Guide to contribute on Composable Polkadot crowdloan on Parallel Finance

Composable’s Polkadot crowdloan auction is now live and receiving contributions. To give everyone an opportunity to participate and help build the new face of DeFi’s future today, we are now listed on Parallel Finance. This is a guide to help you walk through how you can contribute to our crowdloan and take advantage of the great bonuses we offer to our supporters as we march to win a parachain slot on Polkadot.

Guide to contributing DOT through Parallel Finance

To contribute DOT to our crowdloan through Parallel Finance, follow the steps below:

First, Connect your wallet: It is important to note that you would need to have already installed the polkadot{.js} extension. Visit https://polkadot.js.org/extension/ to download the extension for Chrome and Firefox. See a step by step guide for additional assistance regarding your wallet.

You will be asked to “Authorize” as a final step to connecting your wallet successfully.

Next, Enter the amount of DOT you wish to contribute: Ensure you have sufficient DOT in your wallet. You will see the expected rewards relative to the amount you enter for contribution. Remember to enter any referral codes as they also improve your rewards.

Finally, by clicking “Contribute to Composable Finance”, you have successfully contributed to our cause, and we are delighted to have you on board with us.

As a refresher, we have earmarked 12% of our LAYR token total supply to reward our crowdloan contributors alongside further incentives as seen below:

  • Staking in the first 24 hours confirms eligibility to receive a 5% bonus.
  • 5% bonus to stakers who previously contributed KSM or Stablecoins to our Picasso crowdloan
  • Staking in the first three days confirms eligibility to be issued a 10% bonus,
  • And a 20% referral bonus to users who refer a sum of 1000 DOT using our referral codes.

The Composable Future

The goal for Composable Finance is simple — provide an interoperable DeFi ecosystem that fosters boundless communication cross-chain and cross-layer by leveraging advancements in cutting-edge technologies. The successful procurement of our Kusama parachain — Picasso has launched us far into our vision as we have already begun to test out and ship ground-breaking DeFi solutions. With our Composable parachain, we can take this a step further, and allow for the generalization of blockchain agnostic computing. Our parachains — Picasso and Composable — will form a synergy aimed at delivering a robust and secure ecosystem.

We are tremendously appreciative of all the contributions made so far, and with the continued support of our community, the future of a composable DeFi ecosystem is undoubtedly at hand.

Let’s win this together 🚀

Contribute now: https://crowdloan.parallel.fi/#/auction/contribute/polkadot/2019

For more information about Composable and how it is architecting the unified DeFi landscape of the future, be sure to follow our socials:

Medium | Telegram | Github | Linkedin | Discord | Website

The face of DeFi's future.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Tesla is ‘in’ — Amazon next? BTC analytics from BTCNEXT

Passive Crypto Income

🔥ARIVA AND MEXC GLOBAL AMA RECAP🔥

From 0 to making Hefty in NFT sales: BeyondLife’s first-ever Auction story

Why does the world need DAO?

$DBIO Follows the Substrate Standard and the Farm Reaches an All-Time High APR in Ref Finance

The State of Blockchain — Q1 2021 Review

Holiday Message from the Universa CEO

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Composable Finance

Composable Finance

The face of DeFi's future.

More from Medium

Contributing to Composable DOT crowdloan with stablecoins: How it works

Interlay’s 2021: A Year of Development and Growth

Astar Network: Parachain launch on Polkadot and roadmap for 2022.

Why We’re Excited for Moonbeam