Parallel V3, USDp, app mobile & more on Cooper Labs’ 13th report 👇

🌏 Asia Conference Tour → wrapped. From Vietnam to Malaysia, Bali, Tokyo, Taipei, Seoul, and Singapore...every stop reminded us why Asia plays such a key role in the future of DeFi. Thank you everyone for this incredible ride! See you next year 😎

All the details below for the new ongoing Parallel Protocol Bug Bounty Program with Immunefi 👇

The most rewarding pool on all of Sonic right now is the Frax frxUSD/USDp Curve Finance pool with Parallel Protocol. LP while the APY is high👇

USDp / frxUSD 👀 LP here: curve.finance/dex/sonic/pool…

✅ Depeg protection

A new partnership is live: Parallel Protocol x Stake DAO 🔥

Higher.

Parallel is building 🔥

📲

We’re excited to partner with Gelato to power Parallel V3 backend automation, using Gelato Functions ⚙️ This helps make Parallel more reliable, efficient, and autonomous.

Big thanks to Certora for the security assessment and formal verification 🤝 Appreciate the rigor and partnership as always. 📄 Full report ↓

$2,000,000 TVL reached on Parallel Protocol 🔥 Higher.

A proposal has been published on the governance forum to renew @Cooper_labs' engagement as a Service Provider for a fourth period. Proposal: gov.parallel.best/t/pgp-35-l-coo…

📊 USDp backing update The backing of USDp now holds 77% of all sfrxUSD on Sonic, highlighting our strong partnership with Frax Finance ¤⛓️¤ and deep alignment between both ecosystems. Take advantage of the partnership ↓

A proposal has been published on the governance forum to re-elect 8 DAO multisig signers for a 12-month mandate. Proposal: gov.parallel.best/t/pip-53-l-dao…

A proposal has been published on the governance forum to retire paUSD, the Parallel V2 USD stablecoin. Proposal: gov.parallel.best/t/pip-54-l-sun…

New proposals on the forum! 👇

Thanks Bailsec for auditing Parallel Protocol V3 Core!

As a reminder, none of the Parallel Protocol pools are affected by the Balancer incident 👇