Parallel offers margin staking, auction loans, staking derivatives, and an AMM curve that enables significantly higher capital efficiency for DOT and KSM holders.
Location: United States, California, Palo Alto
Employees: 51-200
Total raised: $2M
Founded date: 2021
Investors 10
| Date | Name | Website |
| - | Luben Capi... | luben.capi... |
| - | BlueBrown ... | bluebrown.... |
| 23.06.2021 | Lightspeed... | lsvp.com |
| - | Taihill Ve... | taihill.vc |
| - | Angel Coll... | angelcolle... |
| - | S32 | s32.com |
| 21.09.2021 | Breyer Cap... | breyercapi... |
| 20.12.2021 | Pantera | panteracap... |
| 06.09.2022 | Skylight I... | skylightin... |
| - | Blocktech ... | blocktech.... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 14.06.2021 | - | $2M | - |
Mentions in press and media 10
| Date | Title | Description |
| 29.11.2023 | How Crypto Extraordinaire Yubo Ruan Built Parallel Finance, Now Worth $500 Million | The key to staying ahead in decentralized finance (DeFi) is innovation and a clear vision. This sector, a blend of technology, finance, and blockchain, is reshaping how we think about financial transactions, lending, and asset management. A... |
| 19.05.2022 | North Korean scammers are posing as American job candidates to infiltrate crypto startups | North Korean scammers are pretending to be job candidates to collect paychecks from Web3 startups. Recruiters say they have strong resumes but know little English and can't talk about work experience. Advertisement Scammers from North Korea... |
| 05.04.2022 | Parallel Finance Doubles Valuation in $5M Funding Round | Parallel Finance, a lending and staking platform based on the Polkadot blockchain, raised $5 million at a $500 million valuation, twice the valuation of its token round last November. Investors in the strategic funding round included crypto... |
| 21.03.2022 | Parallel Finance, the DeFi Parachain Hub of Polkadot and Kusama, Launches New Products | Parallel Finance, the DeFi parachain hub of Polkadot and Kusama, has executed a coordinated launch of “six separate products in one day across many different DeFi primitives.” The complete list includes: Parallel’s Automated Market Maker (A... |
| 18.03.2022 | Parallel Finance launches 6 DeFi products in one day | Late last year, we wrote about Parallel Finance after the decentralized lending platform successfully secured the fourth slot in the Polkadot Parachain auctions. More than 30,000 contributors have contributed a total of 10.75 million Polkad... |
| 09.12.2021 | Parallel Finance’s $300 Million Crowdloan Secured Fourth Slot in the Polkadot Parachain Auction | Parallel Finance, a new decentralized lending and staking protocol on Polkadot and Ethereum, has successfully secured the fourth slot in the Polkadot Parachain auctions. More than 30,000 contributors have contributed a total of 10.75 millio... |
| 30.08.2021 | Polkadot’s Parallel Finance Raises $22M at $150M Valuation | Lending startup Parallel Finance raised $22 million in a Series A funding round that valued the polkadot- and kusama-focused decentralized finance (DeFi) protocol at $150 million. The round, one of the single-largest hauls for a project bui... |
| 14.06.2021 | Lending Startup Parallel Finance Raises $2M to Bring More DeFi to Polkadot, Kusama | Parallel Finance has raised $2 million to make decentralized finance (DeFi) a bigger part of the Polkadot ecosystem. “One of the biggest problems we are trying to solve is the lack of lending protocols in the Polkadot/Kusama ecosystem,” Par... |
| - | Алмазы августа: куда инвестируют Smart Money | Ежемесячно буду выкладывать сюда по 10-20 новых актуальных проектов на ранней стадии, которые стоит взять на заметку. 0 Обсудить 70 просмотров Euler Finance Euler Finance – это DeFi протокол на Ethereum. Ключевыми особенностями данного прот... |
| - | Алмазы августа. Куда инвестируют Smart Money. Часть 1 | Ежемесячно буду выкладывать сюда по 10-20 новых актуальных проектов на ранней стадии, которые стоит взять на заметку. 0 Обсудить 13 просмотров Euler Finance Euler Finance – это DeFi протокол на Ethereum. Ключевыми особенностями данного прот... |