Polkadot & Kusama ecosystem projects directory
Polkadot & Kusama ecosystem projects directory

Parallel Finance

DeFi
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Parallel Lending Protocol

Supporting both Kusama and Polkadot assets, Parallel enables token holders and projects to flexibly and borderlessly put their idle capital to earn interests.

Parallel Staking Protocol

Parallel to the Lending Protocol, the foundation introduces a cross-alliance staking derivative to build an interest stacking module for lenders and stakers DOTs - xDOTs

Relative Project:   Heiko Finance  Heiko Finance
Tokens:  PARA
Status
Announced
Testing
In Auction On Polkadot
Auction
polkadot
Polkadot
Auctions & Crowdloans
Auction 4: WINNER
Slot #5: leasing December 17, 2021 - October 20, 2023
Project auction info:  auction details 
Funds raised: 10 751 519 DOT ($196 322 730)
Contributions: 4 009
Reward: 1 DOT : 93+ PARA
Reward pool: 1.25b of 10b (12.5%)
  • The tokens rewarded will be vested linearly across a two year time frame
  • Up to 40% bonus when you contribute early to Parallel’s crowdloan (before Nov 10, 2021)
  • 1,000 NFTs to 1,000 randomly selected contributors. These NFTs will have utility on Parallel’s platform
  • 5% referral bonus
Developer Activity
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Primary Token:
PARA
Total Supply:
10 000 000 000
Crowdloan Reward Pool:
1 250 000 000 (12.5% of Total Supply)
PARA Distribution
News
Jan 14, 2022 at 01:58 UTC
Nov 11, 2021 at 12:07 UTC
Nov 9, 2021 at 03:00 UTC
Aug 26, 2021 at 06:49 UTC
Jul 10, 2021 at 22:51 UTC
Apr 9, 2021 at 19:35 UTC