# Latest **URL:** https://gov.parallel.best/latest.md [Latest](https://gov.parallel.best/latest.md) · [Categories](https://gov.parallel.best/categories.md) --- ## [Welcome to the Parallel Governance Forum](https://gov.parallel.best/t/welcome-to-the-parallel-governance-forum/7)
**Author:** [@system](https://gov.parallel.best/u/system)\ **Replies:** 0\ **Last updated:** [February 22, 2021, 4:24am UTC](https://gov.parallel.best/t/welcome-to-the-parallel-governance-forum/7 "2021-02-22T04:24:51Z")
Hi Parallelers ! Welcome to the Parallel Governance Forum! Before jumping into the forum you should be aware of the following: Topics, Posts, Replies will be moderated. Only comment if you’re adding a thoughtful, new i… --- ## [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… --- ## [PGP-45 | OTC Buyback & Burn of 100M PRL from Mimo Labs](https://gov.parallel.best/t/pgp-45-otc-buyback-burn-of-100m-prl-from-mimo-labs/550)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 2\ **Last updated:** [September 13, 2026, 9:13pm UTC](https://gov.parallel.best/t/pgp-45-otc-buyback-burn-of-100m-prl-from-mimo-labs/550 "2026-09-13T21:13:56Z")
Summary: This proposal authorizes the DAO, with the support of Cooper Labs, to acquire 100,000,000 PRL (in the form of sPRL1) from Mimo Labs through an OTC swap funded by the DAO Treasury, and to burn the full amount im… --- ## [PGP-44 l 2026-2027 Immunefi Bug Bounty Program Renewal](https://gov.parallel.best/t/pgp-44-l-2026-2027-immunefi-bug-bounty-program-renewal/549)
**Author:** [@mateus-immunefi](https://gov.parallel.best/u/mateus-immunefi)\ **Replies:** 5\ **Last updated:** [September 4, 2026, 10:23am UTC](https://gov.parallel.best/t/pgp-44-l-2026-2027-immunefi-bug-bounty-program-renewal/549 "2026-09-04T10:23:29Z")
Summary: This proposal aims to renew the Parallel bug bounty program and triaging service managed by Immunefi for an additional 24-month period from a reduced annual rate of $38,530 to $20,000 USD per year. Rationale: O… --- ## [2026 Parallel Protocol Roadmap - Cooper Labs](https://gov.parallel.best/t/2026-parallel-protocol-roadmap-cooper-labs/514)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 11\ **Last updated:** [September 2, 2026, 4:09pm UTC](https://gov.parallel.best/t/2026-parallel-protocol-roadmap-cooper-labs/514 "2026-09-02T16:09:34Z")
Dear DAO members, Following the approval of PGP-35 l Cooper Labs Service Providing Phase IV by the DAO, here is the 2026 protocol roadmap. This post will be used to provide monthly updates on our progress, in a constan… --- ## [PGP-43 l Additional Parallel v3.2 Security Audit](https://gov.parallel.best/t/pgp-43-l-additional-parallel-v3-2-security-audit/542)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 3\ **Last updated:** [July 18, 2026, 7:54am UTC](https://gov.parallel.best/t/pgp-43-l-additional-parallel-v3-2-security-audit/542 "2026-07-18T07:54:01Z")
Summary: This proposal aims to perform an additional security audit of Parallel v3.2 by Bail Security, in order to improve the security of the protocol and users’ trust in it. Rationale: Following the failed exploit a… --- ## [Any updates on the Plume x Mimo integration?](https://gov.parallel.best/t/any-updates-on-the-plume-x-mimo-integration/522)
**Author:** [@781](https://gov.parallel.best/u/781)\ **Replies:** 2\ **Last updated:** [May 26, 2026, 9:23pm UTC](https://gov.parallel.best/t/any-updates-on-the-plume-x-mimo-integration/522 "2026-05-26T21:23:47Z")
Hey everyone, ​Just looking back at the Mimo integration with Plume Network from January 2025. I’m attaching the original announcement where we specifically talked about bringing “$50M+ of tokenized AI compute bonds” on… --- ## [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… --- ## [PGP-42 | Redirect sPRL PAR Distribution to PRL Buyback & Burn](https://gov.parallel.best/t/pgp-42-redirect-sprl-par-distribution-to-prl-buyback-burn/539)
**Author:** [@george](https://gov.parallel.best/u/george)\ **Replies:** 6\ **Last updated:** [May 19, 2026, 12:57pm UTC](https://gov.parallel.best/t/pgp-42-redirect-sprl-par-distribution-to-prl-buyback-burn/539 "2026-05-19T12:57:36Z")
Summary: This proposal complements PGP-40 (PRL Burn Phase II), currently live on Snapshot (April 30 – May 7, 2026), by temporarily redirecting the monthly PAR distribution currently allocated to sPRL holders, the 15% of… --- ## [PGP-41 | Marketing & Growth Strategy - Phase II](https://gov.parallel.best/t/pgp-41-marketing-growth-strategy-phase-ii/538)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 4\ **Last updated:** [May 11, 2026, 3:37pm UTC](https://gov.parallel.best/t/pgp-41-marketing-growth-strategy-phase-ii/538 "2026-05-11T15:37:02Z")
Summary: This proposal aims to launch Phase II of the marketing & growth strategy of Parallel, following the completion of Phase I. Rationale: Phase I of the marketing & growth strategy was approved by the DAO and cov… --- ## [PGP-40 | PRL Burn Phase II](https://gov.parallel.best/t/pgp-40-prl-burn-phase-ii/536)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 2\ **Last updated:** [May 11, 2026, 3:35pm UTC](https://gov.parallel.best/t/pgp-40-prl-burn-phase-ii/536 "2026-05-11T15:35:59Z")
Summary: The proposal aims to establish a set of continuous, protocol-native PRL burn mechanisms to accelerate the path toward burning 50% of the total PRL supply (500,000,000 PRL). Rationale: Two major burn events ha… --- ## [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… --- ## [PGP-39 | One-Time Allocation of Accrued Protocol Fees: Bootstrap Team Retroactive Service Fee](https://gov.parallel.best/t/pgp-39-one-time-allocation-of-accrued-protocol-fees-bootstrap-team-retroactive-service-fee/523)
**Author:** [@Tenebrae](https://gov.parallel.best/u/Tenebrae)\ **Replies:** 22\ **Last updated:** [March 30, 2026, 12:04pm UTC](https://gov.parallel.best/t/pgp-39-one-time-allocation-of-accrued-protocol-fees-bootstrap-team-retroactive-service-fee/523 "2026-03-30T12:04:46Z")
Proposal Type PGP (Treasury / Fee Allocation) Summary This proposal requests a one-time transfer of a fixed USD amount ($500,000) from accrued protocol fees currently held in the fee smart contract to the Mimo Team to 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… --- ## [PGP-38 l Cooper Labs Service Providing Phase IV - Amendment](https://gov.parallel.best/t/pgp-38-l-cooper-labs-service-providing-phase-iv-amendment/517)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 6\ **Last updated:** [January 26, 2026, 12:03pm UTC](https://gov.parallel.best/t/pgp-38-l-cooper-labs-service-providing-phase-iv-amendment/517 "2026-01-26T12:03:49Z")
Summary: This proposal aims to amend PGP-35, a proposal to renew the service provision contract with Cooper Labs. Rationale: In October 2025 we proposed to renew our service providing for a 12-months period starting N… --- ## [PGP-37 l PRL Burn Phase I](https://gov.parallel.best/t/pgp-37-l-prl-burn-phase-i/515)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 9\ **Last updated:** [January 26, 2026, 12:03pm UTC](https://gov.parallel.best/t/pgp-37-l-prl-burn-phase-i/515 "2026-01-26T12:03:01Z")
Summary: This proposal aims to burn PRL coming from boughtback MIMO, issued MIMO/PRL from January 1st 2024 & future MIMO/PRL inflation. Rationale: Since PIP-46 l Introducing Parallel Tokenomics v2.0 100% of MIMO infla… --- ## [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 … --- ## [2024/2025 Parallel Protocol Roadmap - Cooper Labs](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 22\ **Last updated:** [January 5, 2026, 5:37pm UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415 "2026-01-05T17:37:26Z")
Dear DAO members, Following the approval of MIP-34 by the DAO, we take over the service provided from the previous service provider to the Parallel protocol. This post will be used to provide monthly updates on our pro… --- ## [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… --- ## [PGP-35 l Cooper Labs Service Providing Phase IV](https://gov.parallel.best/t/pgp-35-l-cooper-labs-service-providing-phase-iv/497)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 6\ **Last updated:** [January 5, 2026, 3:53pm UTC](https://gov.parallel.best/t/pgp-35-l-cooper-labs-service-providing-phase-iv/497 "2026-01-05T15:53:52Z")
Summary: This proposal aims to renew Cooper Labs’ engagement as a Service Provider for a fourth period, set to last 12 months. Rationale: A little less than 16 months after being engaged by the Parallel DAO to contrib… --- ## [Emergency Guardians: mevUSDC removal from USDp backing as a precautionary measure](https://gov.parallel.best/t/emergency-guardians-mevusdc-removal-from-usdp-backing-as-a-precautionary-measure/502)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 2\ **Last updated:** [November 28, 2025, 10:33pm UTC](https://gov.parallel.best/t/emergency-guardians-mevusdc-removal-from-usdp-backing-as-a-precautionary-measure/502 "2025-11-28T22:33:30Z")
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. Ho… --- ## [PGP-36 l Renew Octav for DAO Treasury Tracking](https://gov.parallel.best/t/pgp-36-l-renew-octav-for-dao-treasury-tracking/507)
**Author:** [@ATTRIUS](https://gov.parallel.best/u/ATTRIUS)\ **Replies:** 4\ **Last updated:** [November 26, 2025, 8:50pm UTC](https://gov.parallel.best/t/pgp-36-l-renew-octav-for-dao-treasury-tracking/507 "2025-11-26T20:50:18Z")
Summary: This proposal aims to renew Octav’s tooling for treasury management, accounting, and transparency reporting. Rationale: A year ago we proposed to the Parallel DAO our reporting services for its treasury. The… --- ## [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… [Next page](https://gov.parallel.best/latest.md?page=1)