OnFinality empowers Parallel Finance to scale their DeFi ambitions with API and node services

OnFinality, a leading blockchain infrastructure provider, partners with Parallel Finance to provide scalable API and one-click node deployment for the DeFi super dApp.

OnFinality empowers Parallel Finance to scale their DeFi ambitions with API and node services

OnFinality, Polkadot’s leading blockchain infrastructure provider, announces a partnership with Parallel Finance, a DeFi super dApp.

Today we are proud to announce our partnership with Parallel Finance, a leader in Polkadot’s DeFi ecosystem. Parallel Finance have launched a range of DeFi products including liquid staking (the first of its kind on the Polkadot network), AMM, decentralized money market, liquid crowdloan, stream protocol (DAO tooling), wallet, and yield farming functions.

While we are only announcing our partnership today, OnFinality has in fact been providing Parallel with an easy-to-use, reliable and scalable API for over a year so they can scale their reach faster than ever before!

“OnFinality provides Parallel Finance with best-in-class infrastructure on the Polkadot ecosystem”

— Tony Leng, Finance Manager, Parallel Finance

What is Parallel Finance ($PARA)?

Parallel Finance’s mission is to innovate and bring DeFi to the next level. Their intention is to create the most secure and easy-to-use DeFi suite of applications to empower anyone to access financial services.

Similar to the relationship between Polkadot and its “canary network” Kusama, Heiko Finance ($HKO) is the sister network to Parallel Finance.

The OnFinality integration enables Parallel users to:

  • Access the Parallel Finance network quickly in minutes without having to set up or manage infrastructure
  • Enjoy all the benefits that come with OnFinality’s Enhanced API including global performance, automated scalability and high availability of up to 99.9% uptime per year!
  • Gain valuable API Insights for you to spot issues on your apps and quickly implement rectifications for a bug-free user experience

Log in to your OnFinality app to access the Enhanced API Service for Parallel and Heiko now!

Our mission is to support all blockchain teams in the world by providing critical infrastructure so they can focus on their core business. By leveraging OnFinality’s expertise in web3 infrastructure, the development team at Parallel have benefited by being able to focus on building scalable financial apps that bring DeFi to the next 1 billion people!

In addition, OnFinality also provides the ability for participants in the Parallel ecosystem to rapidly deploy and manage nodes via any of our supported cloud providers such as Amazon Web Service (AWS), Google Cloud Platform (GCP) and Alibaba Cloud.

Benefits of deploying Parallel Finance nodes through OnFinality

  • Easy — Deploy Dedicated Nodes easily and quickly via our on-demand node deployment service without worrying about setting up hardware from scratch
  • Scalable — Upsize and downsize your nodes easily in a few clicks!
  • Cost-Efficient — Pay for only what you need. You no longer have to buy or set up your own hardware or make tools to monitor your node’s health and performance
  • Visibility — Simply connect to our Node Metric Endpoint for automated monitoring and alerts on your node’s health

You can now log in to see the Parallel and Heiko network spec in the OnFinality Marketplace.

“OnFinality is excited to finally talk about our long-standing relationship with Parallel Finance and how we are supporting them in their objectives of bringing DeFi to the masses. Our goal is to provide reliable, easy-to-use mission-critical infrastructure to web3 leaders such as Parallel so they can focus on their core development.”

— Daniel Vulinovich, Product Manager at OnFinality

For all the information about how to jumpstart using OnFinality and start running Parallel Finance nodes, you can follow this documentation.

Key Resources

You can access our public API service by connecting to it using Polkadot.js or via the endpoints listed below.

Parallel Finance APIs


- https://parallel.api.onfinality.io/public
- wss://parallel.api.onfinality.io/public-ws


- https://parallel-heiko.api.onfinality.io/public
- wss://parallel-heiko.api.onfinality.io/public-ws

For teams looking to take your applications to the next level and ensure that you receive the best performance possible, we highly recommend using an API key.

What are the benefits of getting an API key?

Simply sign up here to receive your free API key in minutes! Our ‘Free Plan’ comes with 500,000 daily responses for anyone to get started easily.

You may also reach us at sales@onfinality.io to discuss your requirements.

Build Smarter with OnFinality.

About Parallel Finance

Parallel Finance is a DeFi super DApp protocol with the mission to bringing decentralized finance to 1 billion people. The vision of Parallel Finance is to bring the multi-chain future closer. Our goal is to explore new markets and reach 3 million users in the next 2–3 years, with innovative and inclusive product offerings. Parallel was originally built on Polkadot and Kusama networks, with plans to expanding our product offering on other chains. We are committed to building a decentralized future that empowers the community, by increasing DeFi accessibility, capital efficiency, and security.

Website | Discord | Twitter

About OnFinality

OnFinality is a blockchain infrastructure platform that saves Web3 builders time and makes their lives easier. OnFinality delivers scalable API endpoints for the biggest blockchain networks and empowers developers to automatically test, deploy, scale and monitor their own blockchain nodes within minutes. To date, OnFinality has served over 277 billion RPC requests across 60 networks including Polkadot, Kusama, Moonbeam, Astar, Avalanche and Cosmos, and is continuously expanding these mission-critical services so developers can build the decentralised future, faster!

App | Website | Twitter | Telegram | LinkedIn