2026 Parallel Protocol Roadmap - Cooper Labs

General Chat
1

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 constant effort to ensure transparency.

The main objective for the coming months remains the same: Grow the TVL

Note: We have deliberately provided limited information on product development from Q3 2026 onwards in order to maintain product development driven almost exclusively by revenue and deals.

Q1 2026 (January - March):

  • Parallel v3.1:
    • Complete Rework of the Fee Distribution process in order to reduce reliance on DAO Multisigs signers for ops and increase decentralization and automation of it.
  • Parallel V3 Chains Expansion:
  • Implementation of additional security measures:
    • Implement a delay to execute critical DAO ops
    • Implement Hypernative
  • Transparency Dashboard v1.1
  • Manage day-to-day Ops
  • Growth:
    • Close deals with Curators to get:
      • sUSDp as collateral on lending protocols
      • USDp lending vaults
      • Lending vaults in backing of USDp
    • Close deals with others stablecoin providers to get:
      • Better yield in backing of USDp
      • sUSDp as collateral against these stablecoins in lending protocols
      • Co-incentivized liquidity pools
    • Deeper integration of the Parallelizer & Savings Modules in DEX Aggregators

Q2 2026 (April - June):

  • Parallel Tokenomics v2.1:
    • Switch Fee Distribution Chain to sPRL holders from Polygon to another chain (most likely Base)
    • Change Distribution token from PAR to USDp
  • Backend
    • Start the development of a back office to get a complete overview the system
    • Switch Parallel V3 backend automations from Gelato to in-house solutions
    • Complete rework of USDp backing single-chain rebalancing bots
  • Manage day-to-day Ops
  • Growth:
    • Close deals with Curators to get:
      • sUSDp as collateral on lending protocols
      • USDp lending vaults
      • Lending vaults in backing of USDp
    • Close deals with others stablecoin providers to get:
      • Better yield in backing of USDp
      • sUSDp as collateral against these stablecoins in lending protocols
      • Co-incentivized liquidity pools
    • Deeper integration of the Parallelizer & Savings Modules in DEX Aggregators

Q3 2026 (July - September):

  • Backend
    • MVP deployment of the back office
    • Complete rework of USDp backing cross-chain rebalancing bots
  • Manage day-to-day Ops
  • Growth:
    • Close deals with Curators to get:
      • sUSDp as collateral on lending protocols
      • USDp lending vaults
      • Lending vaults in backing of USDp
    • Close deals with others stablecoin providers to get:
      • Better yield in backing of USDp
      • sUSDp as collateral against these stablecoins in lending protocols
      • Co-incentivized liquidity pools
    • Close deals with chains to get:
      • Parallelizer module deployed
      • Savings module deployed
      • USDp & sUSDp incentives
    • Deeper integration of the Parallelizer & Savings Modules in DEX Aggregators

Q4 2026 (October - December):

  • Backend
    • v1 deployment of the back office
  • Manage day-to-day Ops
  • Growth:
    • Close deals with Curators to get:
      • sUSDp as collateral on lending protocols
      • USDp lending vaults
      • Lending vaults in backing of USDp
    • Close deals with others stablecoin providers to get:
      • Better yield in backing of USDp
      • sUSDp as collateral against these stablecoins in lending protocols
      • Co-incentivized liquidity pools
    • Close deals with chains to get:
      • Parallelizer module deployed
      • Savings module deployed
      • USDp & sUSDp incentives
    • Deeper integration of the Parallelizer & Savings Modules in DEX Aggregators
4 Likes
2024/2025 Parallel Protocol Roadmap - Cooper Labs
PGP-38 l Cooper Labs Service Providing Phase IV - Amendment
2

Great job Jean Brasse!

Changing sprl rewards to USDp makes sense in next-leveling the savings module. I’m proud to be on board of this journey.

Yours truly,

4 Likes
3

January 2026 Recap:

  • General:

    • Focus is on USDp Growth & Parallel v3.1
    • Due to the global economic situation, we are seeing many companies in the ecosystem facing layoff plans and reducing their growth and incentive budgets. This has resulted in fewer potential deals.
    • In addition, following the fraud committed by Stream in November 2025, we have observed growing scepticism towards decentralized stablecoins. We are therefore working with all partners to ensure that Parallel is as robust as possible. That is why we have proposed working with Hypernative and will propose a new full audit of the protocol in the coming days. We are also working on numerous documents to explain how the protocol works in detail, and are currently undergoing extensive due diligence, a process that takes several weeks to several months.

  • Protocol:

    • Smart Contracts:
      • Parallel v3.1: Completed
        • First Audit with BailSec in progress
        • Opened discussions with several audit companies for a new full codebase audit of Parallel, will publish a proposal in the coming days related to this.
      • Preparing deployment of USDp on new chains, including Parallelizer, Savings, Flashloans & Bridging Modules, as introduced in PIP-57 l USDp Chains Deployment Phase II (Delayed due to focus on Parallel v3.1)
    • Backend:
      • updateOracle & process_report Keepers: Completed. Now in production, replacing Gelato functions.
      • Savings USDp (sUSDp) Integration: Work in progress (delayed due to rework needed for v3.1)
      • USDp backing rebalancing Keepers: Work in progress (current priority)
    • Frontend:
      • Borrow page: Addition of Euler in progress. (Silo will not be integrated, focus is on Euler)
      • Transparency Dashboard: Publicly Announced. Added DeBank as a secondary option.
      • Mint page: Discussions ongoing to give users the possibility to mint & burn USDp on any chain in one transaction, including chains where the Parallelizer Module is not deployed.
    • Others:

  • Growth & Marketing:

    • Growth Metrics:
      • USDp supply at ATH with around 3.19M in supply. More details available here.
    • Ads:
      • Spindl Campaigns:
        • Metrics Overview:
          • Total Impressions: 324.9k
          • Total Clicks: 1.7k
          • CTR: 0.54%
          • Total Conversions: 1.7k
          • Total Spent: $1.7k
          • Publishers:
            • Coinbase Wallet
            • Jumper (deprecated during January due to the launch of their Earn product, considered by them as a competitor. We’re currently having discussions to onboard sUSDp in their Earn Page in order to bring back ads)
            • Bitget Wallet
      • We launched 12 new campaigns in January, it took 3 weeks to get approved by publishers, which is why the ads chart looks like this.
      • Ads will be published on 2 new publishers in the coming weeks, pending Spindl.

Capture d’écran 2026-02-02 à 19.41.53
Capture d’écran 2026-02-02 à 19.41.532852×1418 235 KB

  • Integrations:
    • Odos USDp mint/burn & stake/unstake contrats integrations: Work in progress. Integration delayed due to internal issues at Odos.
    • 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
  • Lending Protocols:
    • 2 integrations currently ongoing, to be announced later this month.
  • Oracles Protocols:
    • RedStone:
      • Fundamentals price feeds are live on Base, HyperEVM, Avalanche & Sonic. To be announced publicly later this month.
  • Others:
    • We were in discussions with 2 chains to bring USDp & sUSDp with incentives. The first one decided to pause grants & incentives due to market conditions. However we reached an oral agreement with the second one, we expect an MoU to be signed later this month.
2 Likes
PIP-63 l Introducing Parallel v3.1
PIP-63 l Introducing Parallel v3.1
4

Solid work. Security first is the right call. LFG. :saluting_face:

2 Likes