Polkadot XCM will launch
@Polkadot
in the next runtime update. I estimated it will happen sometime this month or so.
XCM will enable a wide range of cross-chain applications on the
@Polkadot
ecosystem. Great work
@ParityTech
👍👍👍
Had a great chat with Gavin Wood
@gavofyork
last night. Take a look at the t-shirt 😆
@parallelFi
is a huge supporter of the
#Polkadot
Ecosystem and stay tune to our new product launch
#DeFi
innovations have only just begun.
The
@Polkadot
ecosystem is close to entering the top10 global chains TVL
@DefiLlama
!
Parallel alone would also rank 11th of all chains and we hope we see more Parachains in the top 15!
I hope we'll see
@AcalaNetwork
on this list soon as then $DOT would already be in the top10!
#Polkadot
reached an important milestone today with the launch of XCM 🙌
XCM enables cross-consensus messaging, which allows secure communication between the 500+ chains, apps, and services in the
#DOT
ecosystem
After passing community vote, v0.9.19 has been enacted on Polkadot. This upgrade included a batch call upgrading Polkadot’s runtime to enable parachain-to-parachain messaging over XCM and upgrading
#Statemint
to include minting assets (like NFTs) and teleports.
Latest update on Moonbeam:
Our Moonbeam auto-distribution system is finally running and all parallel users will be able to receive GLMR in their provided ETH addresses
To all our beloved community members and
@ParaSpace_NFT
ecosystem builders, I’d like to give you a quick update.
To alleviate the unnecessary gas fee of our community in this incident, I’m willing to offer my own $100K to help cover the gas fees our supporting community lost
Update part 2:
I'm very excited to announce that we have just launched the First $DOT liquid staking product in the
#Polkadot
ecosystem
Unbond your $DOT & stake it in our Liquid staking product to:
✅Earn higher yield
✅Unbond instantly
✅Use sDOT to maximize your yield
Update part 1: Anyone can now securely transfer DOT from
@Polkadot
Relay Chain to
@ParallelFi
's Parachain and vice versa 🙌
What a great moment! 🤩🎉
Liquid Staking product launch to follow 🌊
Parallel is currently positioned to win Slot 9. We have a ~65% chance of winning. If we secure 200.01 total KSM, that guarantees we win slot 10. Lets go Parallel community!
@ParallelFi
Great to see that
@AcalaNetwork
was added to "All chains TVL" ranking from
@DefiLlama
and as expected
@Polkadot
immediately reached the top 10!
Together we are stronger
#Dotsama
and the top 5 is not far away!
Even during market volatility,
@ParallelFi
will not stop working to build and provide our community with the best opportunities to win in the long run.
We just launched our new website! Here’s a teaser of upcoming features for the Parallel and $DOT + $KSM community.
Thread🧵
$37.5M was raised over the last five days by the next four highest raised projects.
Parallel Heiko is in contention for the remaining four Kusama parachain slots. Let’s keep up the momentum 🚀
Contribute now:
We are working very hard on it and the GLMR distribution should be streamlined and automated tomorrow
I also want to explain a bit more why it was delayed:
We've heard the frustration accusing Parallel crowdloan of having “random whale” contributors. The truth is they are NOT random whales - they are well-known institutional investors who play an important part in getting an idea into a reality
Here are some info we can disclose:
@ParallelFi
aims to become the most used Liquid Staking protocol for $DOT. Network effect is key.
The more people support this goal by staking their $DOT the more efficient our LS will be, the more value our protocol/$PARA will be.
Parallel Finance is
#35
in the global DeFi TVL rankings, at over $803 million. Grateful to the team & community for the hard work and support!
Good start, more to come
Excited for the Parallel testnet to have reached a successful conclusion.
- 142K accounts
- 23M on-chain transactions
- 129K contracts deployed
I'm proud of the hard work and accomplishments from the team, and thankful for our incredible community.
Early Access soon.
1/ The parallel testnet event has come to a successful conclusion!
The parallel testnet event involved 142K accounts, generating nearly 23M on-chain transactions, with about 129K contracts deployed.
Thanks for your participation.
Details:
For the benefit of our community and users, and to ensure full transparency, I would like to disclose some information about our relationship with Alameda Research.
Update part 1: Anyone can now securely transfer DOT from
@Polkadot
Relay Chain to
@ParallelFi
's Parachain and vice versa 🙌
What a great moment! 🤩🎉
Liquid Staking product launch to follow 🌊
For
@ParallelFi
users, this means that starting tomorrow, Parallel’s
#DOT
Liquid Staking goes LIVE
Users can:
✅Stake $DOT & earn higher interest on our platform
✅Receive sDOT for DOT staked to stay liquid and unbond instantly
✅Use sDOT to earn more yield in our Money Market
Not only our Liquid Staking product has seen strong growth since
@Polkadot
's XCM launch, but also our money market.
Did you know that you can lend your sDOT in our MM, currently get 60% APY and if you want use it as collateral and borrow $DOT or sDOT to stake and/or lend it?
My goal with
@ParallelFi
is for people to connect easily across all chains, not by competing but instead aggregating liquidity and users together for everyone to win.
Let's build the future of Web3 together.
I was honored to speak about the future of
@Polkadot
#DeFi
at the biggest event of the year!
Talked about a one-stop DeFi solution, creating and maintaining the best user experience, crowdloan service for the ecosystem, new features like cDOT + free liquidation loan & much more
A few more information about the listing:
We were not(!) in contact with Kraken for the listing of $PARA.
They are listing $PARA without our involvement.
Will other exchanges follow?
New token available on Kraken ✨
🔹 $PARA
@ParallelFi
Deposits begin NOW & trading will follow shortly 💪
* Trading is not available in US, CA, JP
Learn more:
I would highly recommend anyone building on or investing in
#Polkadot
and
#Kusama
to check out this post from
@realjameswo
and
@DFG_OfficiaI
.
This is the exact right mentality to hold during times of uncertainty. Continue to build. Continue forward.
Contributors at
@ParaSpace_NFT
,
I write to make you aware of a pressing matter concerning our company. Two former consultants, Thomas Schmidt, and Jay Yao, have illegally obtained control of one of the protocol’s multisig and social media accounts. They did so by contacting key
There are 3 very exciting events coming up this month that
@ParallelFi
will be attending:
#Consensus2022
,
#NFTNYC
and
#PolkadotDecoded
.
Which event are you most looking forward to, are you attending or would you like to attend?
Write it in the comments 👇
$DOT $KSM $ETH
1/ Meaningful enterprise adoption of blockchain has been elusive
VCs, sure
ETFs and Trusts, yup
Hedge Funds, ofc
But actual adoption of the tech has been a pipe dream - until now. Buckle up, Web2 innovators are finally coming
But it's not how you'd expect...🧵
Terrific last speech at the biggest event of the year by none other than
@gavofyork
!
I'm excited for what's to come. Polkadot's tech will surpass everything else even further than it already is!
The future is
#Multichain
, the future is
#Polkadot
Right now at
@PolkadotDecoded
, NYC stage🇺🇸
Tune in to the last talk of the conference: hear Polkadot founder
@gavofyork
with a keynote on XCM v3 and what's next for the Polkadot and
@kusamanetwork
ecosystem.
Watch the talk online:
What has happened with
@ftx_official
in the last couple of days is a tragedy to the whole crypto industry.
However, it has once again reminded us of why we are trying to build a new financial system from ground up in the first place.
We are working on the "My Reward" page on our crowdloan product.
After we launch this function, users are able to check their HKO rewards and other project rewards through our product.
Checkout
When I started Parallel Finance, I wanted to bring Web3 to 1 billion people. Since then, we have made incredible progress with
@ParallelFi
and
@ParaSpace_NFT
.
I’m excited to share the next step towards that goal:
Parallel Finance and ParaSpace will merge and rebrand to ParaX.
Introducing ParaX 🌐
ParaSpace and Parallel Finance are merging and rebranding to create ParaX, a broader, omni-chain platform that encompasses both products.
With this, ParaX will become a Web3 super app powered by account abstraction and zkVM.
I’m excited to announce that Parallel has had over 164k active users since we launched. Appreciate all our loyal user’s support. Remember our mission is to bring DeFi to 1 billion people. This is a great step forward for our 9-month old startup.
Even in this
#bearmarket
I'm convinced in
#TINA
to
#crypto
in the long run.
There. Is. No. Alternative.
I guarantee the
@ParallelFi
's Community, our team won't stop working, won't stop building and won't stop delivering great products for a better future.
We are here to stay.
Still impressed from the first day of
#PolkadotDecoded
!
Thanks to
@MoonbeamNetwork
for the great organization in
#NYC
and thanks to all the interesting speakers!
Here are some impressions and I'm looking forward to the second day of the biggest $DOT event of the year!
I'm very excited to announce to the $KSM community that our Referendum 196 has passed.
In addition, Referendum 197 also passed, allowing us to support $USDT on our Kusama Parachain once these proposals got executed succesfully.
We are super excited to announce a new strategic round led by
@sequoia
and
@foundersfund
at $250m valuation. At the same day, the TVL of our platform
@ParallelFi
just exceeded $90m mark!
Total Value Locked in
@ParallelFi
's protocol hold the line at 549M$ even in this market situation.
Ever wondered what Parallel Finance's TVL is made up of? Check it out on and click on the products for more info.
More produtcs to come.
$DOT $KSM $ETH
In less than 2 weeks, the pre-deposit period for the long-awaited $APE Staking will begin if no critical bug is found.
Here’s what to expect from $APE Staking and how NFT Financialization can potentially help the
#BAYC
community maximize their staking yield 👇🧵
A massive whale has just injected a staggering 2 million USDT into the
@ParaSpace_NFT
ecosystem! Thank you for your unwavering support and belief in the future of decentralized finance. Together, we'll redefine possibilities and transform the way we interact with money.
I’m very excited to be part of
@Sequoia
’s crypto family. It is an incredible honor to be included with some of the greatest entrepreneurs in the blockchain space.
They did market-making for us and we ended the relationship a month ago. They have returned all tokens to us. We have no further business with Alameda.
We hope that all those affected by this terrible situation are doing well and are safe!
Clear result of the last poll which ecosystem has the biggest potential between $ETH $DOT $SOL and $BNB!
I've seen many comments mentioning $ADA and $ATOM, so let's take a final poll to choose the community's favorite!
Which ecosystem has the most potential in the next years?
This is great news. As one of the most widely-known & highest-volume exchanges,
@Coinbase
will open the door for a new wave of potential $KSM holders.
New holders ➡️ new people interacting with the
#Dot
sama ecosystem.
New Asset: Coinbase will add support for Kusama (KSM). Inbound transfers for this asset are available on
@Coinbase
&
@CoinbaseExch
in the regions where trading is supported.
Eagle-eyed Parallel users have already noticed something 🆕👀
@Ledger
Wallet support is available in dev mode! 🔥
Note:
🔹We're in dev mode
🔹While functional, we are making final tweaks for official launch
🔹Use w/ discretion
🔹DM if you see bugs
📚:
Despite the fact that markets are currently down, the fundamentals behind
#Bitcoin
, crypto, &
#DeFi
remain strong.
The conversation about crypto & the development of infrastructure continues, and summits like this one bring us all one step closer to global crypto adoption
Excited to launch
@ParallelFi
's developer mainnet and solve liquidity dispersion across chains.
Developers can now build applications on Parallel and capture omni-chain liquidity.
We will also work with other chains to unify liquidity everywhere and for everyone.
Whitepaper:
1/ The Parallel mainnet is now open for developers!
Parallel is the first omni-chain L2 blockchain built on
@arbitrum
that unifies liquidity from any chain into one place.
One account. Instant liquidity. Across any chain.
Get started:
More info 👇
We are still working in our SF office. Just want to give a quick update to our community
@ParaX_ai
@ParallelFi
1. Parallel/ParaX is one dynamic brand. ParaX is now Parallel (only a name change).
2. Apologies for the LTV confusion - fixed!
3. Pudgy Penguins Oracle & LTV
Great to bring on
@KelpDAO
to enable rsETH deposits and native staking to Parallel Network.
Kelp and Parallel users can earn a 1.5x bonus on both Kelp and Parallel points during Early Access.
Parallel Network x Kelp
We're thrilled to partner with
@KelpDAO
to bring rsETH deposits and native staking to Parallel Network's omni-chain L2.
By supplying rsETH during Parallel's Early Access, users can earn a 1.5x bonus on both Kelp and Parallel points.
Alameda invested $500k in
@ParallelFi
's Series A round. It represents less than 2% of the total funding we have raised. Alameda's tokens have a lock-up period of 4 years in total.