(PARA)

Total Value Locked$2,763,661

Chain Breakdown
Parallel	$2.28m
Heiko	$484.84k

USD ETH

Information

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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Token Information

Methodology

Check the code

Competitors

Parallel Polkadot Crowdloan ($1.28m)Lido ($24.11b)Binance staked ETH ($3.26b)Rocket Pool ($3.09b)Jito ($1.9b)Mantle Staked ETH ($1.25b)Marinade Liquid Staking ($729.81m)Sanctum Validator LSTs ($623.07m)Coinbase Wrapped Staked ETH ($522.89m)Jupiter Staked SOL ($452.84m)

Parallel Polkad...(PARA)