July 2026 Recap:
- General:
- Focus is on Agentic Payments & Parallel v3.2.
- We are working on Parallel Bank project.
- Protocol:
- Smart Contracts:
- Parallel v3.2: Implemented & live in production, publicly announced, more details available here.
- sUSDp fix: Second audit completed, Implemented & live in production, publicly announced, more details available here.
- sPRL Tokenomics v2.1: sPRL2v2 deployed in production, publicly announced, more details available here.
- Backend:
- Savings USDp (sUSDp) Integration: Deployed in production.
- USDp backing rebalancing Keepers: Crosschain rebalancers Work in Progress.
- Parallel SDK: Released v1.12.0, v1.13.0, v1.14.0, v1.15.0
- Parallel MCP: Several improvements implemented, to be announced in the coming weeks
- Parallel CLI: Several improvements implemented, to be announced in the coming weeks
- Parallel x402: Completed, tests in progress
- Parallel MPP: Work in Progress (delayed)
- Parallel x402 Cashback System: Completed, tests in progress
- Frontend:
- Several small issues in the app fixed
- Borrow page: Addition of Euler in progress. (delayed to focus on Parallel v3.2)
- Landing Page: v2.0 ready for production deployment, pending agentic payment release
- 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)
- Others:
- A proposal has been published & approved to perform an additional audit of the whole protocol. More details available here: PGP-43 l Additional Parallel v3.2 Security Audit
- Cooper Labs is taking a 2 weeks break in August. More details available here.
- Smart Contracts:
- Growth & Marketing:
- Growth Metrics:
- USDp supply has stabilized around 2.00M in supply since last month. More details available here.
- Ads: We’ve the first $27k of the total $54k of budget approved by the DAO 1 year ago. Given the poor conversion rate we’ve decided to not continue using Spindl for now and focus on marketing campaign we’re running on X, Youtube, Instagram & Tiktok.
- Spindl Campaigns:
- Metrics Overview:
- Total Impressions: 227.2k
- Total Clicks: 1.5k
- CTR: 0.68%
- Total Conversions: 1.6k
- Total Spent: $1.6k
- Publishers:
- Coinbase Wallet
- Bitget Wallet
- Kucoin Wallet
- Metrics Overview:
- Spindl Campaigns:
- Growth Metrics:
