https://twitter.com/parallelfi/status/1552275214649679872?s=21&t=S_ItcjtAVWAC_gPQw7Vokw
$aUSD and $KAR on ParallelHeiko - $HKO on Karura 🎊🎊
With the Kusama cross-chain connection 3 months ago and after much testing, the token and stablecoin of Karura are available on ParallelHeiko and vice versa the token of Parallel is available on Karura! 🤝
With the power of XCM (Thank you Parity for everything you've done!), the two parachains are connected via HRMP-channels that enable token transfers and communication in the most secure way⛓️
Stay tuned for more information about use cases for all tokens on both chains 🙌
$aUSD and $KAR on ParallelHeiko - $HKO on Karura 🎊🎊
With the Kusama cross-chain connection 3 months ago and after much testing, the token and stablecoin of Karura are available on ParallelHeiko and vice versa the token of Parallel is available on Karura! 🤝
With the power of XCM (Thank you Parity for everything you've done!), the two parachains are connected via HRMP-channels that enable token transfers and communication in the most secure way⛓️
Stay tuned for more information about use cases for all tokens on both chains 🙌
https://twitter.com/ParallelFi/status/1552709817856397315?s=20&t=8yZ6O_7Stau6F4BUh9xz7A
Cross-chain⛓ w/ Moonriver & Heiko is open, meaning $HKO is available on Moonriver and Moonriver’s $MOVR is on Heiko!🎉
HRMP-channels are the links between 2 parachains that allow secure transfer of tokens & comms. Each connection brings us closer to a multi-chain future.
While the HRMP-channel was first established 2 months ago, we've spent the time testing and reviewing for new use cases that can maximize user benefits.✌️
Stay tuned for updates!
Cross-chain⛓ w/ Moonriver & Heiko is open, meaning $HKO is available on Moonriver and Moonriver’s $MOVR is on Heiko!🎉
HRMP-channels are the links between 2 parachains that allow secure transfer of tokens & comms. Each connection brings us closer to a multi-chain future.
While the HRMP-channel was first established 2 months ago, we've spent the time testing and reviewing for new use cases that can maximize user benefits.✌️
Stay tuned for updates!
X (formerly Twitter)
Parallel Labs (@ParallelLabs_) on X
Cross-chain⛓ w/ Moonriver & Heiko is open, meaning $HKO is available on @MoonriverNW, and Moonriver’s $MOVR is on Heiko!🎉
HRMP-channels are the links between 2 parachains that allow secure transfer of tokens & comms. Each connection brings us closer to a…
HRMP-channels are the links between 2 parachains that allow secure transfer of tokens & comms. Each connection brings us closer to a…
https://twitter.com/parallelfi/status/1552759063863300097?s=21&t=MaXYHX_lYNiCxtLF8Tb2lw
The 1st Parallel Community Updates Newsletter is now hot off the press!!!
Each month, we'll send you a summary of all the latest announcements, news, partnerships, product updates, and more! 🗞
Check out the first issue here ⬇️ and subscribe!
https://mailchi.mp/15eb5ba572b9/parallel-finance-july-2022-community-updates-8991661
If you'd like to subscribe directly to our monthly Community Updates Newsletter, please use this link! 🙌
https://parallel.us1.list-manage.com/subscribe?u=cb23c198b2c25e04e2a584474&id=df1733f391
The 1st Parallel Community Updates Newsletter is now hot off the press!!!
Each month, we'll send you a summary of all the latest announcements, news, partnerships, product updates, and more! 🗞
Check out the first issue here ⬇️ and subscribe!
https://mailchi.mp/15eb5ba572b9/parallel-finance-july-2022-community-updates-8991661
If you'd like to subscribe directly to our monthly Community Updates Newsletter, please use this link! 🙌
https://parallel.us1.list-manage.com/subscribe?u=cb23c198b2c25e04e2a584474&id=df1733f391
List-Manage
Parallel Finance
Parallel Finance Email Forms
https://twitter.com/parallelfi/status/1553716710934462464?s=21&t=ooim-DLRa_gRGWWUuEa3bg
Despite 160k more $DOT supplied to the Money Market since last Friday, 99% of all DOT has been lent out again, bringing the Lend APY back to 38%! 📈
This will likely result in more $DOT being supplied for borrowing ✅
Money Market utilization is definitely in full swing 🕺💃
Despite 160k more $DOT supplied to the Money Market since last Friday, 99% of all DOT has been lent out again, bringing the Lend APY back to 38%! 📈
This will likely result in more $DOT being supplied for borrowing ✅
Money Market utilization is definitely in full swing 🕺💃
X (formerly Twitter)
Parallel Labs (@ParallelLabs_) on X
Despite 160k more $DOT supplied to the Money Market since last Friday, 99% of all DOT has been lent out again, bringing the Lend APY back to 38%! 📈
This will likely result in more $DOT being supplied for borrowing ✅
Money Market utilization is definitely…
This will likely result in more $DOT being supplied for borrowing ✅
Money Market utilization is definitely…
https://twitter.com/parallelfi/status/1554998914717470720?s=21&t=OtGEHVeEGPhtoIzOhezriw
Notice something new?
👀👀
You can now see the Estimated APY when you add liquidity to any pair on Parallel AMM!
This minor addition will further assist Parallel users to decide their liquidity farming strategies.
Try it out yourself now at:
app.parallel.fi/swap
Notice something new?
👀👀
You can now see the Estimated APY when you add liquidity to any pair on Parallel AMM!
This minor addition will further assist Parallel users to decide their liquidity farming strategies.
Try it out yourself now at:
app.parallel.fi/swap
X (formerly Twitter)
Parallel Labs (@ParallelLabs_) on X
Notice something new?
👀👀
You can now see the Estimated APY when you add liquidity to any pair on Parallel AMM!
This minor addition will further assist Parallel users to decide their liquidity farming strategies.
Try it out yourself now at: https://t.co/0ViWy4uegT
👀👀
You can now see the Estimated APY when you add liquidity to any pair on Parallel AMM!
This minor addition will further assist Parallel users to decide their liquidity farming strategies.
Try it out yourself now at: https://t.co/0ViWy4uegT
https://twitter.com/parallelfi/status/1556260754810339328?s=21&t=dd6H3zMjh0ugMR6U9aIM0w
Are you ready for the KSM UNLOCK 'N' STAKE SUMMER! 💥💥
🍧 3,750,000 HKO up for grab
🥤 3 Snapshots for Sept, Oct, Nov
🏄 More total staked, more HKO reward per KSM staked
Want to learn more? Read the article below:
https://medium.com/parallel-finance/ksm-holders-its-time-for-unlock-n-stake-summer-9f827eb1af4d
Are you ready for the KSM UNLOCK 'N' STAKE SUMMER! 💥💥
🍧 3,750,000 HKO up for grab
🥤 3 Snapshots for Sept, Oct, Nov
🏄 More total staked, more HKO reward per KSM staked
Want to learn more? Read the article below:
https://medium.com/parallel-finance/ksm-holders-its-time-for-unlock-n-stake-summer-9f827eb1af4d
Medium
KSM holders, it’s time for UNLOCK ’N’ STAKE SUMMER!
As all Kusamarian should have known by now, there’s another big KSM unlock incoming within 24 hours! Around 1.2M $KSM from the second batch…
https://twitter.com/parallelfi/status/1556716513167638528?s=21&t=dWPy9Jbj2Haeb7ufcT1Ueg
🏆 “Learn and Earn” up to 8,000 $HKO rewards with our new Bounty program to celebrate the $KSM Unlock!
💡 Turn creative ideas - all about $KSM and ParallelHeiko's Protocol - into videos or articles and earn your chance to win $HKO tokens.
Learn more 👇
https://medium.com/parallel-finance/parallel-bounty-program-for-ksm-unlock-8ad52eb9dab9
🏆 “Learn and Earn” up to 8,000 $HKO rewards with our new Bounty program to celebrate the $KSM Unlock!
💡 Turn creative ideas - all about $KSM and ParallelHeiko's Protocol - into videos or articles and earn your chance to win $HKO tokens.
Learn more 👇
https://medium.com/parallel-finance/parallel-bounty-program-for-ksm-unlock-8ad52eb9dab9
Medium
Parallel Bounty Program for KSM unlock
Learn and Earn a reward of up to 8000 HKO
https://twitter.com/parallelfi/status/1559014359442997248?s=21&t=MaMb8yImCiHSbG1El2wxFw
Parallel Governance Proposal Guideline is now available on @polk_gov!
We welcome all of our community members to take a look of the guideline, and use it as the starting point on your way to shape the future of Parallel Finance together.
https://parallel.polkassembly.io/post/471
As Parallel Finance gradually moving out of the bootstrap phase, we are excited to step up our decentralization game, and we would love to have our community to participate more actively in the governance of Parallel Finance.
Have a good idea that might change Parallel Finance for the better?
Draft up a proposal and post it in parallel.polkassembly.io/discussions to see how the community responds to it.
See an interesting proposal and want to express opinion on it?
Simply engage in the discussion under comment and say what you like/dislike about it!
The whole point of a governance forum is to give more power back to the community and have token holders to decide upon important issues regarding the protocol’s future.
We, as the initiators of Parallel Finance (AKA the “core team”) have the responsibility to guide y’all through the initial confusion. So don’t be afraid if the whole governance process seems too complex and technical at the first glance.
From this point forward, we will start to be more active on our governance forum and make proposals on a regular basis for the community to vote on.
Simply become a voter if you don’t feel comfortable starting a proposal yet. We will have plenty of time to onboard contributors.
Parallel Governance Proposal Guideline is now available on @polk_gov!
We welcome all of our community members to take a look of the guideline, and use it as the starting point on your way to shape the future of Parallel Finance together.
https://parallel.polkassembly.io/post/471
As Parallel Finance gradually moving out of the bootstrap phase, we are excited to step up our decentralization game, and we would love to have our community to participate more actively in the governance of Parallel Finance.
Have a good idea that might change Parallel Finance for the better?
Draft up a proposal and post it in parallel.polkassembly.io/discussions to see how the community responds to it.
See an interesting proposal and want to express opinion on it?
Simply engage in the discussion under comment and say what you like/dislike about it!
The whole point of a governance forum is to give more power back to the community and have token holders to decide upon important issues regarding the protocol’s future.
We, as the initiators of Parallel Finance (AKA the “core team”) have the responsibility to guide y’all through the initial confusion. So don’t be afraid if the whole governance process seems too complex and technical at the first glance.
From this point forward, we will start to be more active on our governance forum and make proposals on a regular basis for the community to vote on.
Simply become a voter if you don’t feel comfortable starting a proposal yet. We will have plenty of time to onboard contributors.
parallel.polkassembly.io
Parallel Governance Proposal Guideline
As Parallel Finance is moving towards a more decentralized governance model, a clear-defined proposal guideline will be helpful for those who are interested in shaping the future of Parallel Finance.
A proposal must contain all relevant information based…
A proposal must contain all relevant information based…
https://twitter.com/parallelfi/status/1559524671489740800?s=21&t=jGTzNAQBQnMLs7ZUdKpECQ
One thing we have learnt from the recent hacks is that for any DeFi protocols, security should always remain the TOP 1 priority.
This is why we compiled this article to give you an overview of the security measures we have taken for Parallel Finance.
https://medium.com/parallel-finance/security-overview-on-parallel-finance-b7d76d85134a
One thing we have learnt from the recent hacks is that for any DeFi protocols, security should always remain the TOP 1 priority.
This is why we compiled this article to give you an overview of the security measures we have taken for Parallel Finance.
https://medium.com/parallel-finance/security-overview-on-parallel-finance-b7d76d85134a
Medium
Security Overview on Parallel Finance
For any DeFi Protocols, Security should always remain the TOP 1 priority.
https://twitter.com/ParallelFi/status/1560613165578141702?s=20&t=23egIFsxAbQtvRPthY2XZQ
Around 68,000 KSM has been staked since the launch of our UNLOCK ‘N’ STAKE campaign 💥💥
They are earning a whopping 30.75% APY as we speak.
Wanna know something better?
This APY can go up to 37.95% if more KSM are staked.
Join the force now: https://app-heiko.parallel.fi/staking
Around 68,000 KSM has been staked since the launch of our UNLOCK ‘N’ STAKE campaign 💥💥
They are earning a whopping 30.75% APY as we speak.
Wanna know something better?
This APY can go up to 37.95% if more KSM are staked.
Join the force now: https://app-heiko.parallel.fi/staking
X (formerly Twitter)
Parallel Labs (@ParallelLabs_) on X
💥💥Around 68,000 KSM has been staked since the launch of our UNLOCK ‘N’ STAKE campaign 💥💥
They are earning a whopping 30.75% APY as we speak.
Wanna know something better?
This APY can go up to 37.95% if more KSM are staked.
Join the force now: https:…
They are earning a whopping 30.75% APY as we speak.
Wanna know something better?
This APY can go up to 37.95% if more KSM are staked.
Join the force now: https:…
https://twitter.com/parallelfi/status/1561013063607672833?s=21&t=_b0Jz5AeX69VCecxtbHk0w
The HKO reward for the contributors of Heiko’s second crowdloan has been officially distributed! 🎉🎉
100% of the reward will be linearly vested for 11 months and all vesting information of your HKO reward is available on:
app-heiko.parallel.fi/stream
Unlike the previous Heiko crowdloan where tokens were distributed in batches, this time the HKO reward will be linearly vested during a 11-months vesting period.
In another word, the token will be released on a block-to-block basis within the vesting period, and the users will be able to claim the unclaimed rewards whenever they want.
HKO Claiming Guide:
Go to app-heiko.parallel.fi/stream, and connect your wallet. You should be able to see your HKO rewards under Incoming Payments section. Click Claim button.
The pop-up window contains all the information including the amount of HKO that you can claim, HKO that you've already claimed, and HKO that is still locked. Click Claim (amount) HKO button to claim all currently available HKO.
After the transaction goes through, the HKO you have just claimed will show up in your Heiko Balance.
Linear vesting is made possible by our recently launched DAO-Fi Streaming product. This will not only bring a much better claiming experience to our contributors, but also alleviate the sell pressure caused by pre-determined "token unlock".
Happy Claiming Day folks 🏄🏄
We thank you all for your contribution!
Heiko Crowdloan Stats:
total contribution - 24999.999575061436 KSM
total rewards -
7399999.915012288 HKO
total users -
1272
The HKO reward for the contributors of Heiko’s second crowdloan has been officially distributed! 🎉🎉
100% of the reward will be linearly vested for 11 months and all vesting information of your HKO reward is available on:
app-heiko.parallel.fi/stream
Unlike the previous Heiko crowdloan where tokens were distributed in batches, this time the HKO reward will be linearly vested during a 11-months vesting period.
In another word, the token will be released on a block-to-block basis within the vesting period, and the users will be able to claim the unclaimed rewards whenever they want.
HKO Claiming Guide:
Go to app-heiko.parallel.fi/stream, and connect your wallet. You should be able to see your HKO rewards under Incoming Payments section. Click Claim button.
The pop-up window contains all the information including the amount of HKO that you can claim, HKO that you've already claimed, and HKO that is still locked. Click Claim (amount) HKO button to claim all currently available HKO.
After the transaction goes through, the HKO you have just claimed will show up in your Heiko Balance.
Linear vesting is made possible by our recently launched DAO-Fi Streaming product. This will not only bring a much better claiming experience to our contributors, but also alleviate the sell pressure caused by pre-determined "token unlock".
Happy Claiming Day folks 🏄🏄
We thank you all for your contribution!
Heiko Crowdloan Stats:
total contribution - 24999.999575061436 KSM
total rewards -
7399999.915012288 HKO
total users -
1272
https://twitter.com/ParallelFi/status/1566716290517303296?s=20&t=2UTVQsr5aYCtDo6ZtYhnRQ
Parallel AMM now has nearly $2M liquidity on sDOT/DOT pair, more than doubled from one week ago.
A deep liquidity on sDOT/DOT pair will benefit all users across Parallel ecosystem.
How?
For Parallel AMM users who trade sDOT/DOT pair, a deep liquidity means a lowered slippage, allowing trades of large value between 2 tokens without causing big price impact.
Deeper Liquidity = Smoother Trading Experience
For Parallel Liquid Staking users, a deep liquidity will have a positive impact on the exchange rate when staking/instant unstaking, even when it’s handling a large amount of DOT.
Deeper Liquidity = More Efficient Staking Experience
For Parallel Money Market users, a deep liquidity allows more efficient liquidations (less bad debts), therefore ensuring the lender’s funds are better protected during extreme market conditions.
Deeper Liquidity = Safer Lending Experience
Parallel AMM now has nearly $2M liquidity on sDOT/DOT pair, more than doubled from one week ago.
A deep liquidity on sDOT/DOT pair will benefit all users across Parallel ecosystem.
How?
For Parallel AMM users who trade sDOT/DOT pair, a deep liquidity means a lowered slippage, allowing trades of large value between 2 tokens without causing big price impact.
Deeper Liquidity = Smoother Trading Experience
For Parallel Liquid Staking users, a deep liquidity will have a positive impact on the exchange rate when staking/instant unstaking, even when it’s handling a large amount of DOT.
Deeper Liquidity = More Efficient Staking Experience
For Parallel Money Market users, a deep liquidity allows more efficient liquidations (less bad debts), therefore ensuring the lender’s funds are better protected during extreme market conditions.
Deeper Liquidity = Safer Lending Experience
https://twitter.com/parallelfi/status/1567328250048950272?s=46&t=bp2Ojr5aYcAPVgek5Ev9hA
Over 1 Million DOT has been supplied to Parallel Money Market 💥💥
We would like to take this chance to say thank you to our great community for your support along this journey.
This is just the beginning.
Over 1 Million DOT has been supplied to Parallel Money Market 💥💥
We would like to take this chance to say thank you to our great community for your support along this journey.
This is just the beginning.
https://twitter.com/krakenfx/status/1567551237352038400?s=46&t=4HdG97uFHQMOrk6so1MiHQ
New token available on Kraken ✨
🔹 $PARA @ParallelFi
Deposits begin NOW & trading will follow shortly 💪
* Trading is not available in US, CA, JP
Learn more: k.xyz/3KL
New token available on Kraken ✨
🔹 $PARA @ParallelFi
Deposits begin NOW & trading will follow shortly 💪
* Trading is not available in US, CA, JP
Learn more: k.xyz/3KL
Kraken Blog
Trading for PARA Starts September 7 – Deposit Now!
We’re thrilled to announce that Parallel Finance (PARA) starts trading on Kraken today! Funding and trading Add PARA to your Kraken account by navigating to Funding, selecting Parallel Finance, and then Deposit. Trading begins September 7. Here’s what you…
https://twitter.com/parallelfi/status/1567575570266857473?s=46&t=4HdG97uFHQMOrk6so1MiHQ
$PARA will be listed today on @krakenfx 🎉🎉🎉
Dear Parallel Community,
We’re pleased to announce that the $PARA token will be listed today on Kraken! 🥳
Deposit now your $PARA tokens, trading will follow shortly! 🔥
Learn more: k.xyz/3KL
$PARA will be listed today on @krakenfx 🎉🎉🎉
Dear Parallel Community,
We’re pleased to announce that the $PARA token will be listed today on Kraken! 🥳
Deposit now your $PARA tokens, trading will follow shortly! 🔥
Learn more: k.xyz/3KL
Kraken Blog
Trading for PARA Starts September 7 – Deposit Now!
We’re thrilled to announce that Parallel Finance (PARA) starts trading on Kraken today! Funding and trading Add PARA to your Kraken account by navigating to Funding, selecting Parallel Finance, and then Deposit. Trading begins September 7. Here’s what you…
https://twitter.com/parallelfi/status/1570472431617470464?s=46&t=9bZdcE9HJCscFk9SOAcLqA
Coming soon... 👀🔥
5 lucky winners who correctly comment on what it's about will receive 1000 $PARA each! 💰
To enter:
1. Like and Retweet
2. Comment below
Follow us on Telegram:
https://t.me/parallelfi_community
Coming soon... 👀🔥
5 lucky winners who correctly comment on what it's about will receive 1000 $PARA each! 💰
To enter:
1. Like and Retweet
2. Comment below
Follow us on Telegram:
https://t.me/parallelfi_community
Telegram
Nirvana
Redefining the future of DEFAI, Creating Liquidity Framework for seamless flow of value across global markets
https://twitter.com/parallelfi/status/1571866425303912449?s=46&t=9dZvj4b8qXSC-hunar_0og
David @dawufi dropping Alpha live during the AMA!
OAK Network @oak_network is now LIVE on Parallel Liquid Crowdloan 🎉🎉
Participate now and earn 75.5 OAK + cDOT + extra 4 PARA/DOT on:
https://crowdloan.parallel.fi/#/contribute/2090
David @dawufi dropping Alpha live during the AMA!
OAK Network @oak_network is now LIVE on Parallel Liquid Crowdloan 🎉🎉
Participate now and earn 75.5 OAK + cDOT + extra 4 PARA/DOT on:
https://crowdloan.parallel.fi/#/contribute/2090
https://twitter.com/parallelfi/status/1571891511243190272?s=46&t=BEPJ2VH8vRL-LliAdHbr8g
Parallel/Heiko Farm is now live!
Supply the following LP tokens and earn extra PARA/HKO rewards!
• LP-GLMR/PARA
• LP-MOVR/HKO
• LP-PHA/PARA
• LP-PHA/HKO
Learn more:
https://medium.com/parallel-finance/parallel-heiko-farm-relaunched-with-glmr-movr-pha-lp-pairs-ead5b9da5229
Parallel/Heiko Farm is now live!
Supply the following LP tokens and earn extra PARA/HKO rewards!
• LP-GLMR/PARA
• LP-MOVR/HKO
• LP-PHA/PARA
• LP-PHA/HKO
Learn more:
https://medium.com/parallel-finance/parallel-heiko-farm-relaunched-with-glmr-movr-pha-lp-pairs-ead5b9da5229
https://twitter.com/parallelfi/status/1572244497572200456?s=46&t=Kx5ya_4KbMeRCqpqY-Xs3w
Parallel Wallet v1 is officially here!
To read more:
https://medium.com/parallel-finance/introducing-parallel-wallet-the-ultimate-gateway-to-parallel-dotsama-and-beyond-91ff992aac31
Parallel Wallet is a non-custodial multichain wallet extension. The wallet is developed to give users a one-stop DeFi experience by allowing them to create and manage their private keys, send and receive funds and sign transactions on any DApp in a decentralized fashion.
Parallel Wallet v1 focuses mainly on Parallel native use-cases.
Actions supported by Parallel Wallet v1 including:
- send, receive assets on Parallel/Heiko parachain
- DOT/KSM transfer between Parallel/Heiko and Relaychain
- sign transactions for Parallel/Heiko DApp
We will progressively roll out more asset/network supports in the coming weeks.
Our goal is to have support for all core assets within the Dotsama ecosystem, as well as to enable transaction signing for all major parachains by the first half of Q4.
Ledger Integration
Ledger is natively supported by Parallel Wallet. Users will be able to send assets, sign transactions on Parallel/Heiko parachain, as well as send DOT/KSM on the Relay-chain.
Built-In Twitter/Discord Faucet
Now with Parallel Wallet, not only can you be directed to our discord faucet in one click, you will also be able to request PARA/HKO gas token with a simple tweet.
Parallel Wallet v1 is officially here!
To read more:
https://medium.com/parallel-finance/introducing-parallel-wallet-the-ultimate-gateway-to-parallel-dotsama-and-beyond-91ff992aac31
Parallel Wallet is a non-custodial multichain wallet extension. The wallet is developed to give users a one-stop DeFi experience by allowing them to create and manage their private keys, send and receive funds and sign transactions on any DApp in a decentralized fashion.
Parallel Wallet v1 focuses mainly on Parallel native use-cases.
Actions supported by Parallel Wallet v1 including:
- send, receive assets on Parallel/Heiko parachain
- DOT/KSM transfer between Parallel/Heiko and Relaychain
- sign transactions for Parallel/Heiko DApp
We will progressively roll out more asset/network supports in the coming weeks.
Our goal is to have support for all core assets within the Dotsama ecosystem, as well as to enable transaction signing for all major parachains by the first half of Q4.
Ledger Integration
Ledger is natively supported by Parallel Wallet. Users will be able to send assets, sign transactions on Parallel/Heiko parachain, as well as send DOT/KSM on the Relay-chain.
Built-In Twitter/Discord Faucet
Now with Parallel Wallet, not only can you be directed to our discord faucet in one click, you will also be able to request PARA/HKO gas token with a simple tweet.
Twitter
Parallel Wallet v1 is officially here!
To read more:
https://t.co/3pQZ1hHDE6
To read more:
https://t.co/3pQZ1hHDE6