Mainstreaming DeFi with Parallel Finance

This week, Jorrin Bruns (Support Engineer, Parity Technologies) is joined by Yubo Ruan, founder of Parallel Finance, a lending solutions provider designed to increase liquidity and acceptance on the Polkadot network. Parallel Finance is a Polkadot parachain and its sister network Heiko Finance is a Kusama parachain. This episode begins with an introduction to Parallel Finance and its tech stack. They also discuss how Substrate helped Parallel launch a parachain in 7 months, and how the project is disrupting DeFi through a unique take on lending design and building user interaction interfaces (necessary for interoperability in DeFi). Links Parallel Finance’s website Substrate Builders Program featuring Parallel Finance Highlights 01:53 How to launch a parachain in 7 months 03:30 What is Parallel Finance? 05:40 Substrate modules and tech stack upgrades 08:00 Validator participation requirements 11:34 Heiko use cases and the Security Module 14:20 Increasing engagement in governance 21:50 Parallel Finance products 29:38 Staked tokens can participate in governance 31:15 Borrowing based on your collateral 33:30 Auction lending and crowdloans 42:48 Value proposition between networks: Parallel Heiko and Parallel Finance 45:27 Participation in the Substrate Builders Program Special Guest: Yubo Ruan.

You can listen to Mainstreaming DeFi with Parallel Finance online on Radio and Podcast. Open the player on this page to stream the available audio.

Mainstreaming DeFi with Parallel Finance is an episode from Relay Chain by Parity Technologies.

This episode is 48:56 long.

This episode was published on Dec 9, 2021.

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