Parallel Finance

About Parallel Finance

About Parallel Finance:

Parallel Finance is an institutional-grade lending protocol backed by the likes of Sequoia, Founders Fund, Polychain, Lightspeed Venture Partners, Slow Ventures, Blockchain Capital and Alameda Research. Parallel Finance specialises in decentralised finance-related services and products, which include lending, trading, staking, and derivatives on multi-chains while assuring user safety and security. Since its inception in April 2021, Parallel Finance seeks to add more pragmatic tools like interest rate swaps for long-term growth to DeFi. Parallel offers leverage staking and auction lending as its primary services, offering higher yield and more opportunities to users to become the go-to lending solution for Polkadot (DOT) and Kusama (KSM) stakers.

Parallel Finance has already achieved over $700 mil in TVL and has captured 22% of the total DOT crowd-loan market to date, beating out top crypto heavyweights Binance and K