Liquid $DOT Staking is available for the Nodle Crowdloan through Parallel Finance

Nodle has joined forces with Parallel Finance to provide Nodle Crowdloan contributors with the ability to tap into liquid $DOT staking for their Polkadot Parachain campaign: https://parachain.nodle.com. Parallel Finance is an institutional-grade lending protocol backed by the likes of Sequoia, Founders Fund, Polychain, Lightspeed Venture Partners, Slow Ventures, Blockchain Capital, and Alameda Research.

Parallel seeks to provide unique lending solutions tailored to Polkadot while assuring user safety and security. Since its inception in April 2021, Parallel Finance seeks to add more pragmatic tools like interest rate swaps for long-term growth to DeFi. Parallel offers leverage staking and auction lending as its primary services, offering higher yield and more opportunities to users to become the go-to lending solution for Polkadot (DOT) and Kusama (KSM) stakers.

Participants will receive an additional bonus from Parallel of 4 $PARA per $DOT contributed to Nodle via Parallel Auction Loan. Participants can also refer a friend and receive a 10% bonus referral from Parallel as well.

Once Nodle’s parachain slot has successfully been secured, contributors will receive cDOT to their accounts which they can use on Parallel for liquidity purposes. Enabling borrowing, staking, or lending cDOT right away instead of waiting 96 weeks for your original $DOT.

To contribute through Parallel:
1. Head to https://crowdloan.parallel.fi/#/auction/polkadot
2. Find Nodle in the list of crowdloan projects
3. Click the contribute or > link on the right-hand side
4. Connect your Polkadot.js wallet in the top right corner of the page
5. Enter the amount of $DOT you would like to contribute
6. Enter a referral code if someone referred you
7. Check the agreement box and click “Contribute to Nodle”

About Nodle

Nodle is a decentralized IoT (Internet of Things) network on Polkadot providing secure, low-cost connectivity, and data liquidity to connect billions of IoT devices worldwide. The Nodle network is powered by millions of Bluetooth-enabled smartphones that earn Nodle Cash (NODL). Nodle’s powerful IoT stack allows multiple uses including connecting and securing physical assets, tracking lost or valuable items, capturing sensor data, and authenticating security certificates. Nodle provides insights for consumer electronics manufacturers, enterprises, smart cities, the finance industry and more. Since its creation in 2017, Nodle has become one of the world’s largest wireless networks by number of base stations. Join #TheCitizenNetwork by downloading the Nodle Cash app for iOS or Android.

Twitter | Telegram | Discord | YouTube | Wiki | GitHub | Website

Nodle allows anyone to earn NODL crypto on their smartphone for free. D/L Nodle.com/cash app to help build the future of the crowdsourced decentralized network.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Educating citizens on data and crypto basics

Cash Value of Android Zero-Day Exploits Surpasses iOS

Completed our code security audit for MaNEKO.Finance!

Per-User MFA vs. Conditional Access MFA

Stock Firmware on Samsung GALAXY S Ⅲ GT-I9308

Flash Stock Rom on Samsung Galaxy

7 Cybersecurity Skills in High Demand

How OpenAlias works in Monerujo and how you can setup your own

SEC Scrutinizing Crypto Exchange Binance US — Chair Gensler Stresses ‘Basic Investor Protection’

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Nodle

Nodle

Nodle allows anyone to earn NODL crypto on their smartphone for free. D/L Nodle.com/cash app to help build the future of the crowdsourced decentralized network.

More from Medium

Nodle Announces Partnership with TheXchange

Reef.js Extension Now Available for Firefox

NULS Community Briefing

January 2022 Progress Recap