Parallel Finance
Polkadot-based super DeFi protocol offering lending, staking, and liquid crowdloans for the Polkadot and Kusama ecosystem
- No KYC or registration
- Non-custodial — your keys, your crypto
- 1000+ supported exchange pairs
- Best available exchange rate
Parallel Finance Price Chart
About Parallel Finance
Parallel Finance is a DeFi super app built on its own Polkadot parachain, offering lending, borrowing, staking, and liquid parachain crowdloans within the Polkadot ecosystem. Users can access DOT and KSM staking while maintaining liquidity through Parallel's liquid staking tokens (cDOT, cKSM). The platform also enables users to participate in Polkadot parachain slot auctions without locking their DOT for long periods through the liquid crowdloan feature. PARA is the governance and utility token for the Parallel Finance protocol.
History
How to Swap PARA
Swapping Parallel Finance (PARA) on SyntheticSwap requires no registration or KYC. PARA is a Polkadot ecosystem token, supported by Polkadot.js extension, Talisman, SubWallet, and Ledger. Open SyntheticSwap, select PARA as your source or destination asset, provide your receiving wallet address, and confirm the floating rate. After sending PARA to the deposit address, the destination asset is automatically delivered to your wallet once the transaction is confirmed.
How to Store PARA
Store PARA in Polkadot.js extension, SubWallet, or Talisman wallet for the native version. PARA may also exist as an ERC-20 token compatible with MetaMask.
