Parallel Finance - Official Announcement Telegram

https://twitter.com/yuboruan/status/1591126475021127681?s=46&t=HdwyoQM2XoDBq2HaltWz6g

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.

Alameda invested $500k in Parallel Finance'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.

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!

https://twitter.com/paraspace_nft/status/1590406435342815233?s=46&t=nvKR7CCM5C_EgJAVAsSwNA

DEMO DAY IS COOOMING!

On Nov 11th at 11am ET, our very own Henry Spencer will do a live demo of Paraspace in our official discord, and reveal everything we’ve been building in the past few months.

Collateralizing NFT, Lending/Borrowing, Buy with Credit… You name it!

Get ready and join discord now:

https://t.co/Ev6c7lI9U4

https://twitter.com/parallelfi/status/1588569095334957057?s=46&t=FhJpgLXgq2JwB3z7ZRYWdw

We are thrilled to be part of the seed round for Cytus Finance together with reputable players within the space such as InfoTokenDAO, Eniac Ventured and Nyca.

Cytus is a DeFi protocol bringing investment opportunities to blockchain users looking for ways to invest in real world assets (RWA). This space is now being coined ‘Bridge-Fi’, as it sits at the intersection of DeFi and Trade-Fi.

With this collaboration, we aim to bring RWA into the Parallel ecosystem, and allow our users to borrow crypto assets against high quality offchain-loan backed tokens issued by Cytus.

Stay tuned.

https://twitter.com/illu_te/status/1588540128997576704?s=46&t=HVO890pP9FfMsYUC_K42fA

Announcement to our Parallel ambassadors!

With all of your participation, the ambassador program has been an incredible journey.

We would like to thank you for the great work and we want to announce now that we have completed the distribution of rewards to >220 ambassadors.

During the program, all these ambassadors have been constantly learning new things, helping to onboard new members and producing so much valuable content.

You guys have exceeded all of our expectation.

This is the reason why we have prepared a little surprise for you:

After a quick internal discussion, we have decided to double the PARA rewards for all ambassadors, simply because y’all deserve it!

Yes, you heard it right: the PARA rewards are doubled for everyone!

Dear Parallel ambassadors, now it’s time to check your wallet addresses and enjoy your reward!

As always in life, the completion of one chapter means the beginning of a new one. There are so many events, campaigns and competitions in the pipeline that we can’t wait to share with you.

As a starter, the next big event in the Parallel universe is the testnet campaign for Parallel X, which will start in roughly one week.

Please keep your eyes open for the next few days as we release more information regarding the testnet campaign.

We are looking forward to having every single Parallel community member to be part of this new chapter! 🙌

https://twitter.com/parallelfi/status/1588377051073228802?s=46&t=Hl_tUZONolkx1tcHuAiUJQ

Welcome onboard @InterlayHQ!🧑‍🚀

INTR, iBTC, KINT and KBTC are now LIVE on Parallel/Heiko AMM.

Users can now bridge over their Interlay assets using our Cross-Chain product, and start exploring new DeFi possibilities in the Parallel ecosystem.

Read More:

https://medium.com/parallel-finance/intr-ibtc-kint-and-kbtc-are-now-supported-on-parallel-heiko-amm-d0bd691bd328

https://twitter.com/Parallel_X_/status/1588163986838917121?s=20&t=Axz3bJwh8W7P3Jf5Sx8-kA

Introducing Parallel X, the new era of NFT Lending Protocol.

This introduction series contains 3 parts, each bringing you a new definition to what an NFT Lending Protocol can achieve.

Now, enjoy the Part 1:

「Universal Liquidity, Instantly Unlocked」

https://medium.com/parallel-x/introducing-parallel-x-pt-1-universal-liquidity-instantly-unlocked-1ff168001350

https://twitter.com/parallelfi/status/1587666683212496897?s=46&t=sTrD7t3g0fSUU4Q_S3IICw

Ajuna Network @AjunaNetwork is now LIVE on Parallel Liquid Crowdloan 🎉🎉

Participate now and earn 10 AJUN + extra 4 PARA/DOT on:

https://crowdloan.parallel.fi/#/contribute/2051

https://twitter.com/parallelfi/status/1587749820764037122?s=46&t=EtDqd-Lz0pfr8DnN_SwZWw

The Parallel Community Updates Newsletter for October is here!

Each month, we'll send you a summary of all the latest announcements, news, partnerships, product updates, and more! 🗞

Check out the issue here ⬇️ and subscribe!

https://mailchi.mp/523c8d8437d0/parallel-finance-october-2022-community-updates

https://twitter.com/parallelfi/status/1583489125776510976?s=46&t=gP_AWSsN80ad2gP9m3qDzw

🍻Gather around, our fellow Parallel friends!

Next Monday, we will host a community call in our official discord to discuss everything happening in the Parallel universe. 🧑‍🚀🪐

Have a question you wish to be answered?

Fill up the google form below:

https://docs.google.com/forms/d/e/1FAIpQLScQ5NNUUfYNX0_KalYIOP7KYMRMHTB1Mwv6iEyEDxOGx8wf9A/viewform?vc=0&c=0&w=1&flr=0

https://twitter.com/parallelfi/status/1583324214920372227?s=46&t=9XyD7DmX-iGP2F2CldIZYA

ICYMI, ACA/PARA and KAR/HKO LP Pairs are now live on Parallel and Heiko Farming Product respectively.

Earn extra PARA/HKO token rewards by depositing your LP tokens at:

Parallel - app.parallel.fi/farm
Heiko - app-heiko.parallel.fi/farm

https://twitter.com/parallelfi/status/1582651916685053952?s=46&t=UExrGxp2iTMW7XTP0gWI4A

USDT is now supported as a collateral on both Parallel and Heiko Money Market!

User can borrow up to 65% the value against their $USDT collateral.

Time for Polkadot Capital Efficiency to go up only.📈

Also, Collateral Factor for $PARA on Money Market is being adjusted as well:

5% —> 10%

Enjoy the borrowing season folks!

https://twitter.com/parallelfi/status/1580843560588300288?s=46&t=PpyEnZdUlBQu4pzntWG9mA

Welcome onboard, Acala Community!

You are now able to bridge over your $ACA, $LDOT and $lcDOT onto Parallel Ecosystem and start to explore a new set of DeFi opportunities that are secure, fast and user-centric.

Read More:

https://medium.com/parallel-finance/aca-ldot-and-lcdot-are-now-supported-on-parallel-amm-and-money-market-8b102c133e00

https://twitter.com/parallelfi/status/1580142519496871940?s=46&t=7CZfUHCFK2hz29wmB_gHCw

USDT is now live on Parallel Finance and Heiko Network!

❇️Bridge USDT freely between Statemint/Statemine and Parallel/Heiko

❇️ Trade between USDT and supported assets on Parallel AMM

❇️ Supply and borrow USDT with Parallel Money Market

Read More:

https://medium.com/parallel-finance/usdt-is-now-supported-on-parallel-heiko-amm-and-money-market-8095ebb9b088

https://twitter.com/parallelfi/status/1577950139389726720?s=46&t=C885cAUEbFIXV9iOsbCqXQ

Result from Parallel Wallet Gleam Campaign is here!

Congrats to all the winners!🎊🎊

Check out the spreadsheet below to see if you have been selected as 1 of the 30 lucky participants.

We will start sending out emails to all the selected participants for your Parallel address to distribute rewards.

There will be a 5-days grace period for us to collect information. Failure to respond in time might result in disqualification.

https://docs.google.com/spreadsheets/d/10IssH6UqSU0OPmomq50CdG3ZslpZ5ykUSYaSToyr7Ig/htmlview

https://twitter.com/parallelfi/status/1577224116679364608?s=46&t=amJGoUquJAASOaN0ooovrA

Did you know?🤔

The Relaychain Balance shown on the Parallel overview page already has the 1 DOT reserve that you need to keep the account alive subtracted.

This is why the Balance shown here is 1 DOT less than the balance shown on your Polkadot.js.

We specifically design the UI this way, so our users can safely transfer their DOT to Parallel Parachain without ever worrying about losing their account.

The Parallel Community Updates Newsletter for September is here!

Each month, we'll send you a summary of all the latest announcements, news, partnerships, product updates, and more! 🗞

Check out the issue here ⬇️ and subscribe!

https://mailchi.mp/parallel.fi/parallel-finance-september-2022-community-updates

https://twitter.com/parallelfi/status/1575875196871147526?s=46&t=a0twAaVlo8deNiTkxLEcqg

Notice something interesting here? 👀

USDT/PARA and USDT/HKO liquidity has now been added to Parallel and Heiko AMM!

Cross-chain coming soon.

https://twitter.com/parallelfi/status/1575035723476267008?s=46&t=f8IPseqcu6Xqdx18AEnC-Q

New feature Alert!

💥 One-Click Yield for DOT 💥

With this feature, you can leverage all the yield opportunities across Parallel and maximize DOT APY with one single click.

Read More:

https://medium.com/parallel-finance/one-click-yield-for-dot-defi-made-accessible-again-cfe512ebe8c5

DeFi made accessible, again.

One-Click Yield allows you to gain immediate access to multiple DOT yield opportunities available on Parallel Finance, with one simple click.

Decentralized, as always.

Although the simple one-click yield might remind you of the old CEX days, this new feature is just as decentralized as any on-chain transactions.

What’s a better way to celebrate the grand launch of Parallel Wallet than an old-fashion gleam campaign 👀

🎁 2,500 $PARA each for 30 lucky participants who have fulfilled all tasks

🎁 10,000 $PARA each for top 5 participants with the most invites

https://gleam.io/BYmOa/parallel-wallet-grand-launch-campaign