ParaSpace, An NFT Lending Protocol, Intends To Issue Governance Tokens In The First Quarter Of 2023

Parallel Finance, a Polkadot ecological DeFi platform, revealed on Twitter that ParaSpace plans to switch to time-locked contracts by December 16 and build a forum for team and community solutions.

Parallel Finance, a Polkadot ecological DeFi platform, said on Twitter that ParaSpace aims to move to time-locked contracts before December 16 and establish a forum to allow the team and community to offer solutions.

Furthermore, the initial intention to issue governance tokens and establish a DAO in the second quarter of 2023 will be pushed back to the first quarter.

Within 2-3 weeks of the mainnet’s launch, ParaSpace would transition to a time-locked contract.

The team has spent time researching solutions and hopes to transition to a time-limited contract by December 16th. The initial parameters will need to be fine-tuned until staking rewards settle.

As a decentralized system, it is critical that users of ParaSpace be able to participate in debates and choices regarding any changes made.

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