Like the greater Polkadot protocol, Parallel Finance uses a cutting-edge governance model that is designed to achieve a healthy network that adapts to its users’ needs. The model is designed to enable transparency, accountability, and an inclusive and representative community engagement. In the light of this, we would like to…

In our continuous efforts to ensure seamless communication between parachains in a bid to improve the greater Polkadot and Kusama ecosystem, Parallel Finance is excited to announce the opening of its cross-chain communication with Equilibrium via bi-directional HRMP channels. This cross-consensus messaging (XCM) channel is opened between Parallel Heiko, the…

To gain access to bi-directional communication between two parachains, both need to open an outbound and accept the opening of an inbound Horizontal Relay-routed Message Passing (HRMP) channel. In light of this, Parallel Finance is excited to announce that the HRMP communication channel between its sister protocol — Parallel Heiko…

In Polkadot (and Kusama) blockchain, the user's account balances should always stay above or equal to a minimum value. Otherwise, the balance will be completely wiped off by the blockchain. This minimum value is referred to as Existential Deposit (ED). In Polkadot and most Substrate-based chains, wallet accounts with low…

Crowdloan is an integral part of the DOTSAMA ecosystem. It is the key to their scalable multichain architecture as it allows parachains to connect to the networks by leasing a slot on the Relaychain via a permissionless auction. It is the way for new projects to get the support and…

The Kusama big unlock happened on 5/15/22, 10:31:23 PM UTC based on Block Number #12700800 — with a heavy load of about 1.1 million KSM — more than 10% of the total supply was released back into circulation. The KSM was initially locked to help Karura, Khala, Shiden, MoonRiver, and…

Last week, Parallel Finance became the FIRST parachain to launch liquid staking on Polkadot network. Liquid staking is one of the novel DeFi products and it is an improvement over the conventional method of staking that requires users to lock away their assets over a period of time. Making them…

Check Glossary for the meaning of terminologies. PARA Parallel ($PARA) is the native token of the Parallel’s Polkadot parachain — Parallel Finance. It is required to execute the functionalities and security of our protocol. It can also be maximized to meet your investment goals. …

Para is the Polkadot blockchain-based native token of the Parallel Finance platform. It is designed as the key to access the platform’s core features and it is required to execute the functionalities and security of the DeFi ecosystem. Para is designed as a deflationary token. …