# Parallel Finance x Phala XCM Integration is Live!

By [hoolyy.eth](https://paragraph.com/@hoolyy) · 2022-09-29

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Parallel Finance is excited to announce the opening of its cross-chain communication with Phala Network via bi-directional HRMP channels. This cross-consensus messaging (XCM) channel will be opened both on Polkadot, between Parallel and Phala Network, and on Kusama, between Heiko and Khala Network, simultaneously. The primary use case of this bi-directional communication channel is to enable native communication and the transfer of PARA, HKO, PHA, k-PHA between the chains without the need for bridges.

This development will bring PHA token to the products in Parallel super DApps suite including Liquid Staking, AMM, Money Market, Liquid Crowdloan, Stream Protocol (DAO tooling) and yield farming.

HRMP or Horizontal Relay-routed Message Passing is the transport protocol of XCM — the interoperability mechanism within the Polkadot and Kusama relaychains. It allows for rich messaging and interaction between parachains on the network and eliminates communication barriers between them. Being in its early phase, the main feature of this interaction involves token movement. However, more generic, extensible, and customizable message parsing features to enable multichain DApp deployments will be added in the future.

[Phala Network](http://phala.network/) tackles the issue of trust in the computation cloud. By organizing a decentralized network of computation nodes around the world, it offers high-performance services without relying on any cloud vendor. Phala workers run the programs in Secure Enclaves, a privacy technology already embedded into modern processors, enabling versatile and confidential execution. Together, this creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.

About Parallel Finance
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Parallel Finance (with its Kusama-based Heiko network) is the Polkadot network-based DeFi super DApp protocol that features a composable and interoperable ecosystem of community-focused decentralized applications. The DApps include liquid staking (first of its kind on Polkadot network), AMM, decentralized money market, liquid crowdloan, stream protocol (DAO tooling), wallet, and yield farming applications. The protocol is committed to building a decentralized future that empowers the community, by increasing DeFi accessibility, capital efficiency, and security.

We are also one of the largest parachains in the Polkadot space with over $700M+ TVL and 300K+ active users, and we are backed by some of the most accomplished investors in venture capital and veterans of the financial services space, including Sequoia, Founders Fund, Coinbase, Polychain, etc.

Stay in touch with us.

Website: [https://parallel.fi](https://parallel.fi/)

Twitter: [https://twitter.com/ParallelFi](https://twitter.com/ParallelFi)

Telegram: [https://t.me/parallelfi\_community](https://t.me/parallelfi_community)

Discord: [https://discord.gg/buKKx4dySW](https://discord.gg/buKKx4dySW)

Medium: [https://medium.com/parallel-finance](https://medium.com/parallel-finance)

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*Originally published on [hoolyy.eth](https://paragraph.com/@hoolyy/parallel-finance-x-phala-xcm-integration-is-live)*