Parallel Network
Parallel is a decentralized finance protocol building the largest DApp ecosystem on the Polkadot network.
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Parallel Finance is a DeFi super DApp protocol built on the Polkadot ecosystem with the mission of bringing decentralized finance to a billion people. They offer a suite of seven DeFi products, including liquid staking, AMM, a decentralized money market, a liquid crowdloan, a stream protocol (DAO tooling), a wallet, and yield farming functions, aiming to improve capital efficiency by increasing the utilization of staked assets. Parallel Finance is committed to building a decentralized future that empowers the community by increasing DeFi accessibility, capital efficiency, and security.
Parallel Finance has taken several steps to ensure the security of its platform, including multiple security audits by top-tier firms like Trail of Bits, Halborn, SlowMist, and Secfault. The platform leverages the shared security of the Polkadot/Kusama ecosystem, the security of Rust, and Parity's battle-tested Substrate framework. Their commitment to security is reflected in their 0 successful attacks against their platform, protocol, or any other part of their ecosystem since its inception.
Mission
Parallel Finance is a DeFi super DApp protocol that aims to bring decentralized finance to 1 billion people by building a user-friendly, secure, and efficient ecosystem of composable DeFi applications. They strive to improve capital efficiency and increase liquidity in the Polkadot and Kusama networks while offering solutions to address the limitations of traditional staking methods and parachain auctions. Their goal is to create a low-entry barrier to decentralized finance, making it accessible to a wider audience and empowering the community to manage and grow their assets.
Culture
Parallel Network cultivates a collaborative and community-driven culture, emphasizing transparency and open communication. They value innovation and strive to create a welcoming environment for users and developers alike. Their strong focus on security and user experience underscores a commitment to building a decentralized financial ecosystem that is accessible and reliable for all.
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