Parallel Finance

1. Summary

Ranks

Liquidity

-

Developer

-

Social

89

Momentum (beta)

0

Stack Rank™

-

Price

$0.004964230000 0.0%

Market Cap

$0.00 (#10716)

Supply

/

Tags

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Price
52W High price	$0.01
52W High date	21st Feb 2023 (2 years ago)
All Time High (ATH) Date	14th Oct 2024 (4 months ago)
All Time Low (ATL) Date	14th Oct 2024 (4 months ago)

Supply & Trading Volume
Trading Volume (24h)	$124.00

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Description

Parallel Finance is a DeFi super DApp protocol operating within the Polkadot ecosystem. The protocol aims to bring decentralized finance to a global audience of 1 billion people by increasing DeFi accessibility, capital efficiency, and security. It offers a suite of composable DeFi applications, including liquid staking, AMM, decentralized money ma...

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Parallel Finance is a DeFi super DApp protocol operating within the Polkadot ecosystem. The protocol aims to bring decentralized finance to a global audience of 1 billion people by increasing DeFi accessibility, capital efficiency, and security. It offers a suite of composable DeFi applications, including liquid staking, AMM, decentralized money market, liquid crowdloan, stream protocol (DAO tooling), wallet, and yield farming functions.

These applications are designed to be user-friendly, leveraging derivative assets that are equivalent to relaychain assets, and allowing users to stay liquid and compound their yield. The platform emphasizes the importance of security, leveraging top-tier security audits and the shared security of the Polkadot ecosystem.

Parallel Finance also focuses on developing a non-custodial multichain wallet to ensure DeFi accessibility and provide users with an entry point to manage and grow their assets securely. By incorporating a range of DeFi products, the protocol aims to build strong network effects, attracting millions of users over the next decade.

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