Cooper Labs

Parallel doesn't run on Railway and isn't affected. A quick reminder of how we keep Parallel secure: • Our frontend is hosted on Vercel and holds no keys that can move user funds • USDp lives in on-chain contracts governed by 5/8 DAO multisigs • Keepers are DAO-whitelisted, and the sUSDp rate is capped at 35% • Hypernative monitors every V3 deployment and can pause the protocol automatically • x402 payments settle straight to the merchant's wallet • Our apps are updated with every release that patches a potential vulnerability User funds are safe. Full security setup in our docs 👇

September 2026 DAO Treasury Report is out, powered by @OctavFi Total Holdings: $307,002 MoM Change: -$128,557 (-29.51%) Note: The decrease is primarily due to the execution of PGP-45, which required 127,800.00 USD to buy back and burn 100M PRL tokens. More details ⤵️

A proposal has been published on the governance forum to elect 8 signers to manage the DAO multisigs for the next 12 months, covering proposal execution, treasury, and insurance fund management. Applications are open on the forum until November 9. Read more ↓

7.50% APY on sUSDp 📈 Deposit USDp, earn variable yield paid in USDp. Withdraw whenever you want. No fees, no lockup. Start earning ↓

A proposal has been published on the governance forum to reduce USDp from 24 chains to 14, concentrating security, monitoring, and development where USDp is actually used. Read more ↓

Fee sharing is back. After a few months on pause, sPRL holders are earning a share of protocol fees again. USDp Fee Sharing Distribution - Epoch 16 is ready to claim: - Distributed Amount: 6,507 USDp ($6,507) - sPRL holders: 55 - APR: 24 - 60% To claim ⤵️

25th @cooper_labs Service Provider report is out: → PIP-70 approved: From DeFi incentives to owned compute → 9 Mac Studios ordered, first batch due in January → Own inference network in the works → Parallel MCP server and CLI live → 100M PRL bought OTC and burned

Half of the PRL supply is now burned 🔥 Following the buyback and burn of 100M PRL from @Mimo_Labs, over 500M PRL are gone for good! Verify it on-chain ⬇️

There is a point where you stop building things and quietly become someone who follows the people who do. You read the threads. You star the repos. You call it keeping up. Keeping up is not building. The starter takes four minutes.

PGP-44, which proposes renewing the Parallel bug bounty program, managed by Immunefi, for an additional 24 months, has been approved by the DAO. In accordance with the vote, the @immunefi bug bounty program continues uninterrupted through 2027, with all existing parameters unchanged, including the $250,000 maximum reward for critical impacts.

What you need: Bun, which is a JavaScript runtime, and a wallet with a few cents of USDC on Base. That is the whole requirements list. One variable to set. No ETH for gas, no account, no API key. Every demo route costs about a hundredth of a cent.

24th @cooper_labs Service Provider report is out: → Additional audit ongoing (PGP-43) → sUSDp redeployed, legacy contract deprecated → Parallel x402 is live → PGP-44 and PGP-45 live on Snapshot → Incentives to be stopped, budget to owned AI compute (PIP-70)

A proposal has been published on the governance forum to acquire 100,000,000 PRL from Mimo Labs via an OTC swap funded by the DAO Treasury, and to burn the full amount immediately upon settlement. Read more ↓

Two years ago I had a folder called agents, for the things I didn't like doing. I never built it. No time, no resources. Parallel has it down to 50 lines and one variable. When it is this easy, the only thing in the way is you.

Parallel x402 is live. Your agent calls an API, gets a 402 back with an invoice, signs the payment, retries, and gets the data. No account, no API key, no gas, because Parallel sponsors it. The demo routes cost 0.0001, about a hundredth of a cent. Take the first step. Link below.