Parallel Finance
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Parallel Finance

Image courtesy of Kay Lee.

Another Big Step: DeFi Alliance Accelerator Announcement

Parallel is pleased to announce it has been accepted into the DeFi Alliance Accelerator program!

DeFi alliance has incubated some of the top DeFi projects in the industry. Projects like Synthetix, DYDX, Ribbon, Acala, Loopring, and the list goes on. Access to the accelerator offerings include introductions to market makers, education, mentorship, regional support, and office hours.

It is no coincidence that the projects DeFi Alliance accepts tend to find success in many different areas. The application process is quite selective, and the teams receive networking passes that ultimately to help them reach higher heights.

Some of the stats from previously accelerated projects are quite noteworthy. Acala, for instance, became the first parachain to launch on Kusama. Ribbon Finance, which is a project on Ethereum, recently hit a 100 million dollars in TVL, and they haven’t even launched a token. Synthetix has the largest market cap of any derivatives protocol, and Zerion has one of the most often used decentralized wallet apps in all of blockchain.

As always Parallel is humbled and grateful for this new opportunity, and we look forward to working together!

A special thanks to our partners for their continued support.

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Disclaimer:

This article contains forecasts, projections, goals, plans, and other forward-looking statements regarding Parallel’s financial results and other data. Such forward-looking statements are based on Parallel’s assumptions, estimates, outlook, and other judgments made in light of information available at the time of preparation of such statements and involve both known and unknown risks and uncertainties. Accordingly, plans, goals, and other statements may not be realized as described, and actual financial results, success/failure or progress of development, and other projections may differ materially from those presented herein. Even when subsequent changes in conditions or other circumstances make it preferable to update or revise forecasts, plans, or other forward-looking statements, Parallel disclaims any obligation to update or revise this article. Information concerning risk or returns (including features under development) contained herein is not intended as advertising or as financial advice.

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Parallel Finance

Parallel Finance

2.5K Followers

Decentralized lending, staking, and borrowing built on the Polkadot Ecosystem.