Parallel Network
@ParallelFi
Followers
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Following
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6,283
The first omni-chain L2 that unifies liquidity from any chain into one place. Backed by $30M from @sequoia , @polychain , @foundersfund , and more.
Joined July 2022
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Send us removal request.
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「🪐 ParaSpace: First Contact」
Testnet Explorer Registration is imminent.
Starting Nov 14th, complete tasks and claim badges of different ranks on
@Galxe
.
Register yourself as one of the first explorers onto the land of ParaSpace.
Read More:
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1/ The Parallel mainnet is now open for developers!
Parallel is the first omni-chain L2 blockchain built on
@arbitrum
that unifies liquidity from any chain into one place.
One account. Instant liquidity. Across any chain.
Get started:
More info 👇
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1/ The
@ParallelFi
Early Access testnet is now open!
Explore the first omni-chain L2 with unified liquidity, native yield, NFT yield, restaking, and more.
Use the testnet now:
More below 👇
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New Galxe campaign is live 🚀
Join us and learn more about Parallel Network, our omni-chain L2, and why it's needed. Powered by
@Galxe
:
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1/ Coming in the next 1-2 weeks:
@ParallelFi
Early Access
The first omni-chain L2 with unified liquidity, native yield, NFT yield, restaking, and more!
Find out how you can earn up to SIX sources of yield + incentives 👇
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Omni-chain liquidity is the future.
Parallel is designed to power omni-chain liquidity through three innovative mechanisms:
1. Broker Accounts
Parallel Network employs native L2 Broker Accounts, effectively proxy smart contracts, which behave as trustless and noncustodial…
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We are thrilled to see all of the incredible support behind our points system so far!
Parallel Points offer more opportunities and benefits to our community members.
With this, we are releasing two more initiatives powered by points 👇
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We are happy to have Parallel’s native bridge powered by
@superbridgeapp
!
The Parallel mainnet is currently open to developers and users can now bridge ETH to Parallel ahead of our Early Access program.
Bridge now:
This week we officially welcomed
@ParallelFi
to the Superbridge↔️!
Give it a go and experience easy + fee free bridging
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Parallel is the first omni-chain L2 that unifies liquidity from any chain into one place.
With a DeFi Super App already in the heart of the
@Polkadot
ecosystem, Parallel aims to aggregate liquidity across all chains to Polkadot, and vice versa.
Learn more 👇
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Parallel is about to have an airdrop event with
@UltiverseDAO
.
Complete tasks on the Parallel chain through Ultiverse to earn points and share up to 1% token airdrop.
Join the Parallel community and stay tuned for further detailed rules!
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As the first omni-chain L2, Parallel unifies liquidity across all chains.
Combining omni-chain lending, universal liquidity, and more across our ecosystem, users will be able to supply NFTs or ERC-20s from one chain and use the liquidity across any chain.
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We're excited to work with
@conduitxyz
to power Parallel Network's rollups with
@arbitrum
's orbit stack under the hood.
Together, we're building the first omni-chain L2 that unifies liquidity from any chain into one place.
One account. Instant liquidity. Across any chain.
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1/ Introducing Parallel Network 🔮
Parallel is the first omni-chain L2 blockchain powered by
@arbitrum
that unifies liquidity from any chain into one place.
One account. Instant liquidity. Across any chain.
Learn more 👇
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Parallel Community Airdrop 🪂
All Parallel users will be eligible for an upcoming points airdrop!
More details to be announced soon.
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Introducing the Parallel Testnet Galxe campaign 🚀
Explore the testnet for the first omni-chain L2 with unified liquidity, native yield, NFT yield, restaking, and more!
Powered by
@Galxe
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1/ The Parallel Early Access testnet is crushing all expectations!
In one week since launch, we've seen >16,500 users and >2,500 teams use the Parallel testnet.
Get started at:
Learn more 👇
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New PARA faucet 💧
We're excited to work with
@subwalletapp
for their PARA faucet.
Eligible wallets can now claim 1 PARA per wallet to cover gas fees on Parallel's Polkadot network.
Use faucet now:
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Introducing ParaX 🌐
ParaSpace and Parallel Finance are merging and rebranding to create ParaX, a broader, omni-chain platform that encompasses both products.
With this, ParaX will become a Web3 super app powered by account abstraction and zkVM.
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1/ We're thrilled to have teamed up with
@zkLink_Official
! Some highlights:
• Embrace high-performance ZK-DApps with the only multi-rollup Layer 3.
• Deploy once across a thousand blockchains.
🧵 ⤵️
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1/ Parallel's Early Access testnet is taking off 🚀
5,000 users
1,000 teams
Don't miss your chance to become a first explorer on the first omni-chain L2 that unifies liquidity from any chain into one place.
Try it now:
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GM ✨
If you have testnet invite codes, share them below
If you need one, now's your chance 👇
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𝔚𝔢 𝔥𝔞𝔳𝔢 𝔫𝔬𝔴 𝔩𝔞𝔫𝔡𝔢𝔡 𝔬𝔫 𝔱𝔥𝔢 𝔰𝔲𝔯𝔣𝔞𝔠𝔢 𝔬𝔣 𝔱𝔥𝔦𝔰 𝔲𝔫𝔠𝔥𝔞𝔯𝔱𝔢𝔡 𝔡𝔦𝔪𝔢𝔫𝔰𝔦𝔬𝔫, 𝔓𝔞𝔯𝔞𝔖𝔭𝔞𝔠𝔢, 𝔞𝔰 𝔱𝔥𝔢 𝔭𝔯𝔬𝔭𝔥𝔢𝔱𝔰 𝔠𝔞𝔩𝔩 𝔦𝔱.
𝔗𝔥𝔢 𝔯𝔢𝔤𝔦𝔰𝔱𝔯𝔞𝔱𝔦𝔬𝔫 𝔟𝔢𝔤𝔦𝔫𝔰 𝔫𝔬𝔴:
𝔤𝔞𝔩𝔵𝔢.𝔠𝔬𝔪/𝔓𝔞𝔯𝔞𝔖𝔭𝔞𝔠𝔢
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Parallel's Early Access Testnet opens this Monday 🗓️
Your chance to be a first explorer on the first omni-chain L2 with unified liquidity and six sources of yield + incentives!
More below 👇
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Incoming points airdrops 🪂
We are considering giving free points airdrops to some of the top NFT communities! Who do you think we should airdrop to?
Let us know 👇
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Have you tried the Parallel Testnet yet? 👀
Get started now:
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Announcement to Our Community 📣
We're integrating five more collections with the
@chainlink
oracle. Meanwhile, the
@chainlink
oracle's price feed would include Blur as a new price source, significantly improving the reliability and accuracy of our oracle system.
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Parallel Testnet Airdrop Event User Guide
The Parallel testnet airdrop event is ongoing! Complete the designated tasks, earn points, and explore an omni-chain future.
Check out the guide 👇
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2/ Learn more about Parallel's Early Access testnet:
1/ The
@ParallelFi
Early Access testnet is now open!
Explore the first omni-chain L2 with unified liquidity, native yield, NFT yield, restaking, and more.
Use the testnet now:
More below 👇
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2/ We've designed an innovative UI/UX to make the omni-chain lending process easier, faster, and more intuitive.
Once you're on the testnet, click on "Apps" to view all of Parallel's apps.
From there, you can view your wallet, lending, airdrop, and more.
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Exciting things coming 🔜
Make sure you turn notifs on 🔔
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"Fragmented liquidity"
"Too many chains"
"Horrible wallet UX"
"Gas fees are too high"
The solution → Parallel Network
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We're excited to partner with
@Hyperlane_xyz
⏩
Hyperlane is the first interoperability framework that enables permissionless connection to any blockchain.
This partnership enables Parallel to build support across 16 chains, further enhancing Parallel's omni-chain experience.
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𝔓𝔬𝔰𝔱 "ℑ 𝔞𝔪 𝔖𝔲𝔪𝔪𝔬𝔫𝔢𝔡 𝔟𝔶 𝔱𝔥𝔢 𝔊𝔬𝔡 𝔬𝔣 𝔓𝔞𝔯𝔞𝔖𝔭𝔞𝔠𝔢. #ℑ𝔜𝔎𝔜𝔎." 𝔬𝔫 𝔗𝔴𝔦𝔱𝔱𝔢𝔯.
5 𝔖𝔢𝔱𝔱𝔩𝔢𝔯𝔰 𝔱𝔬 𝔟𝔢 𝔠𝔥𝔬𝔰𝔢𝔫.
𝔅𝔗𝔚, 𝔖𝔱𝔶𝔩𝔢 𝔐𝔞𝔱𝔱𝔢𝔯𝔰.
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Updates on the
@ParallelFi
token $PARA on Polkadot:
Parallel's previous $PARA token has been delisted as we prepare for the launch of Parallel's Layer 2 and new token.
All current $PARA holders will receive an airdrop of the new token after TGE based on a snapshot at a later…
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Experience best-in-class lending on Parallel's Testnet
1. Bridge ETH to Parallel from Goerli or Sepolia
2. Use the testnet faucet to receive ERC-20s and NFTs
3. Supply any ERC-20 or NFT into lending
4. Borrow any ERC-20 against your collateral
And that's it ✅
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The ultimate guide for Parallel Testnet ✅
Be among the first to explore Parallel Network, an omni-chain L2 that aggregates liquidity from any chain into one place, enabling true cross-chain DeFi and restaking.
If you're just starting to explore the testnet, this is for you 👇
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Why Parallel chose the industry-standard
#Chainlink
CCIP and NFT Floor Price Feeds to help unlock secure and gas-efficient NFT lending 📷
In December 2023,
@ParallelFi
integrated
#Chainlink
CCIP & NFT Floor Price Feeds to help unlock gas-efficient NFT lending.
They chose Chainlink for its industry-standard security and reliability.
The result: A 50% reduction in gas costs and a 20% increase in pricing accuracy.…
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As the Parallel Network airdrop event gets closer, please make sure you are following key safety principles:
🔒 Keep your seed phrase stored safely
⛔ Never input your seed phrase or private key into an unknown site
💬 Team members will never DM first for support
✅ Always…
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Did anyone say airdrop? 🪂👀
Parallel L2's Points & Airdrop system rewards users directly for their engagement and support.
Convert points into future airdrops at a predetermined rate.
Learn more about it 👇
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🎄To celebrate this holiday season, we’re giving away 1
@Ledger
STAX NFT (redeemable for Ledger’s newest hardware wallet worth $279 USD)! Winner will be drawn on 1/2/23 🎅
To enter:
- Follow
@ParaSpace_NFT
- Like + Retweet
- Join the ParaList at
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Great thread by
@S4mmyEth
explaining Parallel's omni-chain L2 and our Early Access testnet 🫡
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This is exactly what we're building at
@ParallelFi
.
An omni-chain L2 that unifies liquidity from any chain into one place.
✅ Account abstraction
✅ Gas now, pay later
✅ Omni-chain apps
✅ Innovative UI/UX
One account. Instant liquidity. Across any chain.
There's an open opportunity for a full stack layer 2.
Own the wallet ux (account abstraction).
Own the economics (no user fees).
Own the apps (killer apps and app store).
Fully integrated UX.
Max consumer friendly.
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Raise your hand if you're farming over the weekend ✋
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1/ Introducing our Alpha Cross-Chain Bridge 🌉
We are excited to release our mainnet Alpha cross-chain bridge, supporting more than 24 different assets across Ethereum, Arbitrum and Manta networks.
More below 👇
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The Parallel testnet will have a new round of upgrades in the next two days.
We will unify the token standards among wallet, lending, bridge and airdrop products on Parallel testnet, supporting users a better interaction experience on the Parallel testnet.
Please note that the…
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Parallel Network x
@UltiverseDAO
We are delighted to form an exclusive strategic partnership with Ultiverse!
Parallel will conduct an airdrop campaign for Ultiverse users, distributing up to 1% of total tokens. Specific rules to be announced in the future.
Stay tuned!
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We're excited to work with
@superbridgeapp
for Parallel Network's native bridge and power an omni-chain future for everyone ↔️
Bridge now:
Learn more in thread below:
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🥳We're excited to announce our strategic partnership with
@BridgeM_io
, an interoperability solution for
#BTCLayer2
&
#ETHLayer2
.
🔥Our exclusive airdrop campaign is coming soon!
🙌Stay tuned.
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Testnet Announcement 🚨
We are currently working on deploying Parallel Mainnet.
This may temporarily affect the claim of test tokens on the testnet. We will let you know when it’s finished and testnet tokens can be claimed normally.
Thank you for your understanding.
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108,000 users and 1,500,000 transactions on Parallel's testnet!
We sincerely appreciate all of the feedback and ideas from our community as we work to implement them for our Early Access launch.
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New discord server coming in tomorrow.
Settlers will be summoned accordingly.
Turn your notif on ☄️
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We have updated the Parallel Testnet RPC configuration. Below are the new RPC configuration details:
Name: Parallel Testnet
RPC:
Explorer:
ChainID: 9659
Learn more:
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Connecting with Parallel's Testnet 🔄
In order to connect to the Parallel testnet, you'll need to add the new network and RPC details.
More info:
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Parallel Network x Ethena
We're excited to partner with
@ethena_labs
to bring USDe deposits and native staking to Parallel Network's omni-chain L2.
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Parallel Network will unlock a new realm of possibilities.
Soon.
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2/ By participating in Early Access, Parallel users will earn up to SIX sources of yield + incentives:
✅ ETH Staking APR
✅ Restaking APR
✅ EigenLayer Points
✅ Liquid Restaking Token Points
✅ Parallel Diamonds
✅ Additional Parallel and Partner Bonuses
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Thank you for 200k followers 💜
The Parallel fam continues to grow!
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10/ The Early Access testnet marks Parallel's first step in achieving omni-chain liquidity for all users and across all chains.
Learn more about Parallel's Early Access:
1/ Coming in the next 1-2 weeks:
@ParallelFi
Early Access
The first omni-chain L2 with unified liquidity, native yield, NFT yield, restaking, and more!
Find out how you can earn up to SIX sources of yield + incentives 👇
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On Nov 21, 7pm PT, ParaSpace Founder
@yuboruan
will be joined by Moonlight from
@UltiverseDAO
and discuss:
🪐 Cross-Margin NFT-Fi Model
🪐 ParaSpace for $APE Staking
🪐 NFT Buy Now Pay Later
3 Settler Spots will be given away during the streak.
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Time for another Settler Drop.
Show us your best analytical twitter thread 🧵 on ParaSpace.
Native Language ✅
5 Settlers will be summoned.
(No more Testnet Guide plz)
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We've made new updates to Parallel's Testnet bridge and wallet 🔨
Explore a seamless, all-in-one dashboard to bridge, lend, hold assets, and more.
Try it now:
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All Parallel Points earned through lending and all Parallel Diamonds earned through Early Access will go towards the future airdrop for Parallel governance tokens.
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Introducing: Bridge Activity 🌉
Bridge to testnet, track your activity, and become a first explorer in the Parallel ecosystem!
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Parallel has being buidling…
And we can’t wait to show you ⏳
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Parallel Network's key features:
📈 Multi-Tier Yield Structure
🏦 Broker Accounts
⛓️ Omni-Chain Liquidity Vaults
🔄 Omni-Chain Execution Layer
See it all in action 🔜
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As the first omni-chain L2, Parallel unifies liquidity across all chains. Parallel will also offer:
⛽ Gas now, pay later
⛓️ Omni-chain liquidity outposts
🔮 Intent-centric execution
📈 Native yield for all assets
🔒 Arbitrum's security
Early Access arrives soon!
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3/ On Goerli, head over to the Wallet app to see your ERC-20 and ERC-721 balance.
Click on 'get test tokens' to receive various ERC-20 and ERC-721s to utilize on the testnet.
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Parallel Network x Kelp
We're thrilled to partner with
@KelpDAO
to bring rsETH deposits and native staking to Parallel Network's omni-chain L2.
By supplying rsETH during Parallel's Early Access, users can earn a 1.5x bonus on both Kelp and Parallel points.
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1/ Parallel X
@BridgeM_io
airdrop event is online!
1. Bridge Manta, Stone, and wUSDM from Manta to Parallel
2. Bridge mStone, solvBTC (in beta) from Merlin-Chain to Parallel
3. Earn parallel daily points
Acess:
Details:
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3/ Parallel's Early Access is designed to power our omni-chain liquidity network, and at the same time provide yield + incentives for early users.
To do this, we have many LRT, LST, and NFT partners to provide the best opportunity to earn native yield and maximize incentives.
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One mission: Parallel Network will bring 1 billion people to DeFi.
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We are proud to be supported by a remarkable group of investors and partners, including
@sequoia
,
@polychain
,
@blockchaincap
,
@cbventures
,
@foundersfund
, and more.
With this support, Parallel combines omni-chain lending, universal liquidity, and more across our ecosystem.
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We're excited to integrate
@chainlink
CCIP, the industry standard for secure cross-chain interoperability, across
@avax
and
@ethereum
.
By leveraging CCIP's arbitrary messaging functionality, we've unlocked gas-efficient NFT lending by passing data from Chainlink's NFT floor…
.
@ParallelFi
has integrated
#Chainlink
CCIP on
@avax
and
@ethereum
to help unlock gas-efficient NFT lending.
Explore how the combination of multiple services on the Chainlink platform unlocks a variety of novel use cases ⬇️
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We alongside
@BlockSecTeam
have identified the cause of the exploit that occurred earlier on the ParaSpace protocol, and we are relieved to share that all user funds and assets on ParaSpace are safe and secure. No NFTs were compromised and financial losses to the protocol are…
1/ There is a flawed logic in borrow() of the ParaProxy contract (0x638a) of
@ParaSpace_NFT
. The attacker can borrow more tokens as his scaledBalance will be enlarged by depositing into the position of the proxy (0xC5c9), i.e., specifying the _recipient of depositApeCoin().
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The Testnet Explorer Registration has now officially concluded.
Explorers, thank you all for your participation.
The remaining Settler Roles will be distributed in the following days.
See you on Mainnet.
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Parallel’s ecosystem is growing.
We have over 30+ dApps.
Buildlers are building👷♂️
Get started:
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Parallel Network x Stader Labs
We're thrilled to partner with
@staderlabs
to bring ETHx deposits and liquid staking to Parallel Network's omni-chain L2.
Stader is a non-custodial liquid staking platform that helps you conveniently discover and access staking solutions.
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Parallel Network is open for buildooors 💻
As the first omni-chain L2, Parallel unifies liquidity from any chain into one place, providing the infrastructure to build a truly interoperable and omni-chain future for everyone.
Learn how you can get started 👇
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All the hype is fun and all, but we have a serious business to run.
Time for some technical reading folks.
Introducing ParaSpace pt.2 —
「Blended Dutch Auction」
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We are excited to work with Pyth to secure our price feeds.
As the largest and most trusted oracle network, we will work closely with Pyth to ensure secure and accurate market data for Parallel and its products.
The First Omni-chain Restaking L2 now powered by the
@PythNetwork
?
Indeed, the Pyth Price Feeds are now available on
@ParallelFi
and already secure the Parallel Super App
Learn more below:
ℹ️ About Parallel Network
Parallel Network is the first omni-chain restaking L2 that…
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Get ready for ParaSpace 2.0 🌐
Our largest upgrade to date and an important step towards decentralized liquidity.
👇
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As the first omni-chain L2, Parallel can unify NFT liquidity on all chains.
Collateralize top-tier NFTs and use the instant liquidity on any chain, in any market.
Redefining NFT finance 🔮
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5/ Next, go to the Parallel app and head to the Airdrop app.
Enter the initial code 'PARAL' and finish the Airdrop steps.
Once finished, go to My Team to copy your code.
Invite your friends to participate and earn points!
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Parallel Community Announcement
The parallel mainnet will no longer support DeGods assets starting April 17. We have confirmed that there are no DeGods collateral assets on the parallel mainnet.
Please note that users will not be allowed to deposit, supply, or borrow DeGods on…
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