PAR Protocol Updates DVN Configuration and Launches New Era
PAR Protocol Updates DVN Configuration and Launches New Era
馃攧 PAR's Double Evolution Plot
The Parallel Protocol is implementing significant infrastructure updates and rebranding initiatives:
DVN Configuration Update: The PAR bridging module will receive an enhanced Decentralized Validator Network setup, strengthening cross-chain operations
Protocol Evolution:
- Introduction of new governance token
- Implementation of revised tokenomics model
- Launch of refreshed visual identity
These changes mark a strategic evolution in the protocol's architecture and governance structure. The DVN update specifically targets improved reliability in cross-chain transactions.
The PAR bridging module will transition to an updated DVNs configuration, reinforcing the reliability of cross-chain execution within the protocol鈥檚 architecture 馃憞
PIP-48, proposing an update of the PAR Bridging Module DVNs Configuration, has been approved by the DAO PAR Bridging Module DVNs Configuration will be updated in accordance with the new configuration approved by the DAO
Parallel Money Proposes Insurance Fund Strategy Update
Parallel Money has put forward a proposal to update their Insurance Fund Strategy. This follows a recent proposal from Immunefi on Parallel Money's governance forum earlier this month. The Insurance Fund plays a crucial role in protocol security and risk management. Community members can now review and provide feedback on the proposed changes. Key points: - Insurance Fund Strategy modifications proposed - Follows recent Immunefi governance proposal - Open for community feedback and discussion *Stakeholders are encouraged to review the proposal details on the governance forum and participate in the discussion.*
Parallel Money Announces 6-Month Growth Initiative with Cooper Labs
Parallel Money has partnered with Cooper Labs for a strategic 6-month marketing and growth initiative. This collaboration follows Cooper Labs' recent report highlighting several key developments: - MIMO Token Upgrade implementation - New tokenomics framework - Security audits in progress - Frontend user experience improvements The partnership aims to accelerate adoption and expand market presence through targeted growth strategies.
Cooper Labs Initiates Key Milestones for V3 Launch
Cooper Labs has set significant developments in motion with major proposals now live. The initiatives include: - Potential V3 launch pending proposal approval - 6-month marketing and growth campaign for Parallel Money - Strategic partnership with Cooper Labs Marketing efforts have already begun to support these developments. The proposals represent a crucial step forward in the protocol's evolution.
Parallel Money DAO Proposes Treasury Operations Platform Integration
Parallel Money DAO is proposing to integrate Definitive's non-custodial trading platform for treasury operations management. The platform offers institutional-grade execution across multiple chains with advanced order types and aggregated liquidity from 100+ DEXs. Key proposal points: - Creation of two trading vaults (Treasury Ops & Insurance Fund) - Role-based access control system - Streamlined token swap process This move aims to address current challenges in cross-timezone token swap coordination among signers.