(PARA)

Total Value Locked$2,225,243

Chain Breakdown
Parallel	$2.15m
Heiko	$79.53k

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 ($1.02m)Lido ($30.86b)Binance staked ETH ($5.1b)Rocket Pool ($4.07b)Jito ($2.82b)Mantle Staked ETH ($1.52b)Sanctum Validator LSTs ($1.17b)Marinade Liquid Staking ($1.09b)Jupiter Staked SOL ($764.49m)Coinbase Wrapped Staked ETH ($618.84m)

Parallel Polkad...(PARA)