ParallelFi launches the early access testnet Parallel Network. It showcases the future of finance on different blockchains through a user-friendly interface to enable faster and easier loans. Explore opportunities to earn Parallel Diamonds that can be redeemed later for $PARA governance tokens, don’t miss this opportunity!
Parallel Network is a layer 2 scaling solution built on Ethereum and powered by Arbitrum’s Nitro stack. Parallel is a full-stack L2 that brings together native yield, lending, staking, trading, and more in one place.
Parallel Finance has received multiple rounds of financing with a total amount of US$30 million, invested by many well-known institutions including Coinbase Ventures, StarkWare, Polychain, Blockchain Capital, Blockchain.com, CMT Digital and other institutions.
Testnet participants will receive $PARA tokens based on the points they earn!
Get the complete tutorial of airdrop:
First, you need a certain amount of testnet Sepolia ETH tokens in your wallet to cross-chain:
Get Sepolia ETH faucet:
https://sepolia-faucet.pk910.de/
https://faucetlink.to/sepolia
https://learnweb3.io/faucets/
https://www.infura.io/faucet/sepolia
Step 1: Cross-chain Sepolia ETH tokens to Parallel Network
https://testnet.parallel.fi/bridge
Step 2: Enter the Parallel Network testnet airdrop website, connect your wallet, enter the code "AD443", and complete the follow-up task
https://testnet.parallel.fi/parallel_testnet/apps/wallet/
Step 3. Click "Create Parallel Account" (Important Step)
Step 4. Now click on “Wallet” and claim your testnet tokens
①、Enter the wallet
②、Select transfer
③. Confirm the transfer
Step 5. Now click on “Borrow” and provide tokens
①、Enter "Loan"
②.Select
③. Deposit
Step 6: Earn extra points by “lending” assets
Select the asset to lend
Step 7. Select the asset you just borrowed, deposit it again, and borrow the asset
You can earn more points by continuing to borrow in this way!
By interacting with the testnet, you can earn airdrop points. Additionally, connecting to different available testnets (such as Goerli) can earn you more points. Testnet participants will receive $PARA tokens based on the points they earn.
Premium airdrop selection:
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Disclaimer: Please do your own research before joining any airdrop project; airdrops are 100% free, do not pay any fees to receive airdrop tokens.
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