As Polkadot uses NPoS (Nominated Proof-of-Stake), DOT/KSM holders stake their DOT/KSM tokens to nominate validators to earn yields. Stakers may want to expand the utility of their staked DOT/KSM.
Parallel finance comes out with a solution to unlock the liquidity of staked DOT/KSM without compromising the security of the network.
Last modified 3mo ago
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