Parallel Staking
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Protocol TVL
About Parallel Staking
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
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Parallel Staking codebase lineage and protocol family
Parallel Staking is published as a versioned release inside the Parallel Super App protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.
Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.
Security & Audits
Parent Protocol
Parallel Staking is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.
Parallel Super AppParallel Staking Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Aug 28, 2023Listed on DeFiLlama
Protocol Profile
Parallel Staking operates in the Yield category of DeFi. It is deployed on Ethereum. The codebase has been independently audited (1 report on file).
TVL Distribution by Chain
Supported Chains
Protocol Footprint
Parallel Staking is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.
Official Resources & Links
Verified external resources for Parallel Staking — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Yield protocols on Mantapex
Parallel Staking is one of 7 Yield protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Pendle, Spark Savings, Convex Finance, and 3 more. These peer protocols collectively secure $5.2B in deposits, giving you a frame of reference for whether Parallel Staking's own TVL is at the top, middle, or tail of the category.
Treasury
Recent Parallel Staking news
Latest reporting from major crypto news outlets covering Parallel Staking.
- Bitcoinist
Parastate Teams Up With Parallel Finance to Incentivize Polkadot Crowdloaners
Geminis Network Users Will Be the Major Beneficiaries ParaState, a multi-chain smart contract platform bridging the application and developer ecosystems between different chains…
- Bitcoinist
Cardano Attack Sparks Clash: Hoskinson Invokes Feds, Solana Chief Objects
Cardano's mainnet experienced a rare chain partition on November 21, 2025 after a malformed staking-delegation transaction exploited a long-standing deserialization bug, briefly…
- BeInCrypto
Chainlink Expands Reach: Solana and Lido Benefit from New Integrations
GMX-Solana has adopted Chainlink's Data Streams as its official Oracle solution for price data, funding rates, and liquidations. In parallel, Chainlink's Cross-Chain…
- CoinPedia
VanEck Files for Hyperliquid (HYPE) ETF — Could Coinbase Listing Be Next?
Hyperliquid has quickly become one of the hottest names in decentralized finance, and now it's drawing serious attention from Wall Street. VanEck, a global asset manager VanEck is…
- Crypto Daily
Parallel MPC Network Ika Arrives on Sui With the Promise of Greater Security and Interoperability
Parallel MPC (multi-party computation) network Ika has announced its launch on Layer 1 blockchain Sui. Formerly known as dWallet Network, Ika provides an interoperability solution…
- Crypto news
VanEck-backed NFT card game Parallel coming soon to Epic Games Store
Parallel, a science fiction trading card game with support for non-fungible tokens (NFTs), is coming to Epic Games Store following its latest $35 million funding. The developers…
- CoinMarketCap
Parallel Studios Secures $35M in Funding for Ethereum NFT Game Parallel and AI-Powered Colony
Parallel Studios, the startup behind the popular Ethereum NFT card-battler game Parallel, has announced a successful funding round.
- CoinMarketCap
Web3 Game Studio Parallel Launches Survival Simulation Game on Solana, PRIME Reaches All-time Highs
Parallel Studios, the developer behind the Ethereum NFT card game Parallel, has announced its next crypto game, Colony.
Related protocols
Other DeFi protocols connected to Parallel Staking by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Yield protocols
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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