Staking and Derivative Token Yield Management

Parallel leverages its cross-margin lending technology to add powerful staking and yield management solutions in NFT-Fi and DeFi space.

A critical application is our ApeCoin Staking with Bored Ape Yacht Club NFT'sprogram which allows both ApeCoin and NFT holders to borrow and lend ApeCoin for staking. We likewise support P2P paired staking where users need not borrow or lend against their Bored Ape Yacht Club, Mutant Ape Yacht Club, or Bored Ape Kennel Club NFT's to enjoy staking yields.