Navigate to Home Page
⌘K

ProtocolsParallel Staking

Information
TVL

Parallel Stakin...

Total Value Locked
$6.97m
Chain Breakdown
Ethereum$6.97m
USDETH

Protocol Information

Parallel Staking introduces an innovative approach for users to optimize their ApeCoin staking. By enabling simultaneous staking and borrowing against NFTs like Bored Ape Yacht Club, Mutant Ape Yacht Club, and Bored Ape Kennel Club, it addresses the challenge faced by holders lacking sufficient ApeCoin or NFTs for maximum yields. Parallel resolves this by allowing NFT staking and borrowing ApeCoin against them, facilitating auto-compounding of rewards, and offering Peer-to-Peer staking options. Through this, both NFT and ApeCoin holders can secure fixed shares of auto-compounded rewards, enhancing their staking experience and returns

Category:Yield

Audits
:
Website Twitter

Methodology

TVL code

Competitors

Pendle ($4.114b)Convex Finance ($1.489b)Aura ($529.5m)Coinwind ($251.91m)Penpie ($189.5m)Hyperlock Finance ($252.84m)Ring Few ($171.07m)Equilibria ($141.23m)Tranchess Yield ($129m)StakeDAO ($68.53m)