Parallel Protocol
@ParallelMoney
Capital-efficient, over-collateralized & decentralized stablecoins. Backed by yield-generating correlated assets | $USDp & $sUSDp | Governance Token: $PRL
Was dir gefallen könnte
We’re proud to announce that Parallel V3 is live, starting with USDp! What’s new? A lot! - A modular architecture for stablecoins issuance - Depeg protection - Native saving assets - Crosschain by design - and more. blog.parallel.best/parallel-v3-is…
📈 Milestone achieved! USDp has hit over $1M in daily trading volume for two consecutive days, marking a new record! And this is just the beginning... more integrations, more chains, more yield ahead!
Some assets backing USDp slightly depegged during market flash crash, including USDe, sUSDe, frxUSD & sfrxUSD. However thanks to depeg protection USDp didn't depeg and continued to operate as expected during the entire market crash. This was Parallel V3's first stress test,…
We’ve partnered with @OctavFi to generate automated DAO Treasury Reports monthly. We have now also integrated their API to price user positions across the dApp. Big thanks to the Octav Team for a smooth partnership! 🤝
Big thanks to the @bailsecurity team for their work and partnership! 🙌 We chose to work with Bailsec due to their expertise and rigorous standards to audit the Parallel Protocol V3 Core. 📄 Dive into the full audit report here: github.com/bailsec/BailSe…
New bug bounty! 🤩 @ParallelMoney is a capital-efficient, modular stablecoins protocol that allows the creation of over-collateralized, decentralized stablecoins. Find bugs - get $250,000! immunefi.com/bug-bounty/par…
13th @cooper_labs service provider report is out: → Launched Parallel V3 & USDp on 16 chains → App mobile version currently in the internal testing phase, expected to go live this month → Ads expected to go live this month - More details about the growth strategy
Here comes our thirteenth @ParallelMoney report, September 2025: - Launched Parallel V3 & USDp on 16 chains - App mobile version currently in internal testing phase, expected to go live this month - Ads expected to go live this month - More details about the growth strategy
sUSDp yield just hit 12% APR! Stake your USDp to earn real and sustainable yield. The best part? It's available on Ethereum, Base, Sonic, HyperEVM, and Avalanche. Stake now: app.parallel.best/earn Get USDp here: app.parallel.best/mint
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