Parallel Finance - Decentralized Money Market Protocol
Parallel Finance is a unique decentralized money market protocol. It offers its clients lending, betting, and borrowing in the Polkadot ecosystem.
The project is able to significantly increase the efficiency of capital use for DOT and KSM holders.
Parallel Finance margin rates
Considering the margin rates, you can see that the essence is as simple as possible. It consists in the fact that users must simultaneously provide loans and place their assets. This feature is especially useful when users are staking their DOT and KSM. At the same time, you can quickly increase your profits by making money transactions on the platform.
Features of the insured staking
PoS blockchains use slashing to avoid further stimulating bad node dynamics. Users who have been nominated as validators suffer from these problems. Parallel Finance protects clients from these kinds of problems. Accordingly, users can place a bet and protect themselves from potential risks. The commission will be redistributed in case of reduction.
A special algorithm is responsible for this, which selects only the most productive nodes. This approach allows you to simplify further interaction with the platform.
Predicted yield curve
The Parallel Finance platform is regularly updated. One of the most important is the effective curve for interest rate tokens. This reduces possible slippage to zero. In this case, it is possible to simulate increased liquidity for each swap. It also gives users the ability to change and exit interest positions with the highest possible values.
Parallel Finance also uses a three-way pool in its work. Other projects only implement two-way AMM pools. Stable operation is a characteristic feature of such pools. The pool works stably and provides full AMM slippage. Parallel Finance can further provide slippage for swaps that use 1/6 of a specific pool.
PARA Token Utility
All PARA token holders will be able to vote on the project. At the same time, users will be able to offer:
- control measures;
- referendums;
- updated networks;
- adjustments of parameters;
- elections to councils.
PARA is its own commission token, which is required to perform certain functions. The token can also be used to incentivize pickers or validators, which is a mechanism.
The token can also be used to hedge risks, incentivize rewards, and share profits. Insurance parameters are determined on an individual basis.
Auction credits
All projects that are interested in finding sources of DOT and KSM for their partners will be able to use Parallel as a level of coordination. It will also be possible to request loans with a fixed or floating interest rate.
Parallel Finance is also capable of solving the liquidity problem of users who were blocked by DOT and KSM. The project offers the opportunity to tokenize deposits as acquired shares. This is necessary for depositors to remain liquid throughout the entire term of their deposits.
Key Benefits of Parallel
The market now has the highest recoverable value of any unused DeFi market. Parallel Finance has every chance of becoming the first. Auction loans are considered very tempting for users who have plans to launch their own tokens.
Contact information:
Website: https://parallel.fi/index.html.
Twitter: https://twitter.com/ParallelFi.
Discord: https://discord.gg/ATAHC6Up.
Telegram: https://t.me/parallelfi.
My discord name: Frik_out#8804.