October 2024 Recap:
- Parallel Bridging Module:
- MIP-35┃Introducing Tunnel, the Parallel Bridging Module was introduced and approved by the DAO.
- MIP-35.1┃Deploy the PAR Bridging Module has been approved by the DAO, and deployment is currently underway.
- MIP-35.2┃Deploy the paUSD Bridging Module 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
- 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
- Others:
- We updated the tracking of the protocol on DeFiLlama following the migration of VaultsCore contracts (due to MIP-28┃Ratify the Parallel Insurance Fund) and added tracking for all missing collaterals.