Parallel’s mission is to innovate and take DeFi to the next level and reach a wider audience.
This article will show us how Parallel Finance is using SubQuery data in its new application.
“SubQuery is an excellent tool which brought traditional indexing & query technology to Parallel Heiko. The plug-and-play service really saved us a lot time developing our own block indexing tool and maintaining our own solution.” — Parallel Finance.
SubQuery’s service helps Parallel Finance store, analyze, and query data on their existing Heiko test network. Some of this data is used directly in Parallel’s new app, helping users understand and analyze DeFi data.
Using SubQuery, you can quickly query accounts, exchange rates, tokens, transfers, and data blocks right in SubQuery’s playground.
“We love working with the SubQuery team and the one-on-one customer service they provide us with. We plan to use it more as we introduce more features into our DeFi app.” –Parallel Finance.
In the example below, Parallel Finance is using SubQuery to display the exchange rate history for all assets at every block.
Parallel Finance is using the Subquery project to manage their project and update as required. The indexing and querying services that Parallel Finance provides are completely managed by SubSQL and are freely available to the Polkadot community in SubQuery’s Explorer.
You can explore Parallel Finance data in SubQuery today, link
Parallel Finance is a decentralized money market protocol that provides lending, staking, and borrowing within the Polkadot ecosystem. Similar to the relationship between Polkadot and the “canary network” Kusama, Heiko Finance is a sister network to Parallel and the network they hope to launch on the Kusama blockchain.
SubQuery is a data aggregation layer that will work between layer 1 blockchains (Kusama) and DApps (like Kodadot). This service allows DApp developers to focus on their core use case and front-end without wasting time building a custom backend to process data.
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