# 2024/2025 Parallel Protocol Roadmap - Cooper Labs **URL:** \ **Category:** General Chat\ **Created:** [September 30, 2024, 1:50pm UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415 "2024-09-30T13:50:17Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![CooperLabs](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/cooperlabs/32/281_2.png) [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Post date:** [September 30, 2024, 1:50pm UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/1 "2024-09-30T13:50:17Z")
Dear DAO members, Following the approval of [MIP-34](https://gov.parallel.best/t/mip-34-l-future-of-the-murphy-labs-service-providing/409) 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 progress, in a constant effort to ensure transparency. The main objective for the coming months remains the same: close the gap accumulated with competitors over the last 2 years, in order to be able to restart the growth of the protocol while giving time to the team to focus on Parallel V3 for 2025. We are currently working hard to compensate for the delay accumulated by the previous service provider. However, delays in the initial roadmap are still to be expected, and we have updated the roadmap for a version that correlates with our current development capabilities: ![image](https://europe1.discourse-cdn.com/flex005/uploads/mimo1/original/1X/fd11d638a30909462382739ef10edea5edf2ad0f.png) **Q4 2024 (October - December):** - Clear Pending Proposal Execution: Execute approved proposals which have not yet been implemented - Parallel Bridging Module: A product for securely bridging PAR, paUSD & MIMO tokens between any chain (at the time of writing, the bridging module is ready, audited, and the proposal will be published on the governance forum in the next few days) - Parallel Updated dApp MVP: A brand new dApp, supporting upcoming products. (at the time of writing, the dApp is ready and will be deployed in production at the same time as the bridging module) - Parallel Tokenomics Update: A brand new tokenomics, with the aim of aligning the interests of users and the protocol as closely as possible. We expect a release before the end of 2024, however, additional delays can be expected due to potential technical difficulties and audits delays. - Parallel dApp Improvements: Implementation of new features on the dApp. (e.g tokenomics) **Q1 2025 (January - March):** - Parallel New Landing Page: A brand new landing page, reflecting Parallel protocol’s new ambitions. - Parallel Soft Visual Rebranding: A soft visual rebranding for a more modern, financial visual brand. - Parallel V3 R&D: Research and development on Parallel V3, with the aim of releasing the protocol in 2025. **Q2 2025 (April - June):** - Parallel V3: Development of the V3, with an estimated release date in June-July 2025. ---
**Author:** ![CooperLabs](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/cooperlabs/32/281_2.png) [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Post date:** [September 30, 2024, 1:51pm UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/2 "2024-09-30T13:51:04Z")
**September 2024 Recap:** - **Clear Pending Proposal Execution:** - [MIP-28 l Ratify the Parallel Insurance Fund](https://gov.parallel.best/t/mip-28-ratify-the-parallel-insurance-fund/382) We successfully updated the VaultsCore contracts in sync with Mimo Labs (to update the frontend currently in production). We are currently executing the remaining part of the proposal (which may take several weeks). - **Parallel Bridging Module:** - We deployed the bridging module on testnet following the audits, and it worked perfectly. The proposal to deploy it on Mainnet will be published on the forum in the next coming days. - **Parallel Updated dApp MVP:** - The dApp is currently in staging, as we patch the final bugs. It will be deployed with the bridging module. - **Parallel Tokenomics Update:** - We’ve been working on a Proof of Concept to validate the technical choices, and a proposal presenting the new tokenomics will be published on the forum in October. ---
**Author:** ![NL.1](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/nl.1/32/62_2.png) [@NL.1](https://gov.parallel.best/u/NL.1)\ **Post date:** [September 30, 2024, 9:44pm UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/3 "2024-09-30T21:44:05Z")
Great job guys. Question: Does MIMO need a white paper of sorts for the tokenomics update? I could imagine some legal structures will come into play? ---
**Author:** ![CooperLabs](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/cooperlabs/32/281_2.png) [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Post date:** [October 1, 2024, 11:49am UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/4 "2024-10-01T11:49:38Z")
Hey @NL.1 thanks for your questions! > [@NL.1](#): > > Does MIMO need a white paper of sorts for the tokenomics update? Whitepapers are rarely read and take a long time to write. We believe that good documentation will be more efficient. (Of course, it can still be discussed with the DAO) > [@NL.1](#): > > I could imagine some legal structures will come into play? Right now, the DAO and the protocol have no existing legal entity, but it might be interesting to discuss creating one (foundation, association, etc.). Furthermore, as the frontends do not belong to the DAO, but are maintained by external entities, it is up to them to take the necessary legal measures to ensure the legality of the services offered on their frontend (assimilation of the token to a security, etc…). ---
**Author:** ![CooperLabs](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/cooperlabs/32/281_2.png) [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Post date:** [October 31, 2024, 1:14pm UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/5 "2024-10-31T13:14:02Z")
**October 2024 Recap:** - **Parallel Bridging Module:** - [MIP-35┃Introducing Tunnel, the Parallel Bridging Module](https://gov.parallel.best/t/mip-35-introducing-tunnel-the-parallel-bridging-module/416) was introduced and approved by the DAO. - [MIP-35.1┃Deploy the PAR Bridging Module](https://gov.parallel.best/t/mip-35-1-deploy-the-par-bridging-module/417) has been approved by the DAO, and deployment is currently underway. - [MIP-35.2┃Deploy the paUSD Bridging Module](https://gov.parallel.best/t/mip-35-2-deploy-the-pausd-bridging-module/418) has been approved by the DAO, and deployment is currently underway. - **Parallel Updated dApp MVP:** - We’ve fixed the latest bugs and prepared for deployment of the bridging module. - **MIMO Token Upgrade:** - Following a successful Proof-of-Concept we opened discussions around a migration of the MIMO to a new token. The development of the token upgrade has been finalized and is currently pending audits. The discussion is available here: [Discussing a MIMO Token Upgrade](https://gov.parallel.best/t/discussing-a-mimo-token-upgrade/424) - **Parallel Tokenomics Update:** - Following a successful Proof-of-Concept we opened discussions around an upgrade of the current Parallel tokenomics. Development is currently underway. The discussion is available here: [Discussing a New Parallel Tokenomics](https://gov.parallel.best/t/discussing-a-new-parallel-tokenomics/425) - **Others:** - We updated the tracking of the protocol on [DeFiLlama](https://defillama.com/protocol/parallel-protocol#information) following the migration of VaultsCore contracts (due to [MIP-28┃Ratify the Parallel Insurance Fund](https://gov.parallel.best/t/mip-28-ratify-the-parallel-insurance-fund/382)) and added tracking for all missing collaterals. ---
**Author:** ![CooperLabs](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/cooperlabs/32/281_2.png) [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Post date:** [December 17, 2024, 11:54am UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/6 "2024-12-17T11:54:10Z")
**November 2024 Recap:** - **Parallel Bridging Module:** - The Parallel Bridging Module is now live in production for both PAR (Ethereum, Polygon PoS, Fantom) & paUSD (Ethereum, Polygon PoS) - **Parallel Updated dApp MVP:** - The MVP of the updated dApp is now live and available [here](https://app.parallel.best/bridge). - We have corrected several bugs in the bridging module tab and reworked the dApp backend. - **MIMO Token Upgrade:** - In line with the post published ([Discussing a MIMO Token Upgrade](https://gov.parallel.best/t/discussing-a-mimo-token-upgrade/424)) we’re working on the MIMO Token Upgrade: - Smart Contracts: Completed, pending audits - Backend: Completed - Frontend: First Version completed, we’re currently improving it - **Parallel Tokenomics Update:** - In line with the post published ([Discussing a New Parallel Tokenomics](https://gov.parallel.best/t/discussing-a-new-parallel-tokenomics/425)) we’re working on the new tokenomics: - Smart Contracts: 95% completed - Backend: Not yet started - Frontend: Work in progress - **Parallel Protocol Fees Computation Bug:** - On November 30th we detected a bug related to how the fees generated by the protocol are calculated. Following this, in collaboration with Mimo Labs we published a proposal ([PIP-39 l Protocol Fees Computation Update](https://gov.parallel.best/t/pip-39-l-protocol-fees-computation-update/432)) proposing a patch for it and started working on it. - **Parallel V3:** - We’ve started thinking about Parallel V3 and are studying several possibilities. More information in the coming months. ---
**Author:** ![CooperLabs](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/cooperlabs/32/281_2.png) [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Post date:** [January 3, 2025, 2:48pm UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/7 "2025-01-03T14:48:58Z")
**December 2024 Recap:** - **MIMO Token Upgrade:** - In line with the post published ([Discussing a MIMO Token Upgrade](https://gov.parallel.best/t/discussing-a-mimo-token-upgrade/424)) we’re working on the MIMO Token Upgrade: - Smart Contracts: Completed, pending audits. The public codebase is available here: [GitHub - parallel-protocol/PRL-token at dev](https://github.com/parallel-protocol/PRL-token/tree/dev) - Backend: Completed - Frontend: We continued to improve the frontend by solving several issues and implementing more informations for users - **Parallel Tokenomics Update:** - In line with the post published ([Discussing a New Parallel Tokenomics](https://gov.parallel.best/t/discussing-a-new-parallel-tokenomics/425)) we’re working on the new tokenomics: - Smart Contracts: Completed, pending audits. The public codebase is available here: [GitHub - parallel-protocol/tokenomics at dev](https://github.com/parallel-protocol/tokenomics/tree/dev) - Backend: Work in Progress - Frontend: First Version completed, we’re currently improving it - **Parallel Protocol Fees Computation Bug:** - Following the approval of the [PIP-39 l Protocol Fees Computation Update](https://gov.parallel.best/t/pip-39-l-protocol-fees-computation-update/432) we have completed and audited the computation update. - The initial audit report is available here: [Bailsec - Parallel Bridge - BridgeableToken - 1st Report .pdf - Google Drive](https://drive.google.com/file/d/1fP7GGmuWp6A6z7-lJ0aNt0g309Agd33F/view?usp=sharing) - We have fixed the bugs found, and expect to release the update in January. - **Parallel V3:** - We’ve started thinking about Parallel V3 and are studying several possibilities. More information in the coming months. ---
**Author:** ![CooperLabs](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/cooperlabs/32/281_2.png) [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Post date:** [February 6, 2025, 9:56pm UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/8 "2025-02-06T21:56:10Z")
**January 2025 Recap:** - **MIMO Token Upgrade:** - In line with the post published ([Discussing a MIMO Token Upgrade](https://gov.parallel.best/t/discussing-a-mimo-token-upgrade/424)) we’re working on the MIMO Token Upgrade: - Smart Contracts: Completed, first audit performed by [Bail Security](https://x.com/bailsecurity), second audit in progress - Backend: Subgraph development completed, Completed - Frontend: Completed - **Parallel Tokenomics Update:** - In line with the post published ([Discussing a New Parallel Tokenomics](https://gov.parallel.best/t/discussing-a-new-parallel-tokenomics/425)) we’re working on the new tokenomics: - Smart Contracts: Completed, first audit performed by [Bail Security](https://x.com/bailsecurity), second audit in progress - Backend: Subgraph development completed, currently working on the Paraboost system - Frontend: Completed - **Parallel Protocol Fees Computation Bug:** - The [PIP-39 l Protocol Fees Computation Update](https://gov.parallel.best/t/pip-39-l-protocol-fees-computation-update/432) has been successfully implemented. - PAR Instances on Ethereum, Polygon PoS and Fantom have been updated following the voted implementation. Newly deployed contracts are available in the [documentation](https://docs.mimo.capital/parallel-protocol/developers/contract-addresses/parallel-v2/par) - paUSD Instances on Ethereum and Polygon PoS have been updated following the voted implementation. Newly deployed contracts are available in the [documentation](https://docs.mimo.capital/parallel-protocol/developers/contract-addresses/parallel-v2/pausd) - Tunnel, the Parallel Bridging Module is back in production and available for both PAR & paUSD [here](https://app.parallel.best/bridge) - **Parallel V3:** - We have finalized our research phase and begun active development of V3. We are confident in our ability to release a V3 Minimum Viable Product (MVP) during Q2 2025. - **Parallel Soft Visual Rebranding:** - Cooper Labs has engaged [MOM](https://x.com/built_by_mom), a web3 design & development agency to work on the soft visual rebranding. - The visual rebranding will be supervised by Cooper Labs, before a formal proposal to the DAO to validate it. - The decision to hire MOM was mainly motivated by the need to move forward quickly and the difficulty of recruiting a good designer. We are currently looking for a UI/UX designer, with a $5,000 bounty for any successful referral. - _Note: The costs associated with recruiting MOM are included in the service providing proposal, meaning that there will be no additional costs for the DAO._ - **White Hat Finding Report:** - On February 1st we have been contacted by a white hat who claimed to have found a critical issue on the current version of the protocol and more specifically on the latest version of the bridging module deployed on January 31st. - As the protocol doesn’t have a public bug bounty program, we agreed with him on a maximum payout in the event of a valid issue, partially based on the amount in the insurance fund. - At the same time, we opened a war room with Bail Security, having audited both versions of the Bridging Module, in order for them to analyze with us the validity and criticality of the potential issues raised by the white hat. - After several days of analysis and discussions with the white hat, we came to the joint conclusion on February 6th that the potential issues raised were false positives. - Even though the issues were false positives, it made us realize our lack of capacity to manage security issues, as well as the importance of security. In the next few weeks, we will be publishing a proposal in collaboration with Mimo Labs to set up a public bug bounty program, as well as a proposal for rapid reaction in the event of an attack on the protocol. - **Others:** - We updated the tracking of the protocol on [DeFiLlama](https://defillama.com/protocol/parallel-protocol#information) following the migration of VaultsCore contracts (due to [PIP-39 l Protocol Fees Computation Update](https://gov.parallel.best/t/pip-39-l-protocol-fees-computation-update/432)). ---
**Author:** ![NL.1](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/nl.1/32/62_2.png) [@NL.1](https://gov.parallel.best/u/NL.1)\ **Post date:** [February 7, 2025, 7:22am UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/9 "2025-02-07T07:22:36Z")
That’s some solid work guys, respect. Hope you can publish the V3 in Q2. And also, thank you Mr. White Hat (if you read this). ---
**Author:** ![CooperLabs](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/cooperlabs/32/281_2.png) [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Post date:** [March 12, 2025, 5:16pm UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/11 "2025-03-12T17:16:55Z")
**February 2025 Recap:** - **MIMO Token Upgrade:** - In line with the post published ([Discussing a MIMO Token Upgrade](https://gov.parallel.best/t/discussing-a-mimo-token-upgrade/424)) we’re working on the MIMO Token Upgrade: (formal proposal to be published in the coming days) - Smart Contracts: Completed - first audit performed by [Bail Security](https://x.com/bailsecurity). Report available [here](https://docs.mimo.capital/parallel-protocol/resources/security-audits) - second audit performed by [Zenith](https://www.zenith.security/). Report available [here](https://docs.mimo.capital/parallel-protocol/resources/security-audits) - Backend: Completed - Frontend: Completed - **Parallel Tokenomics Update:** - In line with the post published ([Discussing a New Parallel Tokenomics](https://gov.parallel.best/t/discussing-a-new-parallel-tokenomics/425)) we’re working on the new tokenomics: (formal proposal to be published in the coming days) - Smart Contracts: Completed - first audit performed by [Bail Security](https://x.com/bailsecurity). Report available [here](https://docs.mimo.capital/parallel-protocol/resources/security-audits) - second audit performed by [Zenith](https://www.zenith.security/). Report available [here](https://docs.mimo.capital/parallel-protocol/resources/security-audits) - Backend: ParaBoost Development completed, currently improving the back office and computation of it - Frontend: Completed - **Parallel V3:** - We have finalized our research phase and begun active development of V3. We are confident in our ability to release a V3 Minimum Viable Product (MVP) during Q2 2025: - Smart Contracts: Work in Progress, first audit starting March 17th - Backend: Not yet started - Frontend: Design of the MVP Completed, Frontend Integrated coming next - **Parallel Soft Visual Rebranding & Landing Page:** - Cooper Labs has engaged [MOM](https://x.com/built_by_mom), a web3 design & development agency to work on the soft visual rebranding. - Soft Visual Rebranding: Completed, to be posted on the forum in the coming weeks with the landing page design - Landing Page Design: Work in Progress ---
**Author:** ![CooperLabs](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/cooperlabs/32/281_2.png) [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Post date:** [April 8, 2025, 1:34pm UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/12 "2025-04-08T13:34:25Z")
**March 2025 Recap:** - **MIMO Token Upgrade:** - We published [PIP-45 l Introducing PRL, the MIMO Token Upgrade](https://gov.parallel.best/t/pip-45-l-introducing-prl-the-mimo-token-upgrade/458) on the governance forum. The proposal is expected to go on Snapshot for vote in the coming days. - **Parallel Tokenomics Update:** - We published [PIP-46 l Introducing Parallel Tokenomics v2.0](https://gov.parallel.best/t/pip-46-l-introducing-parallel-tokenomics-v2-0/460) on the governance forum. The proposal is expected to go on Snapshot for vote in the coming days. - **Parallel V3:** - V3 is under active develompment. We are still confident in our ability to release a V3 Minimum Viable Product (MVP) during Q2 2025: - Smart Contracts: Completed. Audit expected to be finished by end of month. Formal verification of critical part of the codebase also started on March 31st for a 4-week period - Backend: Work in Progress - Frontend: MVP currently being implemented - Design: Design of MVP completed in February, whole dApp design currently being made - **Parallel Soft Visual Rebranding & Landing Page:** - Cooper Labs has engaged [MOM](https://x.com/built_by_mom), a web3 design & development agency to work on the soft visual rebranding: - Soft Visual Rebranding: Completed, to be posted on the forum in the coming days - Landing Page Design: Completed, to be posted on the forum in the coming days ---
**Author:** ![CooperLabs](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/cooperlabs/32/281_2.png) [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Post date:** [May 2, 2025, 9:17pm UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/13 "2025-05-02T21:17:25Z")
**April 2025 Recap:** - **MIMO Token Upgrade:** - The MIMO to PRL token upgrade is now live in production and accessible [here](https://app.parallel.best/migrate). - Learn more about in the documentation available [here](https://docs.mimo.capital/parallel-protocol/parallel-protocol/prl-parallel-governance-token/mimo-to-prl-migration). - **Parallel Tokenomics Update:** - The PRL Tokenomics is now live in production and accessible [here](https://app.parallel.best/stake) - Learn more about in the documentation available [here](https://docs.mimo.capital/parallel-protocol/parallel-protocol/prl-parallel-governance-token/tokenomics) - **Parallel Soft Visual Rebranding & Landing Page:** - The new visual identity has been implemented on all social assets of the protocol. Some examples: - [https://x.com/ParallelMoney](https://x.com/ParallelMoney) - [https://gov.parallel.best/](https://gov.parallel.best/) - [https://blog.parallel.best/](https://blog.parallel.best/) - [https://app.parallel.best/](https://app.parallel.best/) - The new Parallel landing page is live and accessible [here](https://parallel.best/) - We also released a dedicated website presenting brand guidelines, which is accessible [here](https://brand.parallel.best/) - **Parallel V3:** - V3 is under active develompment. We are still confident in our ability to release a V3 Minimum Viable Product (MVP) during Q2 2025: - Smart Contracts: Completed. We received initial reports of both the audit and the partial formal verification, currently implementing fixes. - Backend: Work in Progress - Frontend: Work in Progress - Design: Design of MVP completed in February, whole dApp design currently being made ---
**Author:** ![CooperLabs](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/cooperlabs/32/281_2.png) [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Post date:** [June 9, 2025, 9:45am UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/14 "2025-06-09T09:45:47Z")
**May 2025 Recap:** - **Parallel V3:** - We published [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) on the governance forum. The proposal is expected to go on Snapshot for vote in the coming days. - We published [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) on the governance forum. The proposal is expected to go on Snapshot for vote in the coming days. - Smart Contracts: Completed. - We received final reports of both the audit and the partial formal verification following implemented fixes. - Audits reports can be found [here](https://docs.mimo.capital/parallel-protocol/resources/security-audits). - Backend: Work in Progress, - [Odos](https://www.odos.xyz/) integration: Completed - [Fly](https://app.fly.trade/swap/sonic/wstkscUSD/sonic/USDC) integration: Completed - [Definitive](https://www.definitive.fi/) integration: Work in progress - Savings USDp (sUSDp) Integration: Work in progress - Frontend: Work in Progress - Swap page: 90% completed - Earn page: 90% completed - New dApp Menu: Work in progress - Design: Work in Progress - New dApp Menu: Completed - New Stake page: Completed - Yield page: Completed - Dashboard page: Work in Progress - **Marketing:** - We have launched mini-videos lasting no more than one minute to kick off a small marketing campaign for Parallel. The first video can be viewed [here](https://x.com/ParallelMoney/status/1919782858832363689). - Several videos are already ready to be posted and will be published in the coming weeks. ---
**Author:** ![CooperLabs](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/cooperlabs/32/281_2.png) [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Post date:** [July 14, 2025, 8:55am UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/15 "2025-07-14T08:55:21Z")
**June 2025 Recap:** - **Parallel V3:** - [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) has been approved by the DAO. - [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) has been approved by the DAO. - We published [PGP-29 l Marketing & Growth Strategy Phase I](https://gov.parallel.best/t/pgp-29-l-marketing-growth-strategy-phase-i/480) in collaboration with Mimo Labs & Spindl to launch a marketing & growth strategy. The proposal has been approved by the DAO. - Smart Contracts: Completed. - Parallel V3 is currently being deployed on the 16 approved chains. - Backend: Work in Progress - [Odos](https://www.odos.xyz/) integration: Completed - [Fly](https://app.fly.trade/swap/sonic/wstkscUSD/sonic/USDC) integration: Completed - [Definitive](https://www.definitive.fi/) integration: Cancelled (due to issues with their API format) - Savings USDp (sUSDp) Integration: Work in progress - Frontend: Work in Progress - Swap page: 99% completed - Earn page: 99% completed - New dApp Menu: Completed - Yield page: 99% completed - Dashboard: Work in Progress - Design: Work in Progress - Yield page: Completed - Dashboard page: Completed - dApp Mobile Version: Work in Progress - **BD & Marketing:** - We attended ethCC in Cannes to prepare the launch of Parallel V3. We published a small video to announce it, which is available [here](https://x.com/ParallelMoney/status/1938243429265199381). - We’re currently preparing the launch of the incentives & ads program with partners. ---
**Author:** ![CooperLabs](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/cooperlabs/32/281_2.png) [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Post date:** [August 5, 2025, 3:38am UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/16 "2025-08-05T03:38:38Z")
**July 2025 Recap:** - **Parallel V3:** - **BD & Marketing:** **Note:** _Team will be off the 2 first weeks of August as part of annual summer break._ ---
**Author:** ![CooperLabs](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/cooperlabs/32/281_2.png) [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Post date:** [September 1, 2025, 6:26pm UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/17 "2025-09-01T18:26:55Z")
**August 2025 Recap:** - **Parallel V3:** - Smart Contracts: Completed. - Backend: Work in Progress - Yield Bearing Assets in backing automatic price update: Completed - Savings USDp (sUSDp) Integration: Work in progress - USDp backing rebalancing keepers: Work in progress - Frontend: Work in Progress - Borrow page: Work in progress - dApp Mobile Version: Work in progress - Design: Completed - **BD & Marketing:** - We’re currently preparing the launch of the incentives & ads program with partners. - Integration: - Odos USDp mint/burn & stake/unstake contrats integrations: Work in progress - Fly USDp mint/burn contrats integrations: Work in progress - In discussion with additional DEX aggregators to natively integrate USDp mint/burn & stake/unstake contrats - DEXes Protocols: - Partnerships to be announced - Lending Protocols: - Partnerships to be announced - Yields Protocols: - Partnerships to be announced **Note:** _Team was off the 2 first weeks of August as part of annual summer break. Most teams we’re working with were off this month, thus reducing our ability to announce partnerships._ ---
**Author:** ![CooperLabs](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/cooperlabs/32/281_2.png) [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Post date:** [October 3, 2025, 11:27pm UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/18 "2025-10-03T23:27:31Z")
**September 2025 Recap:** - **General:** - Launched Parallel V3 & USDp on 16 chains. More details available [here](https://x.com/ParallelMoney/status/1963634048460324884). - **Protocol:** - Smart Contracts: - Deployed Parallelizer & Savings modules on Avalanche - Solved a configuration issue with the scUSD silo vault allowed in backing of USDp on Sonic. More details available [here](https://x.com/ParallelMoney/status/1970504150321611041). - Backend: - Savings USDp (sUSDp) Integration: Work in progress - USDp backing rebalancing keepers: Work in progress - Frontend: - Borrow page: Completed MVP with the integration of Morpho. We started the integration of Silo & Euler. - dApp Mobile Version: Work in progress. Currently in internal testing phase, expected to go live later this month. - Mint page: - Improvements of user flow + possibility to add custom token: Work in progress. Currently in internal testing phase, expected to go live later this month. - OpenOcean API integration: Work in progress. Currently in internal testing phase, expected to go live later this month. - GlueX API integration: Work in progress. Currently in internal testing phase, expected to go live later this month. - KyberSwap API integration: Work in progress. Currently in internal testing phase, expected to go live later this month. - Liquid Labs API integration: Work in progress. Currently in internal testing phase, expected to go live later this month. - Gnosis Safe Integration: Rework in progress (requested by liquid funds & big holders) - Investigated a potential issue on our frontend. Found nothing. More details available [here](https://x.com/ParallelMoney/status/1965126941499162846) & [here](https://x.com/ParallelMoney/status/1966052048606212606). - Design: - Earn page redesign: Work in progress - Mint page new user flow + custom token addition: Completed - Others: - Managed several false positives of critical issues in protocol deployed smart contracts & App. - **BD & Marketing:** - Ads: - Expected to go live later this month. - Integration: - OpenOcean USDp mint/burn & stake/unstake contrats integrations: Completed - Odos USDp mint/burn & stake/unstake contrats integrations: Work in progress - GlueX USDp mint/burn & stake/unstake contrats integrations: Work in progress - KyberSwap USDp mint/burn & stake/unstake contrats integrations: Work in progress - Liquid Labs USDp mint/burn & stake/unstake contrats integrations: Work in progress - In discussion with additional DEX aggregators to natively integrate USDp mint/burn & stake/unstake contrats - Oracles Protocols: - Proposed the launch of RedStone powered price feed for USDp & sUSDp. Approved by the DAO, more details available [here](https://x.com/ParallelMoney/status/1968477562239418768). - Proposed the launch of DIA powered price feed for USDp & sUSDp. Approved by the DAO, more details available [here](https://x.com/ParallelMoney/status/1968505834763337888). - Stablecoins Protocols: - Announced partnership with Trevee on Sonic. More details available [here](https://x.com/ParallelMoney/status/1971219770398986315). - DEXes Protocols: - Announced partnership with KittenSwap on HyperEVM. More details available [here](https://x.com/ParallelMoney/status/1966115120083259504) & [here](https://x.com/ParallelMoney/status/1965405501958881506). - Announced new pool with Balancer on Base. More details available [here](https://x.com/ParallelMoney/status/1964907556226408829). - Announced partnership with Beets on Sonic. More details available [here](https://x.com/ParallelMoney/status/1971219770398986315). - Lending Protocols: - Announced partnership with HypurrFi on HyperEVM. More details available [here](https://x.com/ParallelMoney/status/1964092735297900726). - Yields Protocols: - Announced partnership with Spectra on HyperEVM. More details available [here](https://x.com/ParallelMoney/status/1964009036971733150). - **Strategy:** - We spent the summer thinking about the best strategy for the protocol: should we focus on v3.1, should we build v3.1 while expanding the protocol, or should we focus on the growth of the protocol? After alot of discussions, we decided to choose the third option and focus on the growth of the protocol. - Parallel V3 now allows us to scale and deploy quickly on new chains (e.g., Avalanche in less than 15 days), moreover demand for stablecoins and yield is growing exponentially. Parallel is perfectly positioned to capture market share. - So what is the strategy? 1. The Parallel V3 architecture allows USDp to be minted/burned & staked/unstaked at any time for its collateral. This means that DEX aggregators can integrate us as a DEX, allowing them to get the best price for USDp and achieve higher volume. 2. Assets authorized in the backing obtain instant liquidity, with the protocol acting as a DEX. We sell this instant liquidity on their assets to partners (e.g., Trevee, Frax) while being integrated everywhere via the integration of our mint/burn in DEX aggregators in exchange for co-incentives on common liquidity pools (e.g., USDp/scUSD). 3. The goal of steps 1 and 2 is to increase liquidity on DEXs for one reason only: to meet the criteria necessary to get price feeds for USDp and sUSDp (e.g., 3x$1M for RedStone). Once the price feeds have been secured, the objective of step 3 is to deploy sUSDp as collateral and USDp for lending on as many lending protocols as possible (e.g., HypurrFi, Silo). Why is this important? Let’s say that sUSDp with a yield of 12% APR is allowed as collateral on a lending protocol against USDC to be borrowed at 6% APR. Someone deposits 1 sUSDp as collateral, borrows 0.95 USDC, swaps the USDC for sUSDp, redeposits it as collateral, borrows USDC again, and so on, obtaining a net yield well above the base sUSDp rate (e.g., 25% net APR). For an initial 1 USDp, between 4 and 8 USDp could be minted via lending loops. 4. We now have sUSDp available as collateral on lending protocols ready for lending leverage. The question is: who will come and do this strategy? This is where liquid funds enter the game. Over the past 12 months, demand for yield on stablecoins has grown exponentially. Our target is to sell Parallel leverage strategies to these funds. _Note: We are already working on each stage of the strategy. We are confident in our ability to reach stage 4 before the end of 2025._ ---
**Author:** ![781](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/781/32/286_2.png) [@781](https://gov.parallel.best/u/781)\ **Post date:** [October 4, 2025, 10:29pm UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/19 "2025-10-04T22:29:02Z")
Amazing job ! Congrats ! ❤🚀🚀🚀 ---
**Author:** ![CooperLabs](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/cooperlabs/32/281_2.png) [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Post date:** [November 4, 2025, 3:29am UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/20 "2025-11-04T03:29:40Z")
**October 2025 Recap:** - **General:** - Focus is on USDp Growth. - **Protocol:** - Smart Contracts: - Preparing deployment of USDp on new chains, including Parallelizer, Savings, Flashloans & Bridging Modules - Preparing changes of DVNs on USDp bridging modules (in order to expand to new chains) - Backend: - Savings USDp (sUSDp) Integration: Work in progress - USDp backing rebalancing Keepers: Work in progress - USDp Oracle Updates Keepers: Completed. Had to build our own keepers in order to expand USDp on new chains since Gelato is not on chains we’re in negotiations with. - Frontend: - Borrow page: Addition of Euler & Silo in progress. - dApp Mobile Version: Completed. More details available [here](https://x.com/ParallelMoney/status/1980290712718696672). - Mint page: - Improvements of user flow + possibility to add custom token: Completed - OpenOcean API integration: Completed - GlueX API integration: Completed - KyberSwap API integration: Completed - Liquid Labs API integration: Completed - Earn page: - Design Rework Implementation: Completed - Gnosis Safe Integration: Rework in progress (requested by liquid funds & big holders). This is taking much more time than initially expected, mainly due to poor documentation & many edges cases to fix. - Design: - Earn page redesign: Completed - Others: - Managed several false positives of critical issues in protocol deployed smart contracts & App. - **Growth & Marketing:** - Growth Metrics: - USDp reached [$1M](https://x.com/ParallelMoney/status/1978392497060720996) & [$2M](https://x.com/ParallelMoney/status/1983196004171272224) TVL. - USDp reached $1M daily volume for 3 consecutive days. More details available [here](https://x.com/ParallelMoney/status/1977744734539149404). - [Working](https://x.com/ParallelMoney/status/1979205475955855531). - Ads: - We started ads on Spindl on October 15th with a first campaign targeting USDp Yield Opportunities. We wanted to run more campaigns at the same time (eg. earn, borrow, mint, etc.) but Spindl is currently migrating from their V1 to V2 and run new campaigns is not very easy. We expect to be able to start running more campaigns in the coming weeks. - Metrics Overview: - Total Impressions: 25k - Total Clicks: 444 - CTR: 1.77% - Total Conversions: 428 - Total Spent: $428 - Publishers: - Coinbase Wallet - Jumper - Bitget Wallet ![Capture d’écran 2025-11-04 à 00.05.28](https://europe1.discourse-cdn.com/flex005/uploads/mimo1/original/1X/ffd903fe1a2330e6f6fbc910a3f067fad6503c97.png) - Integration: - OpenOcean USDp mint/burn & stake/unstake contrats integrations: Publicly [Announced](https://x.com/ParallelMoney/status/1981388220916212174). - KyberSwap USDp mint/burn & stake/unstake contrats integrations: Completed. To be publicly announced later this month - Odos USDp mint/burn & stake/unstake contrats integrations: Work in progress - GlueX USDp mint/burn & stake/unstake contrats integrations: Work in progress - Liquid Labs USDp mint/burn & stake/unstake contrats integrations: Work in progress - In discussion with additional DEX aggregators to natively integrate USDp mint/burn & stake/unstake contrats - Oracles Protocols: - DIA: - Fundamentals price feeds are live, will be publicly announced later this month. - Markets price feed are expected to be live later this month, DIA is currently working on deployment of them. - DEXes Protocols: - frxUSD/USDp Curve Pool in collaboration with Frax is live on Sonic. More details available [here](https://x.com/ParallelMoney/status/1976337460922810382) & [here](https://x.com/ParallelMoney/status/1978460364133290234). - Announced partnership with StakeDAO for Curve pools. More details available [here](https://x.com/ParallelMoney/status/1977628398341263790). - Stablecoins Protocols: - Announced partnership with Trevee. More details available [here](https://x.com/ParallelMoney/status/1976999964569211101). - 77% of all sfrxUSD on Sonic are held by USDp reserves. More details available [here](https://x.com/ParallelMoney/status/1983599029239124380). - Others: - Announced Partnership with Octav. More details available [here](https://x.com/ParallelMoney/status/1976694315377475720). - Announced Partnership with Gelato. More details available [here](https://x.com/ParallelMoney/status/1980660464431575503). - Announced the launched of DAO approved Bug Bounty Program on ImmuneFi. More details available [here](https://x.com/ParallelMoney/status/1974156672517222565). ---
**Author:** ![CooperLabs](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.parallel.best/cooperlabs/32/281_2.png) [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Post date:** [December 2, 2025, 2:53pm UTC](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415/21 "2025-12-02T14:53:50Z")
**November 2025 Recap:** - **General:** - Focus is on USDp Growth. - **Protocol:** - Smart Contracts: - Preparing deployment of USDp on new chains, including Parallelizer, Savings, Flashloans & Bridging Modules, as introduced in [PIP-57 l USDp Chains Deployment Phase II](https://gov.parallel.best/t/pip-57-l-usdp-chains-deployment-phase-ii/508) - Preparing changes of DVNs on USDp bridging modules (in order to expand to new chains), as introduced in [PIP-56 l Update PRL DVNs](https://gov.parallel.best/t/pip-56-l-update-prl-dvns/506) - Backend: - Savings USDp (sUSDp) Integration: Work in progress - USDp backing rebalancing Keepers: Work in progress - Frontend: - Borrow page: Addition of Euler & Silo in progress. - Transparency Dashboard: [Completed](http://app.parallel.best/transparency). To be announced publicly later this month - Gnosis Safe Integration: Completed. To be announced publicly later this month - Others: - Managed several false positives of critical issues in protocol deployed smart contracts & App. - Managed DAO ops, including DAO proposals implementation, emergency transactions, etc. - Attended DevConnect in Buenos Aires. - **Growth & Marketing:** - Growth Metrics: - While not being impacted by the Balancer exploit & Stream rug pool, we advised our LPs to withdraw their positions, leading to no growth this month. - Ads: - Spindl Campaigns: - Metrics Overview: - Total Impressions: 376.8k - Total Clicks: 1.8k - CTR: 0.47% - Total Conversions: 1.5k - Total Spent: $1.5k - Publishers: - Coinbase Wallet - Jumper - Bitget Wallet ![Capture d’écran 2025-12-02 à 11.40.41](https://europe1.discourse-cdn.com/flex005/uploads/mimo1/original/1X/9fac2bb84d0681b2ff1976eb0c8c85f4a19f3526.png) - Integration: - Odos USDp mint/burn & stake/unstake contrats integrations: Work in progress. Expected to be live in December. - GlueX USDp mint/burn & stake/unstake contrats integrations: Work in progress - Liquid Labs USDp mint/burn & stake/unstake contrats integrations: Work in progress - In discussion with additional DEX aggregators to natively integrate USDp mint/burn & stake/unstake contrats - Oracles Protocols: - DIA: - Fundamentals price feeds are live, will be publicly announced later this month. - Markets price feed are partially live, will be publicly announced later this month. - Others: - Announced integration with KyberSwap. More details available [here](https://x.com/ParallelMoney/status/1988588120875680057). [Next page](https://gov.parallel.best/t/2024-2025-parallel-protocol-roadmap-cooper-labs/415.md?page=2)