Parallel Heiko is now producing blocks on @kusamanetwork. This was a significant milestone that would not have been possible without our community, investors, and partners.
Read more on our launch plan and HKO distribution:
4) Parallel & Heiko provides double-layer interests yield through 🚩margin staking. We designed an innovative mechanism for staking. This is how it works:
- Stake your KSM
- Get staking derivative-xKSM
- Lend your xKSM in Parallel & Heiko’s money market
Parallel Finance is an institutional-grade DeFi parachain building in the Polkadot ecosystem. We just won the tenth slot of the Kusama parachain auction, with 202K+ KSM and 10K+ contributions to Parallel-Heiko's Crowdloan.
6) xKSM can be used as collateral in our DeFi ecosystem without liquidation risk; and what’s more interesting is that xKSM can be swapped in our AMM. We designed a 🚩stability pool to balance the price of xKSM and KSM, to ensure a higher xKSM to KSM exchange rate.
The Polkadot parachain auction dates are officially announced! This is exciting news for all the DOT ecosystem projects.
Parallel is thrilled to announce that we will bid in the first batch. Our mission is bring more liquidity and DeFi innovations to the Polkadot ecosystem.
For those who have staked $DOT and want to participate in the Parallel crowdloan, follow our step by step guide on how to unbond your $DOT. The process will take ~28days and we are 25 days from the crowdloan start.