Parallel Polkad...

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

Token Information

Methodology

Competitors

Raises

• Total raised: 29m
• 6/14/2021 : Pre-Seed - Raised $2m
• 8/30/2021 : Series A - Raised $22m at $150m valuation
• 4/5/2022 : Strategic - Raised $5m at $500m valuation