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![Kosmozilla_eth Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1373562893380255744.png) Kosmozilla.eth [@Kosmozilla_eth](/creator/twitter/Kosmozilla_eth) on x 1709 followers
Created: 2025-07-26 19:00:42 UTC

What is Parallel Finance on Polkadot?

Parallel Finance is a decentralized DeFi protocol on @Polkadot offering a suite of financial instruments including liquid staking, lending, borrowing, and AMM

The platform enhances the liquidity of assets such as $DOT and $KSM through a dApp ecosystem, enabling cross-chain interoperability and high capital efficiency

The $PARA token is used for management and transactions. Parallel also has a sister network, Heiko Finance, on Kusama

Parallel Finance is:
 - DeFi protocol with liquid staking
 - Polkadot parachain with XCM compatibility
 - The $PARA token for management and transactions
 - AMM for exchange and liquidity
 - Liquid crowdloan for auctions
 - Integration with Ethereum and Kusama
 - Liquidity with no unlocking period
 - Multi-chain wallet for DeFi
 - Support for 7+ DeFi products
 - Shared security of Polkadot Relay Chain

ATTENTION, IMPORTANT INFORMATION 
There are reports of possible fraudulent activities of Parallel Finance, including hidden token burning and problems with asset recovery
Users are advised to be careful and check the latest information

![](https://pbs.twimg.com/media/Gwzjp29WgAE4s6p.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1949183111557960084/c:line.svg)

**Related Topics**
[dot](/topic/dot)
[token](/topic/token)
[$para](/topic/$para)
[coins interoperability](/topic/coins-interoperability)
[staking](/topic/staking)
[liquid](/topic/liquid)
[protocol](/topic/protocol)
[decentralized](/topic/decentralized)

[Post Link](https://x.com/Kosmozilla_eth/status/1949183111557960084)