Mainstreaming DeFi with Parallel Finance

December 9th, 2021 · 48 mins 56 secs

About this Episode

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).


Parallel Finance’s website

Substrate Builders Program featuring Parallel Finance


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