet. These will allow Parallel's Kusama deployment, Heiko, “to include nearly all major DeFi products and enable Parallel ...