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
PGP-38 l Cooper Labs Service Providing Phase IV - Amendment
2024/2025 Parallel Protocol Roadmap - Cooper Labs
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
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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
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  • 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
5

February 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.
  • Protocol:
    • Smart Contracts:
      • Parallel v3.1: Completed.
        • BailSec Audit: Completed. 0 ciritical, high & medium findings related to the code currently in production found.
        • Cyfrin Audit: Initial report received on February 27th, currently working on fixes. 0 ciritical, high & medium findings related to the code currently in production found.
      • 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:
      • Savings USDp (sUSDp) Integration: Work in progress (delayed due to rework needed for v3.1)
      • USDp backing rebalancing Keepers: Single chain rebalancers MVP live internally, working on stability and security. Crosschain rebalancers coming next.
    • Frontend:
      • Borrow page: Addition of Euler in progress.
      • Borrow & Yield page: Addition of Merkl completed.
      • Transparency Dashboard: Transparency Dashboard V2 work in progress, will include more details related to the backing & supply of USDp as well as associated risk of it.
      • 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.
        • Routing: reworked routing to provide better prices. Native mint/burn is now considered as an aggregator, no more need to click ‘Mint Preferred’ to get routed via native mint/burn.
    • Others:
  • Growth & Marketing:
    • Growth Metrics:
      • USDp supply at ATH with around 3.47M in supply. More details available here.
    • Ads:
      • Spindl Campaigns:
        • Metrics Overview:
          • Total Impressions: 668.5k
          • Total Clicks: 3.7k
          • CTR: 0.55%
          • Total Conversions: 3.7k
          • Total Spent: $3.7k
          • Publishers:
            • Coinbase Wallet
            • Bitget Wallet
            • Kucoin Wallet

Capture d’écran 2026-03-03 à 22.19.11
Capture d’écran 2026-03-03 à 22.19.112940×1522 258 KB

  • Integrations:
    • DEX Aggregators:
      • Odos USDp mint/burn & stake/unstake contrats integrations: Cancelled. Their BD left the company and no one is answering us.
      • 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
    • Stablecoins:
      • New pool live on Curve Avalanche in collaboration with Frax. More details available here.
    • Lending Protocols:
      • HypurrFi integration live, to be announced publicly in March.
    • Yield Protocols:
      • New Pool live on Spectra in collaboration with Gami Capital. More details available here & here.
    • Oracles Protocols:
      • RedStone:
        • Fundamentals price feeds are live on Base, HyperEVM, Avalanche & Sonic. More details available here.
  • Others:
    • As announced on Telegram, Jean Brasse, is no more part of Mimo Labs. His focus is now fully on Cooper Labs, as CEO & Head of Product.
    • In a continuous effort to ensure transparency and as discussed individually with several DAO members, Cooper Labs will not be seeking an increase in monthly compensation. However, we will begin expanding our operations to other protocols in the coming months. This will not affect the resources allocated to Parallel.
    • One of Cooper Labs’ front-end engineers was let go earlier this month, his contract is finishing later this month. The decision is not related to Jean Brase no more being part of Mimo Labs.
2 Likes
6

March 2026 Recap:

  • General:
    • Parallel v3.2:
      • After internal deliberations and discussions with key shareholders and DAO members regarding the protocol’s future direction, it seems clear that agentic payments will play an increasingly significant role in global transactions over the next few years, driven by agents’ need to access data and make payments without credit cards, particularly via the x402 and MPP protocols. This market is currently 99% dominated by USDC. We therefore believe there is an opportunity to quickly capture market share. We have thus begun immediate development of Parallel v3.2 (and paused certain other ongoing development projects) in order to enter this market as quickly as possible. This will be our focus for Q2 and Q3 2026
      • Note: This does not mean we are halting all DeFi development; there is still growing demand for on-chain yield, primarily from institutions (B2B), which is currently our main focus in terms of growth. Demand on the B2C side is at an all-time low, and we have not targeted this market since launch.
    • Focus is on USDp Growth & Parallel v3.2
    • 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.
  • Protocol:
    • Smart Contracts:
      • Parallel v3.2: Work in Progress
      • USDp, Flashloan Module & Bridging Module are deployed on 8 additional chains, currently in testing phase (few issues with LayerZero, they are working on fixes). Will be publicly released in April
    • Backend:
      • Savings USDp (sUSDp) Integration: MVP Live, pending Parallel v3.1 deployment to be deployed in production.
      • USDp backing rebalancing Keepers: Single chain rebalancers MVP live internally, working on stability and security. Crosschain rebalancers coming next.
      • Parallel API: V2 completed (was needed to prepare agentic payments)
      • Parallel SDK: V1 completed, currently gradually implemented in the app (was needed to prepare agentic payments)
      • Parallel MCP: Work in Progress
    • Frontend:
      • Borrow page: Addition of Euler in progress. (delayed to focus on Parallel v3.2)
      • Transparency Dashboard: Transparency Dashboard V2 work in progress, will include more details related to the backing & supply of USDp as well as associated risk of it. (delayed to focus on Parallel v3.2)
      • 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. (delayed to focus on Parallel v3.2)
        • Routing: reworked routing to provide better prices. Native mint/burn is now considered as an aggregator, no more need to click ‘Mint Preferred’ to get routed via native mint/burn. (delayed to focus on Parallel v3.2)
    • Others:
  • Growth & Marketing:
    • Growth Metrics:
      • USDp supply at ATH (+10.66% MoM) with around 3.84M in supply. More details available here.
    • Ads:
      • Spindl Campaigns:
        • Metrics Overview:
          • Total Impressions: 421.8k
          • Total Clicks: 3.2k
          • CTR: 0.75%
          • Total Conversions: 3.2k
          • Total Spent: $3k
          • Publishers:
            • Coinbase Wallet
            • Bitget Wallet
            • Kucoin Wallet

Capture d’écran 2026-04-08 à 16.02.31
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  • Integrations:
    • DEX Aggregators:
      • In discussion with additional DEX aggregators to natively integrate USDp mint/burn & stake/unstake contrats
    • DEXs Protocols:
      • New USDp/USDC live on HyperEVM in collaboration with HypurrFi & Clearstar. More details available here.
    • Lending Protocols:
      • HypurrFi integration live. More details available here & here.
      • Purrlend integration live. More details available here.
4 Likes
7

Cooper Labs is on it’s way to make this the global number1 DeFi stablecoin protocol.

3 Likes