At a glance: As Parallel continues to expand its security stack, the launch of app.parallel.credit adds another practical layer of resilience. The new domain is live and available as an alternative access point, helping ensure continuity if app.parallel.best ever needs to be paused, restricted, or otherwise interrupted.

Why this matters

Security is not only about preventing exploits. It is also about making sure users can reliably access the protocol’s interfaces during unexpected events. A backup domain supports that goal by reducing dependence on a single point of access and providing a ready-to-use fallback if action ever needs to be taken regarding the primary domain.

What app.parallel.credit is

app.parallel.credit is a live backup domain for Parallel’s application interface. Rather than being a placeholder or future contingency, it is already set up so the ecosystem has an alternative route available when needed. That means continuity planning is not theoretical: the backup path already exists.

Part of a broader security mindset

This move fits into the wider way Parallel approaches protocol security. Across the stack, Parallel combines preventive reviews, active monitoring, incident readiness, and user-facing safeguards. The goal is not to rely on a single control, but to build overlapping layers that improve robustness before, during, and after an incident.

Security measures working together

The backup domain sits alongside Parallel’s other security efforts, including audits, a bug bounty program, emergency response capabilities, and live monitoring. Together, these measures demonstrate a simple principle: security at Parallel is treated as an ongoing operational discipline, not a one-time check.

How this fits into Parallel’s security stack

About Parallel

Parallel is a Capital-efficient, modular, over-collateralized & decentralized stablecoins protocol. Backed by yield-generating correlated assets.

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At a glance: Parallel is now available across 24 chains, expanding from 16 with the addition of Katana, X Layer, Hemi, Plume, Plasma, Linea, World Chain, and Fraxtal.

A bigger omnichain footprint

Parallel has expanded from 16 chains to 24, marking a meaningful step forward in the protocol’s omnichain distribution. This is not just a longer list of networks. It is a stronger foundation for getting Parallel in front of more users, more communities, and more on-chain activity wherever it is already happening.

As liquidity, users, and applications continue to fragment across ecosystems, broad availability matters. Being present across a wider range of chains helps reduce friction, improve discoverability, and strengthen Parallel’s position as infrastructure that meets users where they already are.

The 8 new chains

These additions broaden Parallel’s reach across a wider set of ecosystems and strengthen the protocol’s omnichain presence beyond its original 16-chain footprint.

Parallel’s full chain footprint

Parallel is now live across the following 24 chains:

Taken together, the update is straightforward but significant: Parallel has moved from 16 supported chains to 24 total, adding 50% more chain coverage in a single expansion.

Why this expansion matters for users

For users, the practical benefit is simple: more access. A wider chain footprint means more places to interact with Parallel without changing habits or migrating to unfamiliar environments first.

It also creates better conditions for growth. The more ecosystems Parallel supports, the easier it becomes for wallets, dApps, communities, and integrators to plug into the protocol. That improves reach, supports distribution, and strengthens the overall user experience across the stack.

Why this matters for the ecosystem

At the ecosystem level, moving from 16 chains to 24 expands Parallel’s surface area across both established and emerging networks. It increases the protocol’s ability to participate in different liquidity zones, attract new integrations, and deepen its relevance across a more diverse multichain landscape.

This matters strategically. Omnichain presence is not only about being everywhere for its own sake. It is about building a durable distribution where users, liquidity, and applications are actually growing. Each new chain broadens the protocol’s ability to capture attention, support partners, and create new pathways for adoption.

What this signals

As the ecosystem evolves, that kind of reach becomes more important. The market no longer belongs to a single chain or a single paradigm. The protocols that win are the ones that can remain accessible, composable, and relevant across multiple environments at once.

This expansion reflects Parallel’s ambition to become a truly omnichain liquidity layer, and we welcome chains, apps, and DeFi partners looking to grow distribution, deepen liquidity, and build new integrations with us.

About Parallel

Parallel is a Capital-efficient, modular, over-collateralized & decentralized stablecoins protocol. Backed by yield-generating correlated assets.

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What’s Happening

sUSDp is now live on Purrlend, a lending protocol native to HyperEVM. RedStone powers the price feeds for sUSDp on Purrlend, ensuring reliable and secure oracle infrastructure.

This integration opens a new yield layer for sUSDp holders: you can now use your yield-bearing USDp as collateral to borrow stablecoins directly on HyperEVM.

What You Can Do

Deposit sUSDp as collateral → Borrow USDC or USDT0

sUSDp carries its own native yield (currently ~7%+ APY from Parallel protocol fees), which continues to accrue even while it sits as collateral. Stack that with borrowing incentives and you get a compounding dollar-denominated return.

Parallel is incentivizing borrows of both USDC and USDT0 against sUSDp collateral via Merkl, meaning borrowers on Purrlend will earn additional rewards on top of the base strategy.

E-Mode: Maximum Capital Efficiency

sUSDp on Purrlend supports E-Mode (Efficiency Mode), which significantly boosts borrowing power for correlated assets within the same category.

With E-Mode enabled, you can borrow up to 90% of your sUSDp collateral value, versus 60% in standard mode. The liquidation penalty also drops from 10% to 4%, making the position meaningfully safer. For a yield-bearing stablecoin like sUSDp, this level of capital efficiency is hard to match.

To activate it, simply enable E-Mode from your Purrlend dashboard.

Why Purrlend

Purrlend is a lending market on HyperEVM, a high-performance EVM chain. It offers a clean and direct borrowing experience for HyperEVM users. Adding sUSDp as a collateral asset brings a yield-bearing, decentralized stablecoin into the mix, one that doesn’t sit idle while locked.

RedStone’s oracle infrastructure ensures that sUSDp’s value is tracked accurately on-chain, providing a robust and manipulation-resistant price feed for the market.

How to Get Started

1. Get sUSDp: Mint USDp at app.parallel.best and stake it for sUSDp, or bridge from another chain.

2. Go to Purrlend: Head to app.purrlend.io on HyperEVM.

3. Deposit sUSDp as collateral: Supply your sUSDp to the Purrlend market.

4. Borrow USDC or USDT0: Earn borrowing incentives from Parallel on top of your existing sUSDp yield.

The Bigger Picture

HyperEVM is becoming a home for sUSDp liquidity. Each new integration adds a layer of capital efficiency: your stablecoin works harder without leaving the ecosystem.

sUSDp earns 90% of all fees generated by the protocol’s backing: no external strategies, no rehypothecation, just clean native yield. Using it as collateral on Purrlend means you capture that yield and unlock liquidity at the same time.

This is what modular DeFi looks like in practice.

About Purrlend

Purrlend is a lending market on HyperEVM, a high-performance EVM chain. It offers a clean and direct borrowing experience for HyperEVM users.

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About Parallel

Parallel is a Capital-efficient, modular, over-collateralized & decentralized stablecoins protocol. Backed by yield-generating correlated assets.

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Clearstar acts as a curation and risk partner: packaging Vaults and Clusters into clear, repeatable strategies, stress-testing assumptions (liquidity, borrow dynamics, oracle behavior), and helping turn “cool contracts” into something normal users can actually run without needing a PhD in DeFi.

What this partnership unlocks

• Curated Vault and Cluster deployments for USDp / sUSDp on HyperEVM

• Risk framing that’s actually readable 

• Repeatable playbooks that evolve as liquidity and market depth grow 

In short: fewer mystery-meat strategies, more “here’s the strategy, here are the risks, here’s how to run it, here’s how you benefit.”

For users, this means less time stitching together flows across multiple apps, and more time earning yield with clearer expectations on risk, costs, and execution.

The first vault is live with HypurrFi

Our first curated vault is now possible thanks to HypurrFi’s markets on HyperEVM, where the sUSDp vault is deployed and connected to the Yield Cluster. Oracle pricing for this setup is powered by RedStone.

One example flow:

1. USDe → mint USDp

2. Stake USDp → sUSDp

3. Deposit sUSDp on HypurrFi Yield

4. Borrow USDC or USDT0 or USDH (optional leverage)

5. Route liquidity into deeper markets (e.g., Balancer LP routes)

Clearstar's role is to design secure, scalable strategies by following a qualitative-first approach.

Why curated routes matter

DeFi does not fail because users struggle with interfaces. It fails when strategies lack transparency, when risk is treated casually, and when execution is fragmented across protocols, markets, and liquidity venues without coordinated oversight.

Curated strategies solve that by packaging the steps (what to do), the logic (why it works), and the risk map (what can break, and what it would look like if it does).

What’s next

This is the start of an ongoing cadence: new USDp strategies, refinements, and updated playbooks as HyperEVM liquidity evolves.

If you’re deploying stables on HypurrFi on HyperEVM, Clearstar and Parallel will keep making the path clearer and the risk tradeoffs more explicit, so the ecosystem can grow in a healthier way.

About Clearstar

Clearstar is one of the leading curators across DeFi lending markets and non-custodial vaults. Active in DeFi for more than five years, our team combines long-term crypto experience with institutional discipline.

Our approach integrates qualitative judgment with quantitative risk controls. We prioritize governance, security architecture, and structural integrity before optimizing for yield. Rather than chasing inflated APY or vanity TVL metrics, we focus on capital preservation, diversification constraints, and efficient deployment within defined risk parameters.

Rooted in Swiss culture, our philosophy reflects precision, prudence, and excellence in risk curation. We bring institutional-grade due diligence, monitoring, and execution standards to decentralized markets.

X: https://x.com/ClearstarLabs

Website: https://www.clearstar.xyz/

About Parallel

Parallel is a Capital-efficient, modular, over-collateralized & decentralized stablecoins protocol. Backed by yield-generating correlated assets.

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In parallel, no pun intended, the USDp/clearUSDC Balancer pool is live and incentivized via Merkl for the next month, designed to keep rewards predictable while TVL scales.

What’s live today

You can jump straight in using the links below:

• HypurrFi dApp: https://app.hypurr.fi/

• USDp/clearUSDC Balancer pool: https://balancer.fi/pools/hyperevm/v3/0xc5619cfcce9fae18eda1d1e923aa1fdea42d93b7

Merkl incentives: capped and simple

Incentives for the USDp/clearUSDC Balancer pool are live for at least 1 month at 1,500 USDp per week. They use a capped reward rate mechanism: the displayed APR is designed to stay around 15% until the pool reaches roughly $800k in TVL. That means early liquidity isn’t fighting a constantly collapsing APR; rewards stay steadier while the pool grows.

USDp/clearUSDC Balancer Pool: https://balancer.fi/pools/hyperevm/v3/0xc5619cfcce9fae18eda1d1e923aa1fdea42d93b7 

On top of the Merkl incentives, depositing sUSDp on HypurrFi also earns HypurrFi Points at a 3x multiplier. So you’re not only earning yield; you’re also stacking points for participating in the ecosystem.

A composable strategy to explore

If you want to go beyond “deposit and chill,” one composable route on HyperEVM looks like this:

1. Start with USDe and mint USDp

2. Stake USDp to receive sUSDp

3. Deposit sUSDp into HypurrFi Yield

4. Borrow a USD asset (USDC / USDT0 / USDH) against your sUSDp position

5. Optional: deposit the borrowed USD into HypurrFi Prime

6. Choose your route:

   • Loop (swap back to USDp): swap the borrowed USD back to USDp → repeat the cycle

   • LP (Balance): use the borrowed USD to LP in the USDp / evkUSDC Balancer pool
     

Incentives:

• Balancer LPs: 1,500 USDp/week, capped reward rate targeting ~15% APR

• Borrowing incentives: 1,000 USDp/week for borrowing USD assets against sUSDp on HypurrFi
  

Important: These routes use borrowing/leverage. Please understand the risks of liquidation, oracle, and smart contracts before participating.

How to access the vaults right now

You can access everything directly on the main HypurrFi app: https://app.hypurr.fi  (recommended).

If you ever need a fallback interface, the vaults are also available on the classic Euler UI at https://mewler.hypurr.fi/ 

On-chain references

sUSDp / HypurrFi integration contracts:

• evk vault (proxy): https://hyperevmscan.io/address/0xac207ffa0bfce194db18d1820902d48a2d948968#readProxyContract

• oracle: https://hyperevmscan.io/address/0x692aa5a8E27D7654324618Ee65d7cd4931c39DE9#code

Ready to try it? Start on HypurrFi, and if you’re providing liquidity, check the Merkl opportunity page to see current reward details.

About HypurrFi

HypurrFi is a multi-product DeFi lending protocol on Hyperliquid that offers Euler markets, Earn Vaults, pooled markets, a hybrid-backed CDP synthetic dollar, and credit card access, all built for capital efficiency.

X: https://x.com/HypurrFi

Website: https://www.hypurr.fi/

About Parallel

Parallel is a Capital-efficient, modular, over-collateralized & decentralized stablecoins protocol. Backed by yield-generating correlated assets.

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For the full governance context, see the approved proposal.

What’s included

Parallel uses RedStone to publish the following price feeds:

• USDp / USD

• sUSDp / USD

Deployed on:

• Base

• HyperEVM

• Sonic

• Avalanche

Why this matters

Stablecoins are only as useful as the ecosystem that can safely integrate them.

To list a stablecoin in lending markets (or use it as collateral), protocols need an oracle feed that is:

• Credible (grounded in how the asset can be redeemed/valued)

• Responsive (updates when conditions change)

• Consistent across chains (especially for multi-chain assets)

That’s exactly what these RedStone feeds are built to provide. 

How the USDp / USD feed is calculated

USDp / USD uses a “fundamental” approach:

• USDp’s value is derived from its on-chain redemption price across all chains where USDp is deployed.

• Redemption prices are aggregated across chains, and the median value is used as the final USDp/USD price.

In plain terms: rather than relying purely on external market venues, the feed is anchored to what USDp is actually redeemable for across its deployments, then uses a median to reduce outliers.

How the sUSDp / USD feed is calculated

sUSDp is a yield-bearing version of USDp, so its USD price is built from two components:

1. USDp / USD (the fundamental price described above)

2. The sUSDp-to-USDp exchange rate (sourced from the sUSDp contract on each chain)

So:

sUSDp / USD = (USDp / USD) × (sUSDp / USDp exchange rate)

Because the sUSDp exchange rate can differ across chains, sUSDp/USD is published per chain (e.g., Base, Sonic, HyperEVM, and Avalanche may each have their own sUSDp/USD value).

Update behavior

To keep the feeds dependable without over-updating, the configuration is:

• Heartbeat: updates at least every 12 hours

• Deviation threshold: updates sooner if the price moves by 0.2% or more

This balances stability (less noise) with responsiveness (faster updates when it matters).

About RedStone

RedStone is a leading blockchain oracle provider delivering fast and cross-chain data feeds to power DeFi protocols and institutional applications. As the oracle of choice for real-world asset tokenization, including BlackRock's BUIDL fund and European treasury assets via Spiko, RedStone bridges traditional finance with on-chain infrastructure. RedStone offers the industry standard for secure pricing and quality support, serving as the market leader for emerging ecosystems and institutional use cases.

Website | X | Discord | LinkedIn | Blog

About Parallel

Parallel is a Capital-efficient, modular, over-collateralized & decentralized stablecoins protocol. Backed by yield-generating correlated assets.

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The integration delivers two complementary pricing modes:

1. Fundamental (redemption-based) feeds for protocols that want “fair value” tied to redeemability.

2. Market-based feeds for protocols that want a price informed by market liquidity, then extended to sUSDp via the vault rate.

This announcement covers what’s live, how pricing is computed at a high level, and how integrators can consume the feeds today.

Why this integration matters

Stablecoin markets and stablecoin primitives are increasingly multichain. That creates two recurring challenges for protocols integrating stable assets:

1. A single-chain price can be misleading when a token is actively used across multiple networks.

2. Yield-bearing wrappers (such as sUSDp) require chain-local accounting because the vault rate can differ across deployments.

By integrating DIA, Parallel now has standardized, composable price feeds that can be used by lending markets, derivatives, vault strategies, liquidators, and risk engines, without requiring custom integrations for each chain or each collateral change.

What’s included

Parallel now uses DIA to publish onchain price feeds for USDp and sUSDp across multiple chains. Two feed types are available:

1. Fundamental feeds (redemption-based)

   1. USDp/USD (Fundamental): A “fair value” benchmark based on how USDp can be redeemed across its backing assets.

   2. sUSDp/USD (Fundamental): The same benchmark, adjusted by the chain-local sUSDp vault rate (so it’s accurate per chain).

2. Market feeds (market-based)

   1. USDp-market/USD: A USDp price based on market liquidity/venues (published under a separate key to avoid confusion).

   2. sUSDp-market/USD: The market USDp price multiplied by the chain-local sUSDp vault rate.

All feeds are available via the AggregatorV3-compatible adapters (18 decimals) for easy integration.

How the fundamental price methodology works

DIA computes fundamental feeds entirely onchain, within DIA's native rollup infrastructure, where every oracle computation can be verified by anyone, ensuring that fundamental pricing remains trustless end-to-end.

The redemption values, collateral composition, and vault rates are all pulled from onchain smart contract state. There's no reliance on opaque APIs or centralized computation, just verifiable onchain data processed through verifiable onchain infrastructure.

To get a “fair value” price for USDp, the oracle reads what USDp can actually be redeemed for:

• It pulls the current collateral set from the protocol (via quoteRedemptionCurve).

• It reads the redemption values from the protocol getters (via getOracleValues).

• Because the collateral list is read from the contract, the feed automatically reflects collateral additions/removals over time.

Fundamental sUSDp/USD (chain-local)
sUSDp is priced per chain, because the vault rate can differ across deployments:

• The oracle reads the chain’s sUSDp vault exchange rate (using convertToAssets).

• It multiplies that by the USDp/USD benchmark to publish a direct sUSDp/USD feed on that chain.

Cross-chain aggregation for USDp

USDp is deployed across multiple networks. The oracle, therefore, needs a cross-chain aggregation strategy to produce a coherent USDp/USD benchmark.

The practical approach discussed is a weighted aggregation of chain-level USDp prices (e.g., by chain USDp supply/liquidity), so that the benchmark reflects where USDp is most used.

The result is a more representative “global” USDp price, useful for integrations that operate across chains or that want a single benchmark feed.

Market-based Feeds

Alongside the redemption-based (“fundamental”) feeds, DIA also provides market-based pricing for USDp and sUSDp. Unlike oracles that rely on third-party aggregators or single-source feeds, DIA's architecture pulls raw trade data from 100+ trading venues. This direct sourcing approach delivers fully transparent, verifiable price feeds that can be customized for specific use cases. Every price calculation is traceable back to its underlying trades, making DIA's market feeds both comprehensive and independently verifiable.

USDp-market/USD

• A USDp/USD price based on market trading/liquidity.

• Published under a separate key: USDp-market/USD (so it’s clearly different from the fundamental feed).

• If you use the adapter contracts, this keying is handled automatically.

sUSDp-market/USD

• Computed as: (USDp-market/USD) × (sUSDp vault rate on that chain)

• This keeps the price market-reflective while still accounting for the chain-local sUSDp exchange rate.

What’s next

This integration gives the ecosystem a standardized way to price Parallel stablecoins onchain. It unlocks safer integrations for:

• Lending and borrowing markets,

• CDPs and leveraged positions,

• liquidations and risk management,

• structured products and vault strategies,

• cross-chain DeFi coordination.

If you’re integrating USDp or sUSDp and want guidance on which feed (fundamental vs market) is best for your use case, simply reach out to the Parallel Team.

About DIA

DIA is a trustless oracle network that delivers verifiable data feeds across 60+ blockchains. With support for over 20,000 assets sourced from 100+ first-party sources. DIA enables developers to build applications that can verify oracle computations, not just trust them. DIA's rollup infrastructure processes all oracle data onchain, making every price feed, randomness generation, and data point independently verifiable. 

Website | X (Twitter) | Docs

About Parallel

Parallel is a Capital-efficient, modular, over-collateralized & decentralized stablecoins protocol. Backed by yield-generating correlated assets.
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Core Contract Integration

GlueX has integrated Parallel’s smart contracts directly into its aggregation infrastructure, including:

• The Parallelizer Module for USDp mint/burn operations

• The Savings Module for USDp stake/unstake into sUSDp

This integration makes Parallel’s stablecoin primitives natively accessible within the GlueX execution layer, enabling users and integrators building on GlueX to mint, burn, and deploy USDp into yield via sUSDp in a single, seamless flow.

Developers can refer to our documentation for implementation details:

• Parallelizer Module Integration

• Savings Module Integration

GlueX Integrated into Parallel

Conversely, Parallel has integrated GlueX routing into the Parallel dApp frontend, so users benefit from GlueX’s deep liquidity aggregation and MEV protection directly from the mint and swap flows. 

Through GlueX’s Router API, swaps involving USDp and sUSDp can tap liquidity across major DeFi venues on Ethereum, Arbitrum, Base, Polygon, BNB Chain, Avalanche, Optimism, and more, helping users find competitive routes with zero routing fees and minimized slippage.

Reference materials:
- GlueX Docs
- Integrate the GlueX Router API

Token Whitelisting

GlueX has officially whitelisted Parallel ecosystem tokens, USDp, sUSDp, and PRL, in its token registry and routing infrastructure.

This makes Parallel assets first-class citizens inside GlueX:

• Wallets and dApps using the GlueX Router API can surface USDp, sUSDp, and PRL by default

• Aggregated liquidity routes involving Parallel assets can be composed across GlueX-supported chains

• Builders integrating GlueX’s widget or APIs can easily expose Parallel’s stablecoin stack to their users

Together, these three layers strengthen connectivity between the Parallel and GlueX ecosystems, driving more efficient liquidity flow and making USDp and sUSDp easier to access, trade, and deploy across chains.

About GlueX

GlueX is a multi-chain DeFi aggregation and execution layer that offers trading, lending, staking, and cross-chain transfers through a unified API suite. It aggregates deep liquidity from top protocols like Uniswap, Aave, Curve, and many others, delivering best-price discovery with MEV protection and zero routing fees across 17+ supported blockchains, including Ethereum, Arbitrum, Base, Polygon, BNB Chain, Avalanche, Optimism, Sonic, HyperEVM, and more. 

Website: https://gluex.xyz/
X: https://x.com/GluexProtocol

About Parallel

Parallel is a Capital-efficient, modular, over-collateralized & decentralized stablecoins protocol. Backed by yield-generating correlated assets.

DApp I Discord IX I Docs

1. Core Contract Integration

KyberSwap has integrated Parallel’s smart contracts, including both the Parallelizer Module (USDp mint/burn) and the Savings Module (USDp stake/unstake), into its infrastructure.

This integration enables seamless interaction with Parallel’s stablecoins directly within the KyberSwap ecosystem.

Developers can refer to our documentation for more details:

• Parallelizer Module Integration

• Savings Module Integration

2. KyberSwap Integrated into Parallel

Parallel has integrated KyberSwap’s DEX aggregation library directly into its dApp frontend, allowing users to access KyberSwap’s optimized swap routing directly from the mint page.

This integration ensures efficient, low-slippage conversions when minting or managing USDp positions.

Reference materials:

• KyberSwap DEX Library

3. Token Whitelisting

KyberSwap has officially whitelisted Parallel ecosystem tokens (USDp, sUSDp, and PRL) enabling direct trading and liquidity access across KyberSwap’s supported networks.

About KyberSwap

KyberSwap is a decentralized trading solution that helps users find the best token swap rates by routing trades through multiple DEXs and other liquidity sources across multiple chains.

X: https://x.com/KyberNetwork
Website: https://kyberswap.com/

About Parallel

Parallel is a Capital-efficient, modular, over-collateralized & decentralized stablecoins protocol. Backed by yield generating correlated assets.

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Launch partners

At launch, Parallel is joined by a set of partners that deepen utility and liquidity across Avalanche: Silo, MEV Capital, Gami Capital, UpShift (via Gami), OpenOcean, KyberSwap, Balancer, and Spectra.

What’s live on Avalanche

• Native mint & redeem: The Parallelizer Module is deployed on Avalanche, enabling users to mint and burn USDp at oracle price with Avalanche-resident collateral.

• Savings (sUSDp): The Savings Module is live; stake USDp to sUSDp to capture real yield sourced from USDp’s on-chain backing on Avalanche.

• Bridging: The Bridging Module connects Avalanche with other Parallel-supported networks, enabling canonical mint/burn bridging of USDp (and supported assets) and operational rebalancing across chains—exposed via simple, integrator-friendly interfaces.

• Flashloans: The Flashloan Module provides instant, atomic access to USDp liquidity on Avalanche for arbitrage, liquidations, and rebalancing—executed within a single transaction, with parameters (e.g., fees/limits) governed by the DAO.

• Contracts & explorers: USDp, sUSDp, and all core module contracts are published with Snowscan references in the official docs. (See Developers Hub → Addresses → USDp → Avalanche in the Parallel Documentation)

• Liquidity & routing: With Balancer on Avalanche and active aggregator support via KyberSwap and OpenOcean, USDp can be traded, routed, and composed throughout the ecosystem from day one.

• Lending & vaults: sUSDp is live as collateral on Silo (Avalanche). Alongside mevUSDC curated by MEV Capital, this opens immediate integration paths for USDp/sUSDp markets and vault strategies.

Why Avalanche

Avalanche is an ideal venue for Parallel’s modular and multi-chain design. The DAO formally approved the Avalanche rollout of the Parallelizer & Savings Modules (PIP-52), completing the “full deployment” required for native minting and savings on the network. 

How to get started (3 easy steps)

1. Mint USDp on Avalanche
   Head to the mint page on the Parallel app → https://app.parallel.best/mint then select Avalanche, and mint USDp.

2. Stake to sUSDp
   Stake USDp to sUSDp to earn yield that comes from the protocol’s on-chain backing on Avalanche. Do it directly on the earn page → https://app.parallel.best/earn

3. Put your USDp to work

• Trade via KyberSwap or OpenOcean for best execution and routing. 

• Provide liquidity in pools

  • Balancer: https://balancer.fi/pools/avalanche/v3/0xe183132786df083788915dc9053cd747aaff01a6 

  • Spectra: https://app.spectra.finance/pools/avax:0xc9baebf125312cc9d2d17cc7518d09d463a151cf 

• Access lending & vaults through Silo (including mevUSDC curated by MEV Capital & Gami Capital): https://app.silo.finance/markets/avalanche/susdp-usdc-153?action=information

About Parallel

Parallel is a capital-efficient, modular, over-collateralized & decentralized stablecoins protocol. Backed by yield generating correlated assets.

DApp I Discord IX I Docs

1. Core Contract Integration

OpenOcean has integrated Parallel’s smart contracts directly into its aggregator infrastructure — including both the Parallelizer Module for USDp mint/burn operations and the Savings Module for USDp stake/unstake functionality.

This allows OpenOcean users to interact seamlessly with Parallel’s core mechanisms.

Developers can learn more in our integration guides:

• Parallelizer Module Integration

• Savings Module Integration

2. OpenOcean Integrated into Parallel

Conversely, Parallel has integrated the OpenOcean Swap API directly into its dApp frontend, enabling frictionless on-chain swaps from the mint page.

This provides users with optimized routing and liquidity aggregation through OpenOcean’s infrastructure.

API reference: OpenOcean Swap API v4

3. Token Whitelisting

OpenOcean has officially whitelisted Parallel ecosystem tokens — USDp, sUSDp, and PRL — making them available across its trading interface and partner network.

Together, these integrations reinforce Parallel’s commitment to interoperability and efficient liquidity flow across the multichain landscape.

About OpenOcean

OpenOcean is a leading DEX aggregator with the widest blockchain coverage, connecting 40+ chains and 1000+ liquidity sources. OpenOcean is building a one-stop trading platform, to bring users the best swap return for decentralized crypto trading.

About Parallel

Parallel is a Capital-efficient, modular, over-collateralized & decentralized stablecoins protocol. Backed by yield generating correlated assets.

DApp I Discord IX I Docs

1. Why sUSDp?

sUSDp is designed as a low-risk savings layer for the Parallel ecosystem. Instead of relying on external strategies, yield comes directly from the revenues generated by the USDp codebase, namely:

• Parallelizer module

• Bridging module

• Flashloan module

Staking USDp into sUSDp is the simplest way to access sustainable, protocol-native yield, secured by the same architecture that underpins USDp itself.

2. How to Stake USDp

1. Go to: app.parallel.best/earn

2. Connect your wallet 

3. In the “Earn” section, click “Deposit”

4. Choose a chain

5. Enter the amount of USDp you want to stake

6. Confirm the transaction in your wallet

Once confirmed, you’ll receive sUSDp, which will automatically grow in value over time as protocol fees are distributed. 

There are no staking fees, and sUSDp remains fully liquid. You can use it as collateral or move it freely across DeFi.

3. How to Unstake USDp

1. Go to: app.parallel.best/earn

2. Connect your wallet

3. In the “Earn” section, click “Withdraw”

4. Choose a chain

5. Enter the amount to unstake

6. Confirm the transaction in your wallet

You will receive your USDp back. Since sUSDp increases in value over time, the amount of USDp received will reflect the accrued yield.

4. Governance & Rate Updates

The yield rate for sUSDp is updated by keepers, currently set as Cooper Labs and Mimo Labs, based on actual revenues collected by the protocol.

This ensures that sUSDp’s return always reflects real protocol activity and remains sustainable over time.

You can stake USDp directly through the dApp here:
app.parallel.best/earn

sUSDp brings a native savings primitive to Parallel: simple, transparent, and DAO-governed. By staking USDp, users access stable on-chain yield without additional risk layers, making sUSDp the base layer of Parallel V3’s savings ecosystem.

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This guide walks through how the minting and burning mechanism works, what assets are accepted, and how the architecture ensures stability, transparency, and control by the DAO.

1. What Is the Parallelizer?

The Parallelizer Module is a Price Stability Module (PSM) that enables users to mint and burn USDp against a basket of accepted stablecoins. Instead of relying on CDPs or volatile collateral, it supports direct stablecoin-to-stablecoin swaps at oracle price, backed by on-chain data feeds and governed risk parameters.

In simple terms:

• Mint: swap an accepted collateral → receive USDp 1:1 (minus mint fee, if any).

• Burn: return USDp → redeem collateral from the reserve (minus burn fee, if any).

All minting and burning transactions are processed through audited contracts, with fees and limits fully controlled by the DAO.

2. Accepted Collateral and Parameters

The Parallelizer Module currently supports a selection of yield-generating and non-yield stablecoins across several chains. For each collateral, the DAO configures:

• Oracle source

• Exposure limits (min/max)

• Stale period (data freshness)

• Mint / Burn fees

• Whitelisting requirement (if any)

On Ethereum, for example:

These parameters vary by chain and asset. The DAO can update them at any time through governance to manage risk or adapt to market conditions.

3. Minting USDp

To mint USDp:

1. Go to app.parallel.best/mint

2. Connect your wallet

3. Select a chain and asset under “You Sell”

4. Enter the amount

5. Confirm and receive newly minted USDp in your wallet

Example:

• Deposit 1,000 USDe → Receive 1,000 USDp

Users can enable the “Mint Preferred” option to route transactions directly through Parallel’s minting contracts, ensuring mint/burn is executed natively without relying on aggregators.

4. Burning USDp

To burn USDp:

1. Go to app.parallel.best/mint

2. Connect your wallet

3. Input the amount of USDp you wish to sell.

4. Select a chain and asset under “You Buy”.

5. Receive the corresponding amount of the chosen asset.

Burns using the Parallelizer Module are available as long as the protocol has sufficient reserves of the selected collateral and exposure parameters are respected.

Example:

• Burn 1,000 USDp → Receive 1,000 frxUSD

If a collateral reaches its maximum exposure limit, minting will be paused for that asset until capacity frees up. The same applies to minimum exposure in case of redemptions.

→ In addition to native minting and burning through the Parallelizer Module, users can also swap USDp via aggregators (example: Odos) directly on the Parallel front-end.

5. Chains Where It’s Live

The Parallelizer Module is currently deployed on:

• Ethereum

• Base

• Sonic

• HyperEVM

The accepted collaterals vary per chain but follow the same architecture and governance-controlled parameters.

You can mint USDp directly through the dApp here:
app.parallel.best/mint

As the protocol expands, this mechanism ensures stability, capital efficiency, and composability for USDp, while keeping minting/redemption flows transparent and automated.

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sUSDp introduces a stable, onchain savings primitive governed by the DAO. It is designed to provide sustainable and protocol-native yield without relying on third-party strategies or composability risks.

1. Earning With sUSDp

With sUSDp, holders can earn real yield on their stablecoins by simply staking USDp into the protocol’s Savings Module. sUSDp captures 70% of the protocol fees generated by the USDp codebase in the Parallelizer, Bridging, and Flash loan modules, making it the primary beneficiary of USDp’s onchain activity.

sUSDp accrues value over time (block by block) through a simple ERC-4626 token. The tokens remain liquid and usable across DeFi, as collateral, in integrations, or in transfers.

2. How It Works

• Stake USDp → receive sUSDp

• sUSDp increases in value as yield is earned

• Yield comes from protocol activity (no external dependencies)

• Deposits and withdrawals are fee-free and available at any time

Unlike wrapped yield-bearing assets, there is no slippage, no additional layers, and no hidden exposure. sUSDp is native to the protocol and secured by audited contracts.

3. Deployment & Governance

sUSDp is currently deployed on:

• Ethereum

• Base

• Sonic

• HyperEVM

The yield rate is managed by a keeper mechanism. Cooper Labs and Mimo Labs will initially act as keepers, ensuring timely and secure rate adjustments aligned with the protocol’s revenues.

You can stake USDp and start earning sUSDp directly at app.parallel.best/earn.

A New Savings Layer

With sUSDp, Parallel introduces a foundational layer for onchain USD savings, combining protocol-native yield, seamless UX, and DAO-governed resilience. As the ecosystem expands across chains and integrations, sUSDp stands to become a core component of Parallel’s new infrastructure.

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USDp is designed to be capital-efficient, scalable, and deeply integrated into a growing multi-chain DeFi ecosystem. It replaces paUSD as the protocol’s native USD stablecoin, introducing a more robust foundation for future development and integrations.

1. Why USDp?

USDp marks a fresh start for the protocol’s USD strategy, avoiding the scaling and peg instability issues that limited the adoption of paUSD.

Built on top of the newly launched Parallel V3, USDp benefits from a modular and upgradable architecture that enables the DAO to fine-tune minting logic, collateral composition, yield distribution, and cross-chain behavior in real-time.

Key improvements include:

• Modular Minting via the Parallelizer: USDp is minted against a diversified and risk-managed basket of assets.

• Capital Efficiency: Backed by yield-generating assets and flexible mint/burn mechanics.

• DAO Control: All parameters, from mint limits to asset whitelisting, are entirely governed by sPRL token holders.

2. Cross-Chain by Design

USDp is deployed across 16 blockchains at launch, including Ethereum, Base, Sonic, HyperEVM, Optimism, Arbitrum, Avalanche, Polygon PoS, TAC, Sei, and more.

This broad deployment is made possible by the protocol’s Bridging Module, which uses LayerZero infrastructure and Decentralized Verifier Networks (DVNs) to enable seamless, censorship-resistant bridging of USDp between supported chains.

Every chain deployment is configured with mint/burn limits, security parameters, and fee settings, all of which are controlled by the DAO.

3. Backed by Stable, Yielding Collateral

On chains like Ethereum, Base, Sonic, and HyperEVM, USDp can be minted via the Parallelizer Module, using assets like:

• frxUSD / sfrxUSD

• USDe / sUSDe

• USDS / sUSDS

• scUSD vaults, and more.

The minting system includes adaptive fee mechanics and exposure targets to maintain diversified collateral and stability across the reserve basket.

Additional collateral types can be added or updated at any time via governance.

4. Designed for Integration

From the outset, USDp is built for adoption.

Thanks to its modular structure and broad chain coverage, it can be integrated into wallets, lending protocols, DEXes, and other DeFi primitives with minimal effort. The Flashloan Module and Bridging Module also support advanced use cases, such as automated arbitrage, reserve balancing, and capital-efficient liquidity provisioning.

A core part of USDp’s design is to be useful as money, as collateral, and as infrastructure.

5. What’s Next?

USDp’s launch sets the foundation for a new era of USD-denominated activity within Parallel. The protocol now benefits from:

• A native yield-bearing version, sUSDp, which captures the yield generated by the protocol

• A scalable multi-chain minting system

• Full DAO control over parameters and growth

As demand for decentralized stablecoins grows across chains, use cases, and geographies, USDp positions Parallel as a protocol-native issuer capable of competing at scale.

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Parallel V3 replaces the original CDP-based architecture with a fully modular system designed to support multiple assets, chains, and stablecoin types. The protocol combines licensed components with custom-built modules and is entirely governed by the DAO.

1. Why Parallel V3?

Parallel’s initial architecture was innovative but faced core limitations:

• Scaling the supply of stablecoins required excessive incentive spending

• Peg stability was fragile due to the absence of redeemability

• Upgrades were possible but often risky and complex to implement

Rather than rebuild from scratch, the DAO adopted a licensed, friendly fork of Angle Protocol’s Transmuter module codebase —a robust and battle-tested decentralized price-stability module —and combined it with new modules developed in-house for bridging, savings, and flash loans.

2. Parallel V3 Architecture

Parallel V3 introduces a system where each function of the protocol (minting, burning, redeeming, saving, bridging, and lending) is modular and governed independently.

The centerpiece is the Parallelizer Module, which operates as a Price Stability Module (PSM), not a CDP. It allows users to mint or burn Parallel stablecoins by swapping approved reserve stablecoins at the oracle price.

Dynamic fees and exposure limits maintain stability, while redemptions remain available at all times for a proportional basket of backing assets—without debt positions or the risk of liquidation.

This design ensures:

• Autonomous reaction to depegs or hacks without governance intervention

• No risk of bank runs (thanks to pro-rata redemptions)

• Exposure management via fee-based rebalancing

Additional modules include:

Savings Module
Stablecoin holders can stake in ERC-4626-compatible contracts and earn native yield generated by the protocol’s backing. No deposit or withdrawal fees, and no added composability risks.

Bridging Module
Based on Tunnel with LayerZero’s OFT standard, the bridging system allows seamless movement of stablecoins across chains. It is governed by the DAO and features:

• Decentralized Verifier Networks (DVNs)

• Permissionless Executors

• Mint/Burn limits

• Isolation Mode and pause functions

  

Flash Loan Module
Parallel V3 introduces protocol-native flash loans where stablecoins are minted and burned within a single transaction. Governance controls the maximum loan amount and fees.

3. Governance & Licensing

The protocol is entirely governed by sPRL holders, who control all parameters related to:

• Stablecoin deployment

• Module activation and configuration

• Fees, limits, and risk parameters

• Upgrades across the entire system

Code is deployed under the following licenses:

• MIT for core contracts

• BUSL 1.1 for Parallelizer and Savings Modules (licensed from Angle Protocol)

• MIT for stablecoins token contracts, and Bridging & Flashloan modules

Mimo Labs and Cooper Labs secured the license rights for the DAO but retain no exclusive rights or financial benefit from it.

4. Security, Audits & DAO Reimbursement

Even though most of the codebase comes from a live and audited protocol (Angle), the DAO commissioned:

• A full audit by Bail Security

• A partial audit & formal verification by Certora

Both were completed prior to deployment. Mimo Labs covered the full cost ($200,000) and will be reimbursed by the DAO through this proposal. No profit has been made on this reimbursement.

What’s Next

The adoption of Parallel V3 unlocks the protocol’s next growth phase. New stablecoins, starting with USDp, will launch on this new architecture. The DAO now has the tools to scale across assets and chains without compromising decentralization or capital efficiency.

Builders, contributors, and users are invited to explore the new protocol and shape the future of its new DAO-governed stablecoins infrastructure.

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• sPRL1 (single-sided staking)

• sPRL2 (LP staking)

Both mechanisms grant you governance rights and a share of protocol revenues, but with different levels of commitment, returns, and influence.

This guide explains how to stake, how unstaking works, and how rewards are distributed under Tokenomics v2.0 (PIP-46).

🧭 Why Stake PRL?

By staking PRL, you:

• 🗳 Gain voting power for protocol governance (Snapshot)

• 📊 Accumulate a ParaBoost score to receive protocol fees

• 🔐 Lock into a 30-day cycle (epoch) with optional early exit against a penalty

⚙ Staking Options

There are two staking formats available:

1. sPRL1 – Single-Sided PRL Staking

• Stake only PRL

• No exposure to impermanent loss

• Voting power: 1 PRL = 1 vote

• Available on Ethereum, Polygon, Base, Sonic

Best suited for governance participants and low-risk profiles.

2. sPRL2 – PRL/wETH LP Staking

• Provide liquidity to the Balancer 80/20 PRL/wETH pool

• LP tokens are automatically staked on Aura, rewards sent to the DAO

• Voting power: x2.5 ParaBoost (based on PRL-equivalent value)

• Available initially on Ethereum

Best suited for users who want maximum governance influence and support PRL liquidity.

🪙 How Rewards Work

• ParaBoost score determines how much of the protocol’s fees you receive

• Rewards are distributed every epoch (~30 days)

• Distributed in PAR stablecoin, claimable on Polygon PoS

• You can claim within 12 epochs (~1 year) before unclaimed rewards return to the DAO

💡 Fees distributed to stakers: 15% of total generated protocol fees

⏱ Cooldown & Early Exit

• Unstaking starts a 1-epoch cooldown (30 days)

• You can exit immediately by paying a penalty:

  • Starts at 50%

  • Decreases linearly over time

• Penalties are sent to the DAO Treasury

• Transfer of sPRL1/sPRL2 resets ParaBoost to 0

📥 How to Stake (Step-by-Step)

1. Go to the “Stake” tab on the Parallel dApp

2. Choose between Stake PRL or Stake PRL/wETH LP

3. Select your chain (Ethereum, Polygon, etc.)

4. Enter the amount to stake

5. Approve PRL

6. Confirm and sign the staking transaction

sPRL1

sPRL2

🗳 How to Delegate Your Voting Power

Once your PRL is staked (sPRL1 or sPRL2), you can delegate your voting power to any address, including your own.

Step-by-step:

1. Go to the Stake tab in the Parallel dApp

2. Scroll to the Your votes section

3. Click on Change Delegate

4. In the modal:

   • Paste the address of the wallet you want to delegate to

   • Or select Delegate to Self if you want to vote with your own address

5. Click Delegate and confirm the transaction in your wallet

Delegating only affects your Snapshot voting power.
You keep full ownership of your sPRL, your ParaBoost score, and your protocol rewards (in $PAR).

🗳 Governance Power

Voting power is assigned based on ParaBoost score from the previous epoch.

• Proposal thresholds:

  • Integration: 100k sPRL (ParaBoost)

  • Governance: 200k

  • Improvement: 300k

To publish a proposal on Snapshot, you need at least 100,000 sPRL (ParaBoost).

⚠ Additional Notes

• sPRL tokens are ERC-20 transferable, but ParaBoost resets on transfer

• Staking contracts are audited (BailSec & Zenith)

• All funds are non-custodial and managed by the DAO

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This guide walks you through the process to bridge PRL, paUSD, or PAR between supported chains, whether you’re moving assets for governance, liquidity provision, or utility.

🧭 Why Bridge?

• 🌐 Move your PRL, paUSD, or PAR to the chain where you need them

• ⚙ Interact with different DeFi ecosystems using the same Parallel assets

• 🔄 Built on LayerZero’s OFT standard: secure, decentralized, and no wrapping

• ✅ Always 1:1,  no slippage or fees on the protocol level

🚀 Step-by-Step Guide

1. Go to the Bridge Page

Open the official Parallel dApp and click on “Bridge” in the nav bar.

2. Connect Your Wallet

Connect the wallet holding the asset you want to bridge (PRL, PAR, or paUSD).

3. Choose Origin & Destination Chains

Select the origin chain and the destination chain.

All Parallel bridgeable assets support:

• Ethereum

• Polygon

• Fantom

• Base

• Arbitrum One

• Optimism

• Sonic

4. Choose the Token to Bridge

Use the dropdown to select either:

• PRL (Governance token)

• paUSD (USD stablecoin)

• PAR (EUR stablecoin)

Then enter the amount you want to bridge.

5. (Optional) Set a Recipient Address

By default, the tokens will be bridged to your own wallet. 

You can specify another EVM address if you want to send them elsewhere.

6. Approve & Confirm the Bridge

• If it’s your first time bridging a given token, approve it

• Confirm the transaction in your wallet

• Wait a up to 20 min depending on the route for LayerZero to finalize. You can also track bridge status in layerzero scan (automatically appears in pop up).

✅ Done!

Your tokens will appear on the destination chain, 1:1.

From there, you can use them for:

• Stake PRL via sPRL1 (only on Ethereum, Polygon PoS, Base & Sonic for now) or sPRL2 (only on Ethereum for now)

• Vote on Snapshot (only if PRL are staked)

• Provide liquidity in PRL, PAR & paUSD pools

• Or simply hold PRL, PAR & paUSD

⚠ Additional Notes

• The bridge uses LayerZero’s decentralized infrastructure

• No token wrapping or synthetic minting, true interoperability

• Controlled and configurable by the Parallel DAO

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This guide will help you migrate your tokens in a few simple steps — whether you’re on Ethereum, Polygon, or Fantom. The process is direct, permissionless, and powered by LayerZero’s secure cross-chain infrastructure.

🧭 Why Should You Migrate?

• ✅ MIMO has been officially replaced by PRL following DAO vote (PIP-45)

• 🔐 PRL is immutable and deployed under a clean governance contract (no minting, pausing, or admin rights)

• 🌉 Migration is supported across Ethereum, Polygon, Fantom, Arbitrum One, Optimism, Base, and Sonic

• 💫 MIMO tokens held on Fantom can also be migrated

• 🕐 In accordance with PIP-61, the MIMO-to-PRL migration will end on August 1st, 2026. Migration is irreversible

🚀 Step-by-Step Migration Guide

1. Connect Your Wallet

Go to the official Parallel dApp and click on the “Migrate” button. Then, connect the wallet that holds your MIMO tokens.

You’ll instantly see your token balances on Ethereum, Polygon, and Fantom — including both MIMO and vMIMO.

If you hold vMIMO, you’ll be able to withdraw it directly before migrating.

2. Select Origin and Destination Chains

Use the dropdown to choose:

• The chain you’re migrating from (e.g. Polygon)

• The destination chain (e.g. Ethereum)

You can migrate from any supported chain to any other, thanks to LayerZero’s mesh-like bridging logic.

3. Enter Amount and (Optionally) a Recipient Address

Once the origin and destination are selected:

• Enter the amount of MIMO you want to migrate

• You’ll see exactly how much PRL you’ll receive (1:1 ratio)

• (Optional) Add a recipient address if you want to send PRL to another wallet

4. Approve and Confirm

Click the Migrate button.

• If this is your first time, you may need to approve the MIMO token in your wallet

• Confirm the transaction

• Wait for the bridging process to complete (a few seconds to a couple of minutes depending on the chain)

✅ Done!

Once complete, your wallet will receive the equivalent amount of PRL on the destination chain.

You can now:

• Stake PRL (via sPRL1 or sPRL2)

• Vote in governance (only if PRL are staked in sPRL1 or sPRL2)

• Earn protocol fee sharing in PAR

❓ FAQ

Q: What happens to my vMIMO?

You can withdraw it from the migration UI directly. It will become standard MIMO, ready to migrate to PRL.

Q: Can I migrate between two chains that aren’t Ethereum?

Yes — migrating works between all supported networks (LayerZero-based routing).

Q: Is there a deadline to migrate my MIMO tokens?

Yes. In accordance with PIP-61, the MIMO-to-PRL migration will end on August 1st, 2026.

Q: What if I had MIMO stuck on Fantom?

You can now migrate it to any chain that supports PRL.

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Following the successful adoption of PIP-45, PIP-46, and PIP-47 by the DAO, three major upgrades are now officially live: a new governance token ($PRL), a redesigned tokenomics framework, and a refreshed brand identity. 

Together, these upgrades lay the foundation for a more decentralized, resilient, and value-aligned protocol.

1. A New Governance Token: Welcome PRL

The MIMO token, originally launched in 2021, served as the governance primitive of Parallel. Over time, however, its name and function became a source of confusion, often blurring the line between Mimo Labs (the original developers) and Parallel (the protocol).

With the adoption of PIP-45, this ambiguity is resolved. $PRL becomes the official governance token of Parallel.

More than just a rebrand, PRL introduces hardened architecture and modular capabilities tailored for a multichain DeFi ecosystem:

• Immutable by design: no minting, no admin privileges, no pause function

• ERC20Permit-enabled: allowing gasless approvals

• 1:1 migration from MIMO, with no deadline but irreversible once executed

• LayerZero-powered bridging, based on the OFT (Omnichain Fungible Token) standard

This mesh-style bridging infrastructure allows PRL to move fluidly across Ethereum, Arbitrum, Optimism, Polygon PoS, Base, and Sonic with full verification and parameter control handled by the DAO. Integration of Decentralized Verifier Networks (DVNs) and permissionless Executors ensures modular security and censorship resistance.

Fantom-based MIMO holders affected by the 2023 Multichain exploit can now recover their tokens through the PRL migration process.

All contracts have been audited by Bail Security and Zenith. Migration is open and DAO-managed.

👉 Learn How to Migrate.

2. Tokenomics v2.0: Designed for Participation and Value Creation

With PRL deployed, the governance and incentive layers of the protocol have been fundamentally upgraded through the implementation of Tokenomics v2.0 (PIP-46).

At the core of this upgrade is a dual staking model:

• sPRL1 enables single-sided PRL staking, offering 1x governance weight without impermanent loss

• sPRL2 allows for staking of an 80/20 PRL-wETH Balancer LP, offering a 2.5x boost. LPs are auto-staked on Aura, with external rewards routed to the DAO Treasury

Both staking options are liquid and transferable, with a 30-day cooldown for unstaking. Early exits are permitted with a decreasing penalty starting at 50% penalty - all fees going to the treasury.

Crucially, staking is now tied to ParaBoost, a mechanism that rewards protocol-aligned behavior. This includes liquidity provision, participation, and other future integrations. Each epoch (~30 days), Cooper Labs computes off-chain scores, and a Merkle root is posted on-chain to determine fee distribution.

• 15% of protocol fees are now distributed to PRL stakers in $PAR on Polygon PoS (regardless of the chain in which the sPRLs are held)

• Rewards are claimable for 12 epochs (~1 year), after which unclaimed tokens revert to the DAO

Governance power has also transitioned. vMIMO is deprecated, and sPRL1/sPRL2 holders now govern the protocol. Minimum thresholds are defined as:

• Parallel Integration Request: 100,000 sPRL (ParaBoost)

• Parallel Governance Proposal: 200,000 sPRL (ParaBoost)

• Parallel Improvement Proposal: 300,000 sPRL (ParaBoost)

No new PRL emissions are planned. 100% of inflation now accrues to the DAO treasury. The total supply is capped at 1 billion tokens, with over 99% already in circulation. 

Tokenomics v2.0 lays the groundwork for sustainable, governance-aligned value creation.

👉 Learn How to Stake.

3. A Fresh Visual Identity to Match the Protocol’s Trajectory

With governance and incentives realigned, the DAO has also approved a full upgrade to the protocol’s visual identity via PIP-47.

Developed by Cooper Labs and MOM, the new design moves away from generic fintech aesthetics and embraces a retro-futuristic identity, one that reflects the vision of Parallel as a protocol of interoperable, layered worlds.

Key elements include:

• A new abstract logo based on lines (parallel) and circles (world)

• A sophisticated typographic system combining serif and sans-serif fonts

• An updated purple-dominant color palette, optimized for dark and light environments

• Modular design assets: illustrations, icons, and scalable UI components

• A fully interactive landing page, reflecting the protocol’s composability

This upgrade was funded entirely by Cooper Labs under its service mandate. No DAO treasury funds were used.

Looking Ahead

With PRL now deployed, Tokenomics v2.0 live, and a new identity in place, Parallel Protocol is better equipped than ever to scale across chains, coordinate governance, and reward real contribution.

The DAO invites all token holders to migrate to PRL, stake their tokens via sPRL1 or sPRL2, and engage in shaping the protocol’s next phase.

This is not just an upgrade.

It’s the foundation of a decentralized, interoperable, and resilient future, built by the DAO, for the DAO.

Ready to Migrate, Stake, or Bridge?

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