Parallel Money Announces 6-Month Growth Initiative with Cooper Labs
Parallel Money Announces 6-Month Growth Initiative with Cooper Labs
🤝 Growth Plans Unveiled
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.
We propose a 6-month marketing & growth initiative for @ParallelMoney alongside @cooper_labs 👇
Alongside V3 and USDp launch proposals, @mimo_labs & @cooper_labs are proposing the launch of a 6-month experimental marketing & growth strategy Proposal: gov.parallel.best/t/pgp-29-l-mar…
Proposed Adjustments to USDp Minting Assets on Sonic Network
**Sonic Network USDp Changes Proposed** Adjustments have been proposed for the assets used to mint USDp stablecoin on the Sonic blockchain network. - The proposal affects the underlying collateral mechanisms for USDp minting - Changes could impact how users interact with the stablecoin protocol - This follows previous activity showing USDC gaining traction on Sonic **What This Means:** The proposed modifications suggest ongoing optimization of the USDp protocol's asset backing structure. These adjustments may improve stability, efficiency, or expand collateral options for users. Stay tuned for implementation details and community voting results.
New Multisig Signers Elected for Next 12 Months
The DAO has completed its election process, selecting new multisig signers to serve for the upcoming 12-month period. This represents a **key governance milestone** for the protocol, as multisig signers play a crucial role in: - Managing protocol treasury funds - Executing approved governance proposals - Maintaining operational security The election follows the previous selection process from May 2025, demonstrating the community's commitment to regular governance rotation and decentralized decision-making.
Epoch 6 Fee Distribution Now Live for sPRL Token Holders
**Epoch 6 fees are now available for claiming** by sPRL holders on the Parallel Money protocol. This marks another milestone in the **Tokenomics v2.0 fee distribution system**, which has been operational since earlier this year. - Previous distributions have shown strong performance - Epoch 1 delivered 12,842 PAR tokens to sPRL holders - Historical APRs have ranged from **45% to 114%** sPRL holders can now access their allocated fees from the latest epoch through the protocol interface.
🔄 USDp Avalanche Switches to Native USDC After Stream Finance Incident
**USDp on Avalanche underwent a complete reserve asset replacement** following the xUSD situation and Stream Finance incident. **Key Changes:** - All mevUSDC (reserve asset for USDp) replaced with native USDC - USDp maintains **100% backing** with no user losses - No impact on the stablecoin's operations **Current Status:** - USDp on Avalanche remains fully collateralized - Swift response prevented any negative effects on users - Reserve transition completed successfully The proactive measure demonstrates the protocol's commitment to maintaining stability and user protection during market incidents.
Balancer V2-related Parallel pools confirmed unaffected by recent exploit
**Balancer incident update**: Parallel pools using Balancer V2 infrastructure remain **completely unaffected** by the recent exploit. This confirmation provides reassurance to users of Parallel Money protocol that their funds in these specific pools were never at risk during the security incident. The update reinforces previous communications emphasizing the safety of Parallel-related liquidity pools.