Parallel

Capital-efficient, over-collateralized & decentralized stablecoins. Backed by yield-generating correlated assets | $USDp & $sUSDp | Governance Token: $PRL

[Parallel @ParallelMoney]

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.

https://t.co/PW2h0tWy2o

[Parallel @ParallelMoney]

The May 2026 DAO Treasury Report is out, powered by @OctavFi

Total Holdings: $507,016.00
MoM Change: -$169,105.00 (-25.01%)

More details ⤵️

[Parallel @ParallelMoney]

Complete & Previous Reports can be found in our docs: https://t.co/SyGfDPn8W0

[Parallel @ParallelMoney]

21st @cooper_labs Service Provider report is out:

→ Parallel v3.2 second audit completed, sUSDp fix audit underway
→ Transparency Dashboard v2 is live
→ PGP-40 PRL Burn Phase II approved & implemented; PIP-68 & PIP-69 published
→ Started Parallel Bank project

Read the full report ⤵️

[Cooper Labs @cooper_labs]

Here comes our twenty-first @ParallelMoney report, May 2026:
- Parallel v3.2 second audit completed, sUSDp fix audit underway
- Transparency Dashboard v2 is live
- PGP-40 PRL Burn Phase II approved & implemented; PIP-68 & PIP-69 published
- Started Parallel Bank project

[Parallel @ParallelMoney]

Full report: https://t.co/q810f2rNdv

[Parallel @ParallelMoney]

The Thirteenth Fee-Sharing distribution to sPRL holders is now available for claim.

- Distributed Amount: 4,296 PAR ($5,007)
- sPRL holders: 59
- APR: 24% - 60%

To claim ⤵️

[Parallel @ParallelMoney]

https://t.co/Nx5vr4G2AV

[Parallel @ParallelMoney]

sPRL2 v1 staking is now disabled ahead of the sPRL2 v2 launch.

If you're already staked, you keep your voting power & fee sharing and can unstake at any time.

Note: Fee sharing (PAR distributions) is paused for 3 months per PGP-42 (link below) and redirected to PRL buyback and burn.

[Parallel @ParallelMoney]

https://t.co/Nwpk8Rw9gh

[Parallel @ParallelMoney]

New pool live: frxUSD/USDp on @CurveFinance (HyperEVM), in
partnership with @fraxfinance ¤

Current APR: 15% 📈

Incentives live via @merkl_xyz

LP link below 👇

[Parallel @ParallelMoney]

https://t.co/TWpjdCZmbU

[Parallel @ParallelMoney]

@Cosmoon7 @baseapp Good catch, and sorry for the confusion! The app works fine with the Base app; that message is showing up incorrectly. We'll remove it. Thanks for flagging!

[Parallel @ParallelMoney]

Great article from our friends at @HypernativeLabs ⚡️

This is what a real security partnership looks like. Built before you need it, automated when it matters.

Grateful to be working with a team that takes this as seriously as we do, and that it worked as intended.

[HypernativeLabs @HypernativeLabs]

An attacker spent 57 days quietly building a 99% position in @ParallelMoney's savings vault. The exploit transaction hit on May 7. Hypernative's automated pause fired within seconds. By the time the attacker tried again, the contracts were already locked.

$1.52M saved. Zero human response required at the moment of execution.

Here's the full breakdown of what happened and how the defense held.

https://t.co/Vkk5V1wbQy