Parallel Staking introduces an innovative approach for users to optimize their ApeCoin staking. By enabling simultaneous staking and borrowing against NFTs like Bored Ape Yacht Club, Mutant Ape Yacht Club, and Bored Ape Kennel Club, it addresses the challenge faced by holders lacking sufficient ApeCoin or NFTs for maximum yields. Parallel resolves this by allowing NFT staking and borrowing ApeCoin against them, facilitating auto-compounding of rewards, and offering Peer-to-Peer staking options. Through this, both NFT and ApeCoin holders can secure fixed shares of auto-compounded rewards, enhancing their staking experience and returns
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One way to get an idea of which cryptocurrencies are most popular is to look at the amount of Twitter followers each one has. Parallel Staking currently has 310398 followers on Twitter. Track Parallel Staking historical followers by checking the below chart.
A great way to understand Parallel Staking is to compare similar crypto projects to Parallel Staking by Categories, Chains, TVL, followers and more. We compare Parallel Staking and update data every 24 hours to give you the latest Alpha and similar projects.
Yes Parallel Staking is supported on Ethereum.
Parallel Staking token is supported by following blockchains: Ethereum
Parallel Staking is Parallel Staking introduces an innovative approach for users to optimize their ApeCoin staking. By enabling simultaneous staking and borrowing against NFTs like Bored Ape Yacht Club, Mutant Ape Yacht Club, and Bored Ape Kennel Club, it addresses the challenge faced by holders lacking sufficient ApeCoin or NFTs for maximum yields. Parallel resolves this by allowing NFT staking and borrowing ApeCoin against them, facilitating auto-compounding of rewards, and offering Peer-to-Peer staking options. Through this, both NFT and ApeCoin holders can secure fixed shares of auto-compounded rewards, enhancing their staking experience and returns. Parallel Staking's native token is Parallel Staking. Parallel Staking token is supported by following blockchains: Ethereum.