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Introducing BIGGER REWARDS on Parallel’s Auction Loan with our New Rewards Pool, Probably Nothing!

Published date: November 12 2021

Auction Loan:

To celebrate the start of the Polkadot Parachain Auctions, Parallel is increasing all PARA token bonuses for Manta, Litentry, Clover, Astar, Moonbeam, and Acala.

Parallel will provide 20,000,000 PARA tokens to all the 7 crowdloans.

Our partners are getting in the mix with many increasing their reward bonus.

Clover is leading the pack with the largest, an additional $5,000,000 worth of CLV!

What’s in this Probably Nothing Pool?

Part 1:

20,000,000 PARA for 7 Crowdloans for 1 week

Part 2:

Clover Crowdloan: $5,000,000 worth CLV

Litentry Crowdloan: $200K worth LIT

Astar Crowdloan: 200K worth ASTR

20,000,000 PARA Rewards Pool for 7 crowdloans

Parallel is rewarding users who contribute to any of our partner's crowdloans with a 20,000,000 PARA reward pool.

Who will share this Probably Nothing Pool Week 1?

All contributions to our partner crowdloans from Nov, 12, 2021 until Nov, 18, 2021 23:59:59 UTC will receive a bonus from 20,000,000 PARA. Only crowdloans who win a Parachain auction slot will receive rewards.

Duration of Probably Nothing Pool Week 1

Nov, 12, 2021 — Nov, 18, 2021 23:59:59 UTC

7 projects

Acala; Moonbeam; Parallel; Astar; Clover; Manta; Litentry

Clover, Astar, and Litentry have all decided to give out even bigger bonus rewards for all new contributions if their crowdloans win(Please notice this).

Clover Rewards Pool

Clover is so pumped about Parallel they are adding $5 million for new contributions to the Clover crowdloan on Parallel’s Auction Loan product. Rewards will be paid out only if Clover’s parachain auction slot is won.

Litentry Rewards Pool

One of our favorite partners, Litentry, is adding 200K LIT for new contributions to the Litentry crowdloan on Parallel’s Auction loan product. Rewards will be paid out only if Litentry’s parachain auction slot is won.

Astar Rewards Pool

Astar, an amazing Polkadot project, has increased their reward by adding 200,000 ASTR for all contributions on top of their existing bonus rewards to users who contribute from Parallel’s platform Auction loan product. Rewards will be paid out only if Astar’s parachain auction slot is won.

How Auction Loan works

Parallel’s Auction Loan product maximizes the rewards you can earn on bonuses when you participate in parachain crowdloans. You can also stay liquid, by getting cDOT when you lock your DOTs. The cDOT has utility in Parallel’s money market and AMM.

Check out this video made by our founder, Yubo Ruan, and how you can earn up to a 40% bonus:

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