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We just raised $250,000 from 151 contributors to build the first decentralized treasury-backed reserve protocol on Bitcoin L1, powered by OP_NET. Programmable finance is finally coming to the most secure network ever created. Hard money deserves harder DeFi.

10,906 views • 5 months ago •via X (Twitter)

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The First Omni-chain Restaking L2 now powered by the Pyth Network 🔮? Indeed, the Pyth Price Feeds are now available on Alex T. Plumley and already secure the Parallel Super App Learn more below: ℹ️ About Parallel Network Parallel Network is the first omni-chain restaking L2 that focuses on decentralized, secure, restaking with EigenLayer. Backed by $30 million in investment from Sequoia, Polychain, Founders Fund, and more, Parallel Network aims to enhance the omni-chain experience through efficient restaking, lending, and liquidity. ℹ️ About Parallel Super App The Parallel Super App, stands as an integrated platform that offers a comprehensive suite of DeFi products including lending, staking, trading, and more across diverse networks. The Parallel Super App boasts $82m+ in TVL across its EVM and Polkadot products. Combining its Super App and L2, Parallel will significantly enhance the omni-chain liquidity and restaking experience. 🔮 Being powered by the Pyth Network on Parallel With the 450+ Pyth Price Feeds now live and permissionlessly usable on the Parallel Network, DeFi is ready to bloom. And as a matter of fact, the Pyth oracle is already securing the Parallel Super App. 🗣️ Quotes "We're excited to work with Pyth to secure our price feeds”, said Yubo Ruan, Founder and CEO, Parallel Network. “As the largest and most trusted oracle network, we will work closely with Pyth to ensure secure and accurate market data for Parallel and its products.”

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