Parallel Polkad...

Total Value Locked

$1.89m

Chain Breakdown
Heiko	$1.71m
Parallel	$176,286

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Protocol Information

Parallel Finance is a Decentralized Money Market Protocol that offers lending, staking, and borrowing in the Polkadot ecosystem. Depositors can lend and stake simultaneously to earn double yield on their staked coins, and borrowers can collateralize to borrow.

Category:Liquid Staking

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Methodology

TVL code

Competitors

Parallel Polkadot Liquid Staking ($6.61m)Lido ($28.104b)Rocket Pool ($3.608b)Binance staked ETH ($2.672b)Mantle Staked ETH ($1.454b)Jito ($1.422b)Marinade Liquid Staking ($834.44m)Swell Liquid Staking ($631.63m)Frax Ether ($600.74m)Coinbase Wrapped Staked ETH ($550.18m)