DOT Refund / Reinvest Bonus
For projects that did not secure a parachain slot during the auction, the DOT will be refunded back to you. This guide below outlines how users on Parallel can get additional bonus by reinvesting the DOT or withdraw.

Reinvest: Get 25% PARA bonus

You can contribute to batch 2 crowdloans on Parallel with the DOT from your refunded balance and get 25% loyalty bonus.

Option 1

  1. 1.
    Go to: https://crowdloan.parallel.fi/ and select the project you want to contribute to.
  2. 2.
    Connect your wallet
  3. 3.
    On the Contribution page, you will see a dropdown for two balance options. The refunded balance is the amount from the contributions to a failed crowdloan in the previous batch. Your wallet balance is the amount you have in your wallet, which can also be used for contributions.
  4. 4.
    To contribute, add an amount. You will see your 'Reinvest bonus' in the Reward section. Check the terms and confirm + sign your transaction.
  5. 5.
    To see your rewards, you can go into the 'My Rewards' page. You rewards may take up to 24-48 hours to appear. Check back if you don't see it right away or reach out to us on Telegram if you have questions.
OR

Option 2

  1. 2.
    Scroll down to see the 'Refund Pool' table. Click 'Reinvest'
  2. 3.
    You will be taken to the crowdloan page where you can see all the active crowdloans. Select the crowdloan to contribute.
  3. 4.
    On the Contribution page, you will see a dropdown for two balance options. The refunded balance is the amount from the contributions to a failed crowdloan in the previous batch. Your wallet balance is the amount you have in your wallet, which can also be used for contributions.
  4. 5.
    To contribute, add an amount. You will see your 'Reinvest bonus' in the Reward section. Check the terms and confirm + sign your transaction.
  5. 6.
    To see your rewards, you can go into the 'My Rewards' page. You rewards may take up to 24-48 hours to appear. Check back if you don't see it right away or reach out to us on Telegram if you have questions.

Withdraw

If you choose to withdraw your DOT, you will not quality for the reinvest bonus on that portion of the withrawal. To withdraw:
  1. 2.
    Connect your wallet
  2. 3.
    Scroll down to see the 'Refund Pool' table. Click 'Withdraw'
  3. 4.
    Enter an amount you want to withdraw and check off the terms. Click withdraw and confirm the transaction. You will see your DOT balance in your wallet in about 24 hours.