Key Metrics
Active Loans$0
Total Raised$29m
Jun 14, 2021$2mRound: Pre-SeedInvestors: Pantera Capital, Polychain Capital, Lightspeed Venture Partners, Breyer Capital, 8 Decimal Capital, Hypersphere Ventures
Aug 30, 2021$22mRound: Series AInvestors: Polychain Capital, Lightspeed Venture Partners, Slow Ventures, Blockchain Capital, Alameda Research
Apr 5, 2022$5mRound: Strategic Investors: Coinbase Ventures, StarkWare, Section 32
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:Lending
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFrequently Asked Questions
What is Parallel Polkadot Lending?
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.
What is Parallel Polkadot Lending's TVL?
Parallel Polkadot Lending currently has $0 in total value locked.
What chains does Parallel Polkadot Lending operate on?
Parallel Polkadot Lending operates on 2 chains: Heiko and Parallel.
How much has been borrowed through Parallel Polkadot Lending?
Parallel Polkadot Lending currently has $0 in active loans.