SBS Institutional Alliance led X Parallel Space to complete the first round of institutional financing.

X Parallel Space decentralized overborrowing financial derivative agreement completed the first round of institutional financing on October 20,which was participated by many institutions in silicon Valley and formed SBS Institutional Alliance.Aave, MakreDAO, Synthetix, UMA,more crypto investors and early code contributors were involved.
X parallel space mainly deals with excess lending derivatives and has its own unique innovation in the Decentralized Finance2.0 era. The barriers of uneven lending and depositing is broken through
NFT’s gameplay and innovative returns of xTokens.

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