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30.12 - 08:07
Parallel Finance wins fourth round of Polkadot parachain slot auctions
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While you might be used to the adrenaline rush of a real life auction – or one in a movie – crypto auctions come with their own share of drama. Polkadot’s ongoing parachain slot auction is one example of this.
Parallel Finance announced that it had won the fourth parachain slot auction, with contributions totaling about 10.75 million $DOT [around $285.10 million at press time] with more than 30,000 supporters. Other winners so far are Moonbeam, Acala, and Astar.
Source: Polkadot.js.org
So why is this a big deal? Well, Parallel Finance [PARA] is a DeFi protocol that aims to bring decentralized financial services to one billion people. A lot of hopes are riding on the protocol, as Parallel Finance noted,
“5) For Parallel’s crowdloan, Nearly 80%
Read more on ambcrypto.comAbout this in other media
Polkadot: Researcher reveals what helped these two parachains win their auctions ambcrypto.com /2 years ago
Santa Hackathon? Visor Finance Marks 7th Hack in December cryptonews.com /2 years ago
Coinshares report: Millions in inflows for Polkadot, post first batch of parachain auctions ambcrypto.com /2 years ago
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