Parallel Finance
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Parallel Finance

HKO Listing On-Chain Vote is Open

Like the greater Polkadot protocol, Parallel Finance uses a cutting-edge governance model that is designed to achieve a healthy network that adapts to its users’ needs. The model is designed to enable transparency, accountability, and an inclusive and representative community engagement.

In the light of this, we would like to invite you to participate in an on-chain vote to decide together if the HKO token should be listed on cryptocurrency exchange platforms. The vote will last for 4 days and the result is final. As such, we ask you to decide thoughtfully and vote accordingly. As a decentralized protocol that is focused on community-based governance, we have prepared this how-to guide so that interested HKO holders can vote easily.

Please follow the step-by-step guide carefully to let your vote count:

1. Please go to:

https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fheiko-rpc.parallel.fi#/democracy

2. Find proposal 1 in referenda and click the “vote” button on the right side

3. Input vote value and select conviction.

Note: if you want to multiply your voting power, you can choose a longer lock-up period.

4. Vote Aye if you would like to see HKO on cryptocurrency exchange platforms or vote Nay if you decide otherwise.

The result will be announced at the end of the voting period. We look forward to working with you to make this important decision for the future of the ParallelHeiko ecosystem.

To all PARA holders: As always, decisions and product launches will be made first on our Kusama parachain and after the on-chain vote for HKO is held, we will do the same for PARA and let everyone vote if the PARA token should be listed on cryptocurrency exchange platforms.

About Parallel Finance

Parallel Finance (with its Kusama-based Heiko network) is the Polkadot network-based DeFi super DApp protocol that features a composable and interoperable ecosystem of community-focused decentralized applications. The DApps include liquid staking (first of its kind on Polkadot network), AMM, decentralized money market, liquid crowdloan, stream protocol (DAO tooling), wallet, and yield farming applications. The protocol is committed to building a decentralized future that empowers the community, by increasing DeFi accessibility, capital efficiency, and security.

We are also one of the largest parachains in the Polkadot space with over $700M+ TVL and 300K+ active users, and we are backed by some of the most accomplished investors in venture capital and veterans of the financial services space, including Sequoia, Founders Fund, Coinbase, Polychain, etc.

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Parallel Finance is a decentralized lending, staking, and borrowing protocol built on the Polkadot Ecosystem.

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Adegoke Yusuff

Adegoke Yusuff

Ade is an expert Web3 writer with deep expertise and experience in Blockchain and Decentralized Technology use cases — DeFi, NFT, GameFi, P2E, Metaverse.

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