Powered by a 'symbiotic hybrid model'. The leading crypto and blockchain news site that 'BRIDGES' the gap between companies, users and enthusiasts. Dot Deep-Dive Part 3: DOT Batch 1 Projects, Parallel Crowdloan Rewards Finalization: 1 DOT=33 PARA(Base reward) + 76.771, How to Connect Your Clover Wallet to Parallel Finance. The partnership gives Polkadex Crowdloan contributors the ability to keep their DOT liquid throughout the duration of the lock (Crowdloan + parachain lease), all while earning even more rewards. Zelenska's Washington meetings with first lady Jill Biden, President Joe Biden and other top administration figures have been among her highest-profile events of the war. Website | Twitter | TG Chat | TG Announcements | Medium | Youtube | Reddit | Discord | Linkedin | Spanish community | Turkish community | Indian community | Russian community | Chinese community | German community. Parallel Finance x Equilibrium XCM Integration is Live! Parallel Crowdloan Strategy: Earn Up To 40% Early Bird Bonus! Since its inception in April 2021, Parallel Finance is gaining ground as the most trusted institutional grade lending protocol for decentralized finance. Users can reclaim their initial contribution if campaigns are unsuccessful or successful. An exclusive NFT for each of the top 1,000 contributors. Any idea why? Its important to note that Parallel raised a significant amount through its proxy fund, so the contributor amount is misleading because the proxy account hides this information. The cryptocurrency market is populated by so many coins and tokens. It further seeks to improve transparency in terms of the quality of buyers and their debts. Parallel Finance is seeking to become the "DeFi Pulse of Credit." "The Parallel Finance team thanks the community members for showing trust, thereby helping us to become part of the Polkadot ecosystem by securing a parachain. Besides, Parallel Finance seeks to support long-term growth for DeFi by adding more pragmatic tools like interest-free swaps.
Each individual project has a native chain tied to the main Polkadot blockchain, providing better scaling, efficiency, and security. Polkadexs range of fully decentralized tools provides modern traders, investors and blockchain teams with unparalleled functionality. The Parashares solution is intricate.
Parallel Finance is a Decentralized Money Market Protocol that offers lending, staking, and borrowing, built on the Polkadot ecosystem. Revolut remains convinced that the lessons will be relevant to all crypto users, regardless of their expertise level. Firstly, lets start with some high level quick facts. Polkadot has provided its community with another exciting race for their third parachain slot auction. Once the Polkadex parachain lease comes to an end 96 weeks after the parachain goes live cDOT holders will be able to redeem cDOT for DOT at a 1:1 ratio. Welcome to the Unofficial Polkadot Community! Astar and Parallel Finance led a very competitive auction, where Astar was selected as the winner at block 7927110open in new window, with a lead of only 120,000 DOT. https://www.accesswire.com/676878/Parallel-Finances-300-Million-Crowdloan-Seals-Fourth-Polkadot-Parachain, What Pregnancy and Childbirth Do to the Bodies of Young Girls, At least 17 Democratic lawmakers arrested outside Supreme Court during abortion rights protests, Doctor who performed abortion for a 10-year-old rape victim moves to sue Indiana AG for defamation, A top Wisconsin election official says Trump called him last week urging him to decertify Biden's 2020 election win in the state, Greta Thunberg and Al Gore react as climate change bakes Europe with record heat, Cost of living crisis: The everyday food items that are soaring in price, Showing war's toll, Ukraine first lady appeals for more arms, Data-hosting in China hampers U.S. law enforcement -prosecutor, AP PHOTOS: Wildfires surge across Europe in dry, hot weather, Structural Adhesives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031, Afton Chemical Continues to Invest in Capabilities to Meet Growing Market Needs in Transmission Fluids and Electric Vehicles, 13 of the best dresses from the Nordstrom Anniversary Sale, Jamie Lee Curtis Makes Her Last Stand in New Trailer for Halloween Ends: Watch, Kids deserve respect too: Little boys response to womans kindness hurts her heart, Britains nuclear power push boosted as Sizewell C given green light - live updates, Katie Holmes's Knit Dress Came With a Built-in Blanket, MIND Research Institute Announces New Vice President of Engagement, Bug Bite Thing Announces Partnership with Board Certified Pediatrician Dr. Mona Amin; Establishes Medical Advisory Board, Parents Pile Into Work Conferences to Escape Their Families, The Worldwide AI in Healthcare Industry is Expected to Reach $208.2 Billion by 2030, Hydrogen Centre of Excellence launches tech competition, Boy is second to die in Daytona I-95 retention pond accident, Xiaozao Technology Production and Processing Facilities Receive Food Safety & Quality Management Certifications, Latcore Is a Partner of the "Wing of Tomorrow" Programme Led by Airbus. Moreover, the ones providing liquidity receive rewards for doing so, creating a financial incentive to participate in these offerings. As you can see below Astar had both more contributions and contributors. In Greece, where intense fires continue to burn in Penteli, 25 kilometers (16 miles) northeast of the capital Athens, firefighters were seen evacuating vulnerable citizens as they battled the blaze. Ledger Users Please Follow Instructions for Crowdloan Contribution Rewards! You have successfully joined our subscriber list. Required fields are marked *. {js} Installation Guide: How to Install a Digital Wallet and Stake KSM on Parallel Finance, The Perfect Balance: Comparing Lending and Staking Solutions to Parallel Finance, The Perfect Balance: How Parallel Combines Lending and Staking, DeFi Bulletin: Recapping the AMA with Yubo Ruan, CEO, and DeFi Summit, Raising the Bar: Parallels New Interface and Product Strategy, Raising the Bar: Introducing Parallels Next-Level Redesign and More, Introducing Heiko: Parallels Parachain on Kusama, Parallel Finance: Web3 Grant Announcement, Parallel Finance: Multi-Dimensional Yield, Introducing Parallel Finance: An Institutional-Grade Lending Protocol for the Next Generation of, Parallel Finance: Introducing Major Product Updates, and More to Come, The tokens rewarded will be vested linearly across a two year time frame, Up to 40% bonus when you contribute early to Parallels crowdloan (before Nov 10, 2021), 1,000 NFTsto 1,000 randomly selected contributors. updates straight to your inbox! Thanks for the response. Stats show some staple food products have seen huge price rises in the past year, including milk, butter and oil. It is a simple yet powerful way for teams to build their communities and secure extra funding. SubQuerys protocol abstracts away blockchain data idiosyncrasies with the SubQuery SDK, allowing developers to focus on deploying their core product without needlessly wasting efforts on custom backend technologies. It's been a huge milestone in a very short period of time. Discover something new every day from News, Sports, Finance, Entertainment and more! $20 million available to fuel economic growth from hydrogen technologiesCALGARY, Alberta, July 20, 2022 (GLOBE NEWSWIRE) -- Alberta Innovates and the Government of Alberta are announcing the first Advancing Hydrogen Competition 1 program. While there have been a few changes since our last bid for a parachain spot in batch 2, some things have remained the same. Reproduction in whole or in part in any form or medium without express written permission of MDD Group FZE LLC is prohibited. Bug Bite Thing, the chemical-free, reusable insect bite relief suction tool, is thrilled to announce its partnership with Dr. Mona Amin, D.O., FAAP. Save my name, email, and website in this browser for the next time I comment. Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. The provincial hydrogen economy is a key component in Albertas Recovery Plan and the provincial Hydrogen Roadmap. Its not clear why these deposits were made via smaller DOT amounts, potentially Parallels Crowdloan proxy vehicle was set up to contribute a maximum amount of this value each time. Throughout the auction process, Parallel finance was leading against its competitors like Clover Finance, Litentry and others. The community participation for Parallel Chain remained high and continued to peak throughout the auction process. Parallel Finance's credit reporting system provides lenders with an additional line of defense and brings a check against rogue institutional borrowers. The "Artificial Intelligence In Healthcare Market Size, Share, and Trends Analysis Report by Component (Software Solutions, Hardware, Services), by Application (Virtual Assistants, Connected Machines), by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering. Here at SubQuery we are very excited to continue working alongside the best Polkadot projects, and cant wait to see what the future has in store for us. It can be daunting to pick the right assets, especially in an economy that is currently haunted by talks of market crashes, recessions, and losses. Once Polkadex secures a parachain slot, the two networks will be able to interact synergistically. The $300 million crowdloan will help Parallel Finance to bootstrap its connection to the Polkadot network. Food and fuel prices drive UK inflation to 9.4pc Royal Mail losing 1m a day as it threatens union with split FTSE 100 hits three-week high despite surging inflation Matthew Lynn: Catastrophe Christine is about to plunge the eurozone into recession Sign up here for our daily business briefing newsletter. The purpose of crowdloans in the Polkadot ecosystem is to let users participate actively in helping projects secure a parachain slot. Introducing BIGGER REWARDS on Parallels Auction Loan with our New Rewards Pool, Probably Nothing! Parallel Finance had 20,000 less contributions to their crowdloan when compared to Astar. Linktreeopen in new window | Websiteopen in new window | Discordopen in new window | Telegramopen in new window | Twitteropen in new window | LinkedInopen in new window | YouTubeopen in new window, All USD prices are quoted at the price at the 3rd Auctionss close = USD$36.77. Press J to jump to the feed. SubQuerys data service is being used by most of the Polkadot and Kusama crowdloan and parachain auction websites live today. The rest of the two should do it in April. Fires have torn through much of the continent, with blazes occupying emergency services in Portugal, Spain, France, England and Germany as the nations buckled under the unusually high temperatures. Sequoia Jumps Into Token Plays With Investment in DeFi Project Parallel, Earn up to 12% extra on Clover crowdloan bonus by using Parallels auction loan, How to maximize your Manta crowdloan bonus: 6 Ways to increase your bonus. In a week of record-breaking heat in Europe, countries in the continent's warmer and drier southern belt have struggled to contain a swath of blazes that have stretched emergency services and blackened skies. Contributing liquidity to a project's parachain auction slot will yield rewards from the project team, usually through its native token. The Powerhouse Attending Polkadots Second DeFi Panel Series, HEIKO Token Distribution and Crowdloan UpdatesSept 2021, Heikos Parachain Crowdloan: Everything You Need to Know, Polkadot DeFi: Everything You Need to Know About Polkadots First DeFi Panel Series, Another Big Step: DeFi Alliance Accelerator Announcement, The Security of Polkadot: How it Works and How Parallel Makes It Stronger, How to Do DeFi on Polkadot: What Liquidations Are and How to Avoid Them, How to Do DeFi on Polkadot: A Tutorial for DeFi Strategies Using Parallel Finance, Polkadot. Ukraine first lady Olena Zelenska appealed face to face to U.S. lawmakers Wednesday for more air defense systems to help guard her country's skies, in an unsparing Capitol address showing the blood-stained baby strollers and small crumpled bodies left by Russian bombardment. That includes our partnership with Parallel Finance, which is intended to make loaning your DOT to support Polkadex easier and even more rewarding. As you can see in the chart below the auction was incredibly tight, with the lead passing between teams through the auction. In the end a total of almost 20 million DOT (US$735.4 million) was contributed across both two during the third auction. In addition, users who participate in the crowdloan allocations for projects pursuing a parachain slot can earn extra tokens with the rewards offered by, The purpose of crowdloans in the Polkadot ecosystem is to let users. Contributing liquidity to a project's parachain auction slot will yield rewards from the project team, usually through its native token. DOT Crowdloan Refund Guide (project expired case), Import Ledger wallet into PolkadotJS Guide, How to Maximize your Heiko Token for Greater Yield, Parallel Heiko Decentralized CrowdloanStay Liquid and Earn Yields while Contributing, Parallel Heiko Money MarketEarn Additional Yield from Lending or Collateralizing your Assets, Parallel Heiko Cross-Chain BridgeA Functional XCM Format, Parallel Heiko Yield FarmCompound your Rewards with our Farming Pallet, PARA Reward Distribution and Vesting Update. While the NFTs will be distributed soon after Polkadex secures a parachain spot, their utility is subject to changes and will not be applied until 2023. Parallel x Moonriver XCM Integration is Live! Parallel-Heiko secures the Tenth Kusama Parachain Auction Slot! This also allows Polkadex Crowdloan contributors to keep their initial DOT contribution liquid at all times.
Parallel Heiko WalletThe Multi-Chain Wallet that allows you to do more! Coinspeaker.com uses cookies to ensure the best experience for you, Revolut and Polkadot Partner Over Crypto Education Program, With No Token Dilution, Gnox (GNOX) Could Be Bear Market Proof Unlike Ethereum (ETH) and Polkadot (DOT), Two Altcoins Which Could Ignite 10x Growth: Gnox (GNOX) and Polkadot (DOT), UK Inflation Data Shows Historic Surge to 40-Year High at 9.4%, BNP Paribas Partners with Metaco to Enter Crypto Custody Space, Dow Jones Rally 754 Points Ahead of the Some Corporate Earnings Announcements, Twitter Wins Five-Day Expedited Trial in Lawsuit against Elon Musk, Bitcoin Breaks Past Its 200-Week EMA towards $24,000, Further Upside Possible. Similarly to the Moonbeam and Acala battle, this auction had significantly different styles of participation while maintaining a relatively equal amount of contributions. For the first event occurred on the 12th of November at 2:26am UTC when an account linked to Binance deposited in quick succession, 2,005,295 DOT (US$73.5 million) to Astar and 1,026,763 DOT (US$37.9 million) to Parallel Finance. Institutional-grade lending protocol Parallel Finance has finally managed to secure the fourth slot in the Polkadot parachain auction. as well as washing, dry-down and food-grade ethanol mediated extraction of microalgal oil from the biomass. 2022 MDD Group FZE LLC ALL RIGHTS RESERVED. Parallel Finance (PARA) managed to maintain and hold the lead from Clover Finance, Litentry and others throughout the entire process. As you can see in the following graphs there were two events to watch, the first was a huge spike in contributions to Astar on the 12th of November. The project with the highest bid wins, making crowdloans essential for many developer groups. All data is from the start of the Polkadot Crowdloans to the completion of the third auction on 3rd December 1.43AM UTC (block 7,957,704). When users use Parallel to engage with crowdloans, they receive a token to redeem DOT or KSM locked in the selected parachain. On this subreddit you can learn more about Polkadot, what makes it so exciting and engage in the Polkadot community! The NFTs are minted on Kusama. Polkadot is currently conducting auctions for six different parachain slots which will go live by December 17.
Both received a median contribution of 10 DOT (US$367.70) but Astar was able to attract the largest single contribution with 2,005,295 DOT (US$73.7 million). Furthermore, Parallel managed to hit the milestone of getting the third-largest amount in DOT contribution for all auctions. RICHMOND, Va., July 20, 2022--Afton Chemical Corporation, a global leader in petroleum additives, announced the recent completion of a $70 MM USD investment in its Sauget, IL Plants Automatic Transmission Fluid (ATF) additive production facility. On the parallel finance it still says "Clover to distribute". Thats just the base reward. However, platforms like Parallel show there are extra incentives to unlock while engaging in these activities without any visible downsides or drawbacks. Shop the Nordstrom Anniversary Sale for the best dresses for any occasionfrom cocktail parties to summer picnics. Dot Deep-Dive Part 2: Why Contribute to a Crowdloan? The Polkadot ecosystem has attracted tons of attention, and billions of dollars, due to its support of parachains.
The first distribution begins five days after parachains are deployed, with subsequent rewards sent to contributors every 92 days. The decentralized money market protocol offers numerous solutions, including Auction Loans - a borrowing interface for parachain auctions with incentives for users - and Parashares. The Polkadot ecosystem has attracted tons of attention, and billions of dollars, due to its support of parachains. These two accounts represent Parallel Finances Crowdloan proxy vehicle and Binance. There is a lot to be excited about in the Polkadot ecosystem. Herein Parallel Finance will hold the funds until the end of the allotted time. Parallel to the Lending Protocol, the foundation introduces a cross-alliance staking derivative to build an interest stacking module for lenders and stakers DOTs - xDOTs, Polkadot & Kusama ecosystem projects directory, Parallel Finance - DeFi Alliance Cohort 5 Demo Day, Intro to Parallel Finance - Interview on DefiSummit, Decentralized lending/borrowing and staking protocol , Contributing to the Parallel Heiko Crowdloan. To participate in the auction, users need to cast their votes by staking the DOT tokens. As said, the Polkadot auction process will conclude by mid-December 2021 and Parallel Finance will go live on December 17. Unsurprisingly, this number was less than the amount committed in the first auctions, however it is promising to see the auction amounts still being of significant value. The cDOT token basically represents a Crowdloan contributors locked DOT position. 15% early-bird bonus on all contributions made in the first 72 hours. The second even was a bit weirder, and was rather 25 separate events.In a 11 minutes, Parallels Crowdloan proxy vehicle made 25 identical contributions of 98,982 DOT (US$3,639,568.14) each to Parallel totalling 2,474,550 DOT (US$90,989,203.50). Moreover, Parallel Finance is the first - and so far, only - provider of a crowdloan product that aggregates all active projects and streamlines the contribution process. SEC Accused Of Overreaching, Asia-focused multi-currency stablecoin protocol, Bluejay Finance, raises $2.9M in funding, Crypto Exchange Zipmex Suspends Customer Withdrawals. Aside from providing a simple and easy-to-use interface for Polkadex Crowdloan contributors, Parallel Finance also gives Polkadexers the ability to keep their DOT liquid throughout the 96 week parachain lease, all while earning even more rewards. With cDOT, you can continue to take advantage of numerous DeFi protocols using a liquid asset, all while earning PDEX and more! As you can see in the graph below, the number of contributions were relatively constant, with simultaneous jumps in the contribution rate on the 17th of November to over 2,000 contributions in a 4 hour period. View source version on accesswire.com: https://www.accesswire.com/676878/Parallel-Finances-300-Million-Crowdloan-Seals-Fourth-Polkadot-Parachain. When I go to parallel finance website and connect my wallet, it shows all those rewards to be distributed. The lock-up rewards will be distributed in 9 sessions. Having two auctions that have been extremely competitive suggests a healthy ecosystem, and it is encouraging to see the amount of commitment that the community has shown. Her random act of kindness meant more than she thought.
parallel finance crowdloan
