Milestone reached: 50% of all $MIMO have been migrated to $PRL We're halfway there ⚡ Haven’t migrated yet? Join the next 50%! Do it here: app.parallel.best/migrate Learn how to do it here: blog.parallel.best/how-to-migrate…

A new partnership is live: Parallel Protocol x Stake DAO 🔥

Higher.

We did it! Parallel V3 has surpassed $1M in total value locked! 🚀 This is a significant milestone on our journey. A big thank you to our community and partners for fueling growth across chains! Start earning ↓

🚀 Another Milestone Reached! The USDp/frxUSD pool on Curve Finance (Sonic) has just surpassed $1M in TVL! Our first USDp pool to cross the mark! Big thanks to @FraxFinance and all LPs for the support! 💧 Add liquidity & start earning ↓

Two lifters. Two winners. One community that always shows up. Big congrats to Jeff Young and MYUNG for joining our lift session in Seoul during #KBW week and taking home their brand new MoonRing.ai 🙌 Big thanks to Aya Next stops on the map →

Last week was tough. Today too. Markets crashed. Many got liquidated. But Parallel V3? ✅ Passed its first real stress test flawlessly ✅ USDp stayed pegged throughout ✅ Hit record $1M+ daily volume (2 days straight) ✅ Crossed the $1M TVL mark on V3 ✅ Announcing new

Parallel is building 🔥

Parallel is now mobile! 📱 You can now access the full Parallel experience directly from your phone: track yields, earn, and manage your USDp anywhere, anytime. Have a look ↓

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Big thanks to Certora for the security assessment and formal verification 🤝 Appreciate the rigor and partnership as always. 📄 Full report ↓

New milestone reached! 🚀 Parallel V3 has officially surpassed $2M in Total Value Locked, doubling our TVL in just weeks. 💪 Watch this space 👀 more TVL and new integrations are on the way.

A proposal has been published on the governance forum to renew @Cooper_labs' engagement as a Service Provider for a fourth period. Proposal: gov.parallel.best/t/pgp-35-l-coo…

📊 USDp backing update The backing of USDp now holds 77% of all sfrxUSD on Sonic, highlighting our strong partnership with Frax Finance ¤⛓️¤ and deep alignment between both ecosystems. Take advantage of the partnership ↓

Thanks Aura for the mention! USDp is live on Base with USDp/USDC and USDp/frxUSD pools and incentives via Aura. Details and links in the post ↓

A proposal has been published on the governance forum to re-elect 8 DAO multisig signers for a 12-month mandate. Proposal: gov.parallel.best/t/pip-53-l-dao…

A proposal has been published on the governance forum to retire paUSD, the Parallel V2 USD stablecoin. Proposal: gov.parallel.best/t/pip-54-l-sun…

After six years, a challenger to SKT Faker's Worlds legacy has emerged: T1 Faker.

Balancer incident: We’re aware of the ongoing exploit affecting certain pools on V2. Parallel has exposure on a portion of the insurance fund only (~$100k), but none of our pools have been exploited, and they’re currently paused. Protocol operations, treasury, and tokenomics

Earlier today, we've been informed of a potential insolvency of Stream Finance’s xUSD as well as several teams have not receiving any answer from the Stream team for several days. USDp had no direct exposure to xUSD. However, the Silo mevUSDC vault, approved as a reserve asset