# Improvement Protocol (PIP) **URL:** https://gov.parallel.best/c/improvement-protocol-pip/14.md [Latest](https://gov.parallel.best/latest.md) · [Categories](https://gov.parallel.best/categories.md) --- ## [About the Improvement Protocol (PIP) category](https://gov.parallel.best/t/about-the-improvement-protocol-pip-category/152)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 0\ **Last updated:** [April 21, 2022, 8:14pm UTC](https://gov.parallel.best/t/about-the-improvement-protocol-pip-category/152 "2022-04-21T20:14:47Z")
Parallel Improvement Protocol (PIP): PIPs are about the most important modifications either on the governance framework, or on the protocol directly. This type of proposal should include, in addition to all the points … --- ## [PIP-72 l DAO Multisig Election 9](https://gov.parallel.best/t/pip-72-l-dao-multisig-election-9/554)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 6\ **Last updated:** [October 23, 2026, 11:03pm UTC](https://gov.parallel.best/t/pip-72-l-dao-multisig-election-9/554 "2026-10-23T23:03:12Z")
Summary: The proposal aims to re-elect 8 signers for a 12 months period that will manage the DAO multisigs, including proposals execution, treasury management & insurance fund management. Context: The mandate of the D… --- ## [PIP-71 | Sunset USDp and the Bridging Module on 10 Chains](https://gov.parallel.best/t/pip-71-sunset-usdp-and-the-bridging-module-on-10-chains/553)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 0\ **Last updated:** [October 4, 2026, 8:57pm UTC](https://gov.parallel.best/t/pip-71-sunset-usdp-and-the-bridging-module-on-10-chains/553 "2026-10-04T20:57:38Z")
Summary: This proposal sunsets USDp and the USDp Bridging Module on 10 chains where the protocol has no meaningful usage: Scroll, Gnosis, Sei, Berachain, Unichain, TAC, Fraxtal, Hemi, Plume and Katana. USDp and the Brid… --- ## [PIP-70 | AI Compute Pilot: From DeFi Incentives to Owned Infrastructure](https://gov.parallel.best/t/pip-70-ai-compute-pilot-from-defi-incentives-to-owned-infrastructure/552)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 3\ **Last updated:** [September 13, 2026, 9:15pm UTC](https://gov.parallel.best/t/pip-70-ai-compute-pilot-from-defi-incentives-to-owned-infrastructure/552 "2026-09-13T21:15:42Z")
Summary: This proposal aims to pivot the protocol from pure DeFi to owned compute infrastructure, deploying 9x Mac Studio M5 Ultra operated by Cooper Labs to sell AI inference paid in USDp via x402, with net revenue flo… --- ## [PIP-69 | USDp Parallelizer & Bridging Modules Parameters Updates](https://gov.parallel.best/t/pip-69-usdp-parallelizer-bridging-modules-parameters-updates/541)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 4\ **Last updated:** [May 25, 2026, 7:04pm UTC](https://gov.parallel.best/t/pip-69-usdp-parallelizer-bridging-modules-parameters-updates/541 "2026-05-25T19:04:14Z")
Summary: This proposal updates the USDp Parallelizer backing asset parameters across the four Parallelizer chains and tightens the USDp bridge limits across all 24 chains. Context: In light of last week’s failed explo… --- ## [PIP-68 | Introducing Parallel Tokenomics v2.1](https://gov.parallel.best/t/pip-68-introducing-parallel-tokenomics-v2-1/540)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 3\ **Last updated:** [May 25, 2026, 6:51pm UTC](https://gov.parallel.best/t/pip-68-introducing-parallel-tokenomics-v2-1/540 "2026-05-25T18:51:32Z")
Summary: This proposal introduces Parallel Tokenomics v2.1, an evolution of Tokenomics v2.0 (PIP-46) that replaces the current sPRL2 contract with a new version depositing directly into Balancer, migrates the staker fee… --- ## [PIP-67 | Introducing Parallel v3.2 - Agentic Payments](https://gov.parallel.best/t/pip-67-introducing-parallel-v3-2-agentic-payments/537)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 3\ **Last updated:** [May 11, 2026, 3:34pm UTC](https://gov.parallel.best/t/pip-67-introducing-parallel-v3-2-agentic-payments/537 "2026-05-11T15:34:52Z")
Summary: This proposal introduces Parallel v3.2, a focused upgrade to the Parallelizer module that adds EIP-3009 (TransferWithAuthorization) support, making USDp and sUSDp natively compatible with agentic payment standa… --- ## [PIP-66 l Sunset PAR, the Parallel V2 EUR Stablecoin — Phase I](https://gov.parallel.best/t/pip-66-l-sunset-par-the-parallel-v2-eur-stablecoin-phase-i/535)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 2\ **Last updated:** [April 27, 2026, 11:56am UTC](https://gov.parallel.best/t/pip-66-l-sunset-par-the-parallel-v2-eur-stablecoin-phase-i/535 "2026-04-27T11:56:38Z")
Summary: This proposal initiates the sunset of PAR, the EUR-pegged stablecoin issued by Parallel V2, on Ethereum and Polygon PoS. It follows the successful sunset of paUSD (PIP-54) and is the logical next step now that … --- ## [PIP-65 | Accelerate End of MIMO to PRL Migration to April 15th, 2026](https://gov.parallel.best/t/pip-65-accelerate-end-of-mimo-to-prl-migration-to-april-15th-2026/533)
**Author:** [@george](https://gov.parallel.best/u/george)\ **Replies:** 3\ **Last updated:** [April 15, 2026, 1:06pm UTC](https://gov.parallel.best/t/pip-65-accelerate-end-of-mimo-to-prl-migration-to-april-15th-2026/533 "2026-04-15T13:06:43Z")
Summary PIP-61, which set the end of the MIMO to PRL migration to August 1st, 2026, was approved by the DAO. This proposal aims to bring that deadline forward to April 15th, 2026, given that sufficient time has already p… --- ## [PIP-64 l Sunset USDp Parallelizer & Savings Module on Sonic](https://gov.parallel.best/t/pip-64-l-sunset-usdp-parallelizer-savings-module-on-sonic/521)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 5\ **Last updated:** [March 13, 2026, 3:56pm UTC](https://gov.parallel.best/t/pip-64-l-sunset-usdp-parallelizer-savings-module-on-sonic/521 "2026-03-13T15:56:45Z")
Summary: The proposal aims to sunset the USDp Parallelizer & Savings Modules on Sonic. Context: On February 27th, RedStone, the price feed provider for whitelisted assets in backing of USDp on Sonic (frxUSD/USD & sfrx… --- ## [PIP-63 l Introducing Parallel v3.1](https://gov.parallel.best/t/pip-63-l-introducing-parallel-v3-1/519)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 9\ **Last updated:** [February 23, 2026, 7:27am UTC](https://gov.parallel.best/t/pip-63-l-introducing-parallel-v3-1/519 "2026-02-23T07:27:07Z")
Summary: The proposal aims to introduce Parallel v3.1, bringing a reworked fee distribution process. Context: Parallel v3.0 introduced the concept of yield-bearing collateral in backing of Parallel stablecoins via the… --- ## [PIP-62 l Use Hypernative for Real Time Protocol Security Monitoring](https://gov.parallel.best/t/pip-62-l-use-hypernative-for-real-time-protocol-security-monitoring/518)
**Author:** [@mindyourmanners](https://gov.parallel.best/u/mindyourmanners)\ **Replies:** 8\ **Last updated:** [February 10, 2026, 6:12am UTC](https://gov.parallel.best/t/pip-62-l-use-hypernative-for-real-time-protocol-security-monitoring/518 "2026-02-10T06:12:03Z")
Summary: This proposal aims to use Hypernative for real time monitoring of the protocol security. Context: Since the launch of Parallel V3 in September 2025, several issues have been detected, including bug reports fr… --- ## [PIP-61 l End MIMO to PRL Migration](https://gov.parallel.best/t/pip-61-l-end-mimo-to-prl-migration/516)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 4\ **Last updated:** [January 26, 2026, 12:01pm UTC](https://gov.parallel.best/t/pip-61-l-end-mimo-to-prl-migration/516 "2026-01-26T12:01:56Z")
Summary: This proposal aims to end the migration of the MIMO to PRL token. Context: On May 1st 2025 the PRL token was launched and the MIMO to PRL migration enabled. In 8 months, just over 50% of the total supply has … --- ## [PIP-60 l Update sfrxUSD Oracle for USDp on Sonic](https://gov.parallel.best/t/pip-60-l-update-sfrxusd-oracle-for-usdp-on-sonic/513)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 1\ **Last updated:** [January 5, 2026, 3:57pm UTC](https://gov.parallel.best/t/pip-60-l-update-sfrxusd-oracle-for-usdp-on-sonic/513 "2026-01-05T15:57:36Z")
Summary: The proposal aims to update sfrxUSD oracle for USDp on Sonic from Chainlink to RedStone. Rationale: Following PIP-51, USDp & the Parallelizer module (+ Savings, etc.) have been launched on Sonic. Among the a… --- ## [PIP-59 l Update sUSDe Oracle for USDp on HyperEVM](https://gov.parallel.best/t/pip-59-l-update-susde-oracle-for-usdp-on-hyperevm/512)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 2\ **Last updated:** [January 5, 2026, 3:56pm UTC](https://gov.parallel.best/t/pip-59-l-update-susde-oracle-for-usdp-on-hyperevm/512 "2026-01-05T15:56:58Z")
Summary: The proposal aims to update sUSDe oracle for USDp on HyperEVM from RedStone to Chainlink. Rationale: Following PIP-51, USDp & the Parallelizer module (+ Savings, etc.) have been launched on HyperEVM. Among t… --- ## [PIP-56 l Update PRL DVNs](https://gov.parallel.best/t/pip-56-l-update-prl-dvns/506)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 2\ **Last updated:** [November 26, 2025, 8:49pm UTC](https://gov.parallel.best/t/pip-56-l-update-prl-dvns/506 "2025-11-26T20:49:14Z")
Summary: The proposal aims to update PRL Bridging Module Decentralized Verifiers Networks (DVNs). Context: In order to maintain consistency in Parallel’s infrastructure, we propose updating the PRL’s DVNs. Rationale: … --- ## [PIP-55 l Adjust USDp Fee Distribution](https://gov.parallel.best/t/pip-55-l-adjust-usdp-fee-distribution/503)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 12\ **Last updated:** [November 26, 2025, 8:46pm UTC](https://gov.parallel.best/t/pip-55-l-adjust-usdp-fee-distribution/503 "2025-11-26T20:46:23Z")
Summary: The proposal aims to adjust USDp generated fee distribution. Context: As voted in PIP-51 l Launch USDp, the new Parallel USD Stablecoin, 70% of USDp generated fees are currently distributed to sUSDp. In order… --- ## [PIP-53 l DAO Multisig Election 8](https://gov.parallel.best/t/pip-53-l-dao-multisig-election-8/498)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 11\ **Last updated:** [November 26, 2025, 8:44pm UTC](https://gov.parallel.best/t/pip-53-l-dao-multisig-election-8/498 "2025-11-26T20:44:37Z")
Summary: The proposal aims to re-elect 8 signers for a 12 months period that will manage the DAO multisigs, including proposals execution, treasury management & insurance fund management. Context: The mandate of the D… --- ## [PIP-58 l Adjust allowed assets in Parallelizer Module on Sonic](https://gov.parallel.best/t/pip-58-l-adjust-allowed-assets-in-parallelizer-module-on-sonic/509)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 1\ **Last updated:** [November 24, 2025, 5:03pm UTC](https://gov.parallel.best/t/pip-58-l-adjust-allowed-assets-in-parallelizer-module-on-sonic/509 "2025-11-24T17:03:48Z")
Summary: The proposal aims to adjust allowed assets used to mint USDp using the Parallelizer Module on Sonic. Context: Earlier this month, Chainlink informed us that they will deprecate scUSD/USD market price feed on … --- ## [PIP-57 l USDp Chains Deployment Phase II](https://gov.parallel.best/t/pip-57-l-usdp-chains-deployment-phase-ii/508)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 3\ **Last updated:** [November 24, 2025, 5:03pm UTC](https://gov.parallel.best/t/pip-57-l-usdp-chains-deployment-phase-ii/508 "2025-11-24T17:03:06Z")
Summary: The proposal aims to expand USDp deployment on additional chains to cover growth needs. Context: As voted in PIP-51 l Launch USDp, the new Parallel USD Stablecoin, USDp has been deployed on 16 chains. In orde… --- ## [PIP-54 l Sunset paUSD, the Parallel V2 USD Stablecoin](https://gov.parallel.best/t/pip-54-l-sunset-pausd-the-parallel-v2-usd-stablecoin/499)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 2\ **Last updated:** [November 18, 2025, 10:30pm UTC](https://gov.parallel.best/t/pip-54-l-sunset-pausd-the-parallel-v2-usd-stablecoin/499 "2025-11-18T22:30:32Z")
Summary: The proposal aims to sunset paUSD, the Parallel V2 Stablecoin. Context: Following the launch Parallel V3 & USDp, and with its recent milestone of $2M in TVL & supply. With a current net paUSD supply of ~20k t… --- ## [PIP-52 l Deploy USDp Parallelizer & Savings Modules on Avalanche](https://gov.parallel.best/t/pip-52-l-deploy-usdp-parallelizer-savings-modules-on-avalanche/486)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 4\ **Last updated:** [September 11, 2025, 12:44am UTC](https://gov.parallel.best/t/pip-52-l-deploy-usdp-parallelizer-savings-modules-on-avalanche/486 "2025-09-11T00:44:03Z")
Summary: The proposal aims to deploy USDp Parallelizer & Savings Modules on Avalanche. Context: PIP-51 approved the deployment of USDp on 16 chains, including 4 ‘main’ chains where the Parallelizer Module (ie. main US… --- ## [PIP-51 l Launch USDp, the new Parallel USD Stablecoin](https://gov.parallel.best/t/pip-51-l-launch-usdp-the-new-parallel-usd-stablecoin/476)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 5\ **Last updated:** [June 26, 2025, 5:20pm UTC](https://gov.parallel.best/t/pip-51-l-launch-usdp-the-new-parallel-usd-stablecoin/476 "2025-06-26T17:20:45Z")
Summary: The proposal aims to launch USDp, the new Parallel USD stablecoin leveraging the Parallel V3 infrastructure; as well as sUSDp, the staked version of USDp. Context: In 2023, paUSD, the Parallel V2 USD stabl… --- ## [PIP-50 l Introducing Parallel V3: A Modular, Scalable & Decentralized Stablecoins Protocol](https://gov.parallel.best/t/pip-50-l-introducing-parallel-v3-a-modular-scalable-decentralized-stablecoins-protocol/475)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 18\ **Last updated:** [June 26, 2025, 5:19pm UTC](https://gov.parallel.best/t/pip-50-l-introducing-parallel-v3-a-modular-scalable-decentralized-stablecoins-protocol/475 "2025-06-26T17:19:54Z")
Summary: The proposal aims to introduce and launch Parallel V3, a modular, scalable & decentralized stablecoins protocol. Context: Launched in 2021, Parallel pioneered by launching the first decentralized EUR stabl… --- ## [PIP-49 l DAO Multisig Election 7](https://gov.parallel.best/t/pip-49-l-dao-multisig-election-7/470)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 10\ **Last updated:** [May 28, 2025, 4:05pm UTC](https://gov.parallel.best/t/pip-49-l-dao-multisig-election-7/470 "2025-05-28T16:05:36Z")
Summary: The proposal aims to re-elect 8 signers for a 6 months period that will manage the DAO multisigs, including proposals execution, treasury management & insurance fund management. Context: The mandate of the DA… --- ## [PIP-48 l Update PAR Bridging Module DVNs Configuration](https://gov.parallel.best/t/pip-48-l-update-par-bridging-module-dvns-configuration/468)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 2\ **Last updated:** [May 9, 2025, 2:42pm UTC](https://gov.parallel.best/t/pip-48-l-update-par-bridging-module-dvns-configuration/468 "2025-05-09T14:42:22Z")
Summary: The proposal aims to update the PAR bridging module Decentralized Verifiers Network (DVNs) configuration. Context Tunnel, the Parallel Bridging Module, is now in production for PAR on Ethereum, Polygon PoS an… --- ## [PIP-47 l Parallel Visual Identity Upgrade](https://gov.parallel.best/t/pip-47-l-parallel-visual-identity-upgrade/465)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 4\ **Last updated:** [April 28, 2025, 11:21am UTC](https://gov.parallel.best/t/pip-47-l-parallel-visual-identity-upgrade/465 "2025-04-28T11:21:56Z")
Summary: The proposal aims to introduce and upgrade the Parallel visual identity, in line with ongoing protocol updates. Context: In line with the major protocol upgrades currently underway (PRL, tokenomics, V3) we’re… --- ## [PIP-46 l Introducing Parallel Tokenomics v2.0](https://gov.parallel.best/t/pip-46-l-introducing-parallel-tokenomics-v2-0/460)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 6\ **Last updated:** [April 21, 2025, 12:50pm UTC](https://gov.parallel.best/t/pip-46-l-introducing-parallel-tokenomics-v2-0/460 "2025-04-21T12:50:52Z")
Summary: The proposal aims to introduce and deploy a new tokenomics for the PRL token, the possible future governance token of the Parallel Protocol. Context: In October 2024 we published a post in the governance foru… --- ## [PIP-45 l Introducing PRL, the MIMO Token Upgrade](https://gov.parallel.best/t/pip-45-l-introducing-prl-the-mimo-token-upgrade/458)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 3\ **Last updated:** [April 21, 2025, 12:50pm UTC](https://gov.parallel.best/t/pip-45-l-introducing-prl-the-mimo-token-upgrade/458 "2025-04-21T12:50:14Z")
Summary: The proposal aims to introduce and deploy PRL, the upgraded version of the MIMO token, the governance token of the Parallel Protocol. Context: In October 2024 we published a post in the governance forum, with… --- ## [PIP-44 l Update Partial Automated Borrow Rates Adjustments](https://gov.parallel.best/t/pip-44-l-update-partial-automated-borrow-rates-adjustments/451)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 2\ **Last updated:** [March 15, 2025, 5:55pm UTC](https://gov.parallel.best/t/pip-44-l-update-partial-automated-borrow-rates-adjustments/451 "2025-03-15T17:55:06Z")
Summary: The proposal aims to update partial automation of borrow rates adjustments for PAR & paUSD, made on MIP-25 and introduced in MIP-23. Context: Despite the current borrow rates of PAR & paUSD, the strong demand… [Next page](https://gov.parallel.best/c/improvement-protocol-pip/14.md?page=1)