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 ProgramSpecial Guest: Yubo Ruan.

Om Podcasten

Relay Chain is a podcast covering blockchain development and building the decentralized web. We focus on the cutting edge of blockchain tech, including Substrate (https://parity.io/substrate) and Polkadot (https://polkadot.network). Brought to you by Parity Technologies (https://parity.io), a core blockchain infrastructure company. Parity is creating an open-source creative commons that will enable people to create better institutions through technology. Follow us at @paritytech (https://twitter.com/paritytech) and @relaychain (https://twitter.com/relaychain). To be informed of new episodes, subscribe to the podcast and our newsletter (https://parity.io/newsletter).