After several years of building decentralized finance infrastructure, we’re now exploring a new frontier.
Joined July 2022
- Tweets6.5K
- Following1.7K
- Followers253K
- Likes7.7K
Parallel retweeted
Leading ParallelFi's next chapter. A message from our new CEO Tom Hou
Join our Spaces on the 28th at 9 PM PST to discuss more:
xitter.cf/i/spaces/1RDGlzXgddjxL
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Parallel retweeted
Excited for the Parallel testnet to have reached a successful conclusion.
- 142K accounts
- 23M on-chain transactions
- 129K contracts deployed
I'm proud of the hard work and accomplishments from the team, and thankful for our incredible community.
Early Access soon.
1/ The parallel testnet event has come to a successful conclusion!
The parallel testnet event involved 142K accounts, generating nearly 23M on-chain transactions, with about 129K contracts deployed.
Thanks for your participation.
Details: parallel.fi/blogs?p=parallel…
Parallel retweeted
Congrats if you have participated in the @ParallelFi testnet event!
It has finally come to a sucrose conclusion!
I'm super bullish 🔥
1/ The parallel testnet event has come to a successful conclusion!
The parallel testnet event involved 142K accounts, generating nearly 23M on-chain transactions, with about 129K contracts deployed.
Thanks for your participation.
Details: parallel.fi/blogs?p=parallel…
Parallel retweeted
Ultiverse 🤝 @ParallelFi
Explore pilot.ultiverse.io/ on Parallel to earn native rewards from both Ultiverse and ParallelFi (up to 1% of Parallel token airdrops).
👉 Read the details here: ultiversedao.medium.com/up-t…
Parallel retweeted
Omni-chain will be the next big trend
▫️ #LayerZero has completed snapshot
▫️ $W did a ~$15bn pre-market valuation
@ParallelFi is setting the stage with the FIRST #Omnichain Layer 2
🔒 Unlock these narratives
• Unified liquidity
• Native & #NFT yields
• #Restaking
A 🧵
Parallel retweeted
Parallel Network solving the problem of fragmented liquidity by offering liquidity unification.
Here's how ⬇️
.@ParallelFi is the first omni-chain L2 Blockchain powered by Arbitrum’s Nitro stack that unifies liquidity from any chain into one place. It is an optimistic rollup and also EVM compatible.
Current L2s experience liquidity fragmentation leading to a poor UX and to address liquidity fragmentation issue in current L2 networks, Parallel network offers three innovative mechanisms, namely:
• Broker Accounts
• Liquidity Vaults
• Omni-Chain Execution Layer
~ Broker Accounts ~
Through broker accounts, Parallel enables automated user operations and helps users establish unified multi-chain margin accounts, one fat wallet for all chains.
~ Liquidity Vaults ~
Liquidity vaults serve as a dynamic money market that enables omni-chain liquidity to be efficiently deposited and borrowed.
~ Omni-Chain Execution Layer ~
Parallel Network’s execution layer natively supports ERC4337 Account Abstraction and Intent-based execution.
~ Parallel Network Applications ~
Developers can build a wide array of applications on parallel including:
⇨ Omni-chain money market
⇨ Omni-chain DEX
⇨ Omni-chain buy now, pay later
⇨ Omni-chain account abstraction
⇨ Omni-chain intent execution
~ Parallel Network alpha cross-chain bridge ~
Recently, the Parallel network released their mainnet Alpha cross-chain bridge, supporting more than 24 different assets across Ethereum, Arbitrum and Manta networks.
xitter.cf/parallelfi/status/1782…
~ Parallel network partnerships ~
In quest for ecosystem growth and development, @parallelfi has partnered with some great protocols which include:
• @BridgeM_io
xitter.cf/parallelfi/status/1780…
• @redstone_defi
xitter.cf/parallelfi/status/1779…
• @Ultiverse_DAO
xitter.cf/parallelfi/status/1776…
• @Hyperlane_xyz
xitter.cf/parallelfi/status/1766…
• @Pyth_Network
xitter.cf/parallelfi/status/1763…
~ Backers ~
@ParallelFI is backed by the best VCs in the world, namely:
•@Polychain
• @Sequola
• @FoundersFund
• @bcap
• @CBVentures
~ Advantages of the Parallel Network ~
The Parallel L2 aims to provide users and developers with so many advantages which include:
• Free gas
• Ultra speed
• Enhanced privacy and security
• Seamless DeFi user experience
Wrapping up
With the innovation of @Parallelfi, the future of Blockchain is Omni-chain.
We are thrilled to announce our latest partnership with @PythNetwork, the largest and most trusted oracle network.
We will work closely with Pyth Network to ensure the most accurate and secure market data for Parallel Network and its incentives.
Parallel retweeted
Our frens at @ParallelFi saved us a spot in their upcoming airdrop! 🧜♀️
For bridging $rsETH, you get:
⍛ 2x Kelp Miles
⍛ 1x EigenLayer Points
⍛ 2x Parallel Daily Points
The 2x Parallel Daily Points are also applicable for PT-rsETH powered by @pendle_fi.
Kelp restakers who join in will be allocated 1% of all Parallel tokens for their airdrop. 🌱
Head over to the bridge to deposit!
⚓️ app.parallel.fi/bridge
Parallel retweeted
Powering Restaking L2 ✨
RedStone is excited to support @ParallelFi, the first omni-chain L2 that unifies liquidity from any chain into one place. RedStone is available in the Core (Pull) Model.
Learn more 🧵
Parallel Network x RedStone
We're thrilled to partner with @redstone_defi's modular oracles, which deliver fast and reliable price feeds for over 1,100 assets!
Parallel retweeted
Been focused on building great strategic partnerships with @ParallelFi. This week announcing:
1. @UltiverseDAO
2. @PythNetwork
Excited to share more soon
Parallel retweeted
i've said this before, gonna say it again - bet on projects with strategic partnerships
@Eigenpiexyz_io x @ParallelFi is an unraveling collaboration
an evm-compatible l2 + a liquid restaking protocol on eth
you can't possibly imagine the numbers this would do
We're excited to announce our collaboration with @ParallelFi!📣
Users now have the chance to deposit mstETH, mswETH, and mwBETH on Parallel to get 2x @Eigenpiexyz_io and Parallel points!💯
Parallel is an EVM-compatible layer 2 scaling solution built on top of Ethereum, powered by Arbitrum's Nitro stack.✍️
Slide your #LRTs to Parallel now and boost your points!🔋
xitter.cf/ParallelFi/statu…
Parallel retweeted
Ultiverse 🤝 @ParallelFi
We're proud to be the exclusive distribution partner of Parallel Network.
This partnership will entail Ultiverse's deployment on Parallel Network, Ulti-Pilot and future game integrations, and more.
Up to 1% of @ParallelFi tokens will be distributed to our users through our exclusive airdrop campaign.
Stay tuned for more details!
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!
Parallel retweeted
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 focuses on decentralized, secure, restaking with EigenLayer.
Backed by $30 million in investment from Sequoia, Polychain, Founders Fund, and more, Parallel Network aims to enhance the omni-chain experience through efficient restaking, lending, and liquidity.
ℹ️ About Parallel Super App
The Parallel Super App, stands as an integrated platform that offers a comprehensive suite of DeFi products including lending, staking, trading, and more across diverse networks.
The Parallel Super App boasts $82m+ in TVL across its EVM and Polkadot products.
Combining its Super App and L2, Parallel will significantly enhance the omni-chain liquidity and restaking experience.
🔮 Being powered by the Pyth Network on Parallel
With the 450+ Pyth Price Feeds now live and permissionlessly usable on the Parallel Network, DeFi is ready to bloom.
And as a matter of fact, the Pyth oracle is already securing the Parallel Super App.
🗣️ Quotes
"We're excited to work with Pyth to secure our price feeds”, said Yubo Ruan, Founder and CEO, Parallel Network. “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.”
Parallel retweeted
🎉 We are pleased to announce our partnership with @ParallelFi , the first omni-chain L2 that unifies liquidity from any chain into one place, offering VIP3 holders:
🚀 100% Bridge Gas Fee Cashback
🤩0 Cost from ETH Mainnet to Layer2
🎁 Enjoy here: dapp.vip3.io/benefit/paralle…
Parallel retweeted
We're excited to announce our collaboration with @ParallelFi!📣
Users now have the chance to deposit mstETH, mswETH, and mwBETH on Parallel to get 2x @Eigenpiexyz_io and Parallel points!💯
Parallel is an EVM-compatible layer 2 scaling solution built on top of Ethereum, powered by Arbitrum's Nitro stack.✍️
Slide your #LRTs to Parallel now and boost your points!🔋
xitter.cf/ParallelFi/statu…
Parallel Network x Eigenpie
We're thrilled to partner with @Eigenpiexyz_io to bring mstETH, mswETH, and mwBETH deposits and native staking to Parallel Network's omni-chain L2, enabling depositors to double farm Eigenpie and Parallel points!
Parallel retweeted
Welcome aboard @ParallelFi ⏩️
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.
Parallel retweeted
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.
As Parallel continued to innovate in the NFT lending space, attracting $100M+ in TVL across NFTs and ERC-20s, the need for a gas-efficient oracle solution that didn’t compromise on security became increasingly important. This is where Chainlink came in.
Parallel leveraged CCIP’s arbitrary messaging functionality to build gas-efficient NFT lending by passing data from Chainlink NFT Floor Price Feeds from Ethereum to Avalanche. By using the Chainlink platform, Parallel could achieve a 50% reduction in gas fees and a 20% increase in pricing accuracy.
Using multiple Chainlink services in combination unlocks a wide range of new use cases that still provide users the peace of mind they need to confidently navigate next-gen applications in an industry full of hacks and exploits, with Parallel's NFT lending solution serving as a prime example.
Parallel retweeted
🧭 @ParallelFi Early Access Testnet is now live!
🧭 #Parallel Network is a layer 2 scaling solution built on top of @Ethereum, powered by @Arbitrum's Nitro stack
🔽 VISIT
app-staging.parallel.fi/
#ARB_Universe
Parallel retweeted
Detailed guide on @ParallelFi testnet here
Link: xitter.cf/OxTochi/status/1765334…
