Parallel Finance is making waves as the first Omni-Chain Layer 2 solution, pooling liquidity from various blockchains into a single platform. Having secured $30 million in funding from heavyweights like Polychain and Sequoia, Parallel is poised to redefine the decentralized finance (DeFi) landscape. Here’s how you can get involved in their incentivized testnet with a $0 cost and reap rewards.
Visit Alchemy’s Ethereum Sepolia Faucet to request Sepolia ETH.
Navigate to Parallel’s Testnet Bridge to bridge your Sepolia ETH to Parallel L2.
Go to Parallel’s Staging App and click “Create Account” at the top right corner.
Visit Alchemy’s Ethereum Goerli Faucet to request Goerli ETH.
On Parallel’s Wallet App, click “Get Test Tokens” and approve the transactions.
Head to Parallel’s Credit App, choose the ERC-20 Tokens tab, and supply USDC & USDT. Then, set USDC as collateral to borrow ETH.
Enter Airdrop
In the “Apps” section, select “Airdrop,” enter invite code “F9742,” and sign the transaction in MetaMask. Connect your X account and complete social quests.
Copy your personal code to earn more airdrop points by sharing. Encourage your team to actively participate in the testnet to maximize points.
Participants in the Parallel early access testnet are eligible for six types of yield incentives, including ETH Staking APR, Restaking APR, EigenLayer Points, Liquid Restaking Token Points, Parallel Diamonds, and additional bonuses from Parallel and its partners. Diamonds and points accumulated can be redeemed for Parallel’s governance tokens, offering a tangible stake in the network’s future.
Not financial advice. I explain how these tools work and what they cost me; check the details yourself before moving money. Last reviewed .
I use Solana daily and provide liquidity on Meteora. These guides come from what I do myself; drafts are AI-assisted and I check every one. More about me · X · YouTube
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