ParallelParallel Protocol Enters a New Era
Introducing PRL, Tokenomics v2.0 & a Fresh Identity
ParallelHow to Stake PRL?
Parallel’s new staking system introduces two ways to stake your PRL:sPRL1 (single-sided staking)sPRL2 (LP staking)Both mechanisms grant you governance rights and a share of protocol revenues, but with different levels of commitment, returns, and influence. This guide explains how to stake, how unstaking works, and how rewards are distributed under Tokenomics v2.0 (PIP-46).🧭 Why Stake PRL?By staking PRL, you:🗳 Gain voting power for protocol governance (Snapshot)📊 Accumulate a ParaBoost scor...
ParallelHow to Bridge Parallel Tokens?
Parallel Protocol enables seamless multichain interaction thanks to its custom bridge powered by LayerZero. This guide walks you through the process to bridge PRL, paUSD, or PAR between supported chains, whether you’re moving assets for governance, liquidity provision, or utility.🧭 Why Bridge?🌐 Move your PRL, paUSD, or PAR to the chain where you need them⚙ Interact with different DeFi ecosystems using the same Parallel assets🔄 Built on LayerZero’s OFT standard: secure, decentralized, and n...
Support Parallel
ParallelHow to Stake USDp into sUSDp?
Scalable, over-collateralized & decentralized stablecoin protocol. Backed by yield generating correlated assets.
Support Parallel
ParallelHow to Stake USDp into sUSDp?
ParallelParallel Protocol Enters a New Era
Introducing PRL, Tokenomics v2.0 & a Fresh Identity
ParallelHow to Stake PRL?
Parallel’s new staking system introduces two ways to stake your PRL:sPRL1 (single-sided staking)sPRL2 (LP staking)Both mechanisms grant you governance rights and a share of protocol revenues, but with different levels of commitment, returns, and influence. This guide explains how to stake, how unstaking works, and how rewards are distributed under Tokenomics v2.0 (PIP-46).🧭 Why Stake PRL?By staking PRL, you:🗳 Gain voting power for protocol governance (Snapshot)📊 Accumulate a ParaBoost scor...
ParallelHow to Bridge Parallel Tokens?
Parallel Protocol enables seamless multichain interaction thanks to its custom bridge powered by LayerZero. This guide walks you through the process to bridge PRL, paUSD, or PAR between supported chains, whether you’re moving assets for governance, liquidity provision, or utility.🧭 Why Bridge?🌐 Move your PRL, paUSD, or PAR to the chain where you need them⚙ Interact with different DeFi ecosystems using the same Parallel assets🔄 Built on LayerZero’s OFT standard: secure, decentralized, and n...
Share Dialog
Share Dialog
Scalable, over-collateralized & decentralized stablecoin protocol. Backed by yield generating correlated assets.
Subscribe to Parallel
Subscribe to Parallel
Following the DAO’s approval of PIP-51, Parallel has launched USDp, the new USD stablecoin of Parallel V3, along with sUSDp (Savings USDp). The Parallel Savings Module enables Parallel stablecoin holders to earn a native yield based on the returns generated by the protocol on its assets backing the stablecoin.
sUSDp is designed as a low-risk savings layer for the Parallel ecosystem. Instead of relying on external strategies, yield comes directly from the revenues generated by the USDp codebase, namely:
Parallelizer module
Bridging module
Flashloan module
Staking USDp into sUSDp is the simplest way to access sustainable, protocol-native yield, secured by the same architecture that underpins USDp itself.
Go to: app.parallel.best/earn
Connect your wallet
In the “Earn” section, click “Deposit”
Choose a chain
Enter the amount of USDp you want to stake
Confirm the transaction in your wallet
Once confirmed, you’ll receive sUSDp, which will automatically grow in value over time as protocol fees are distributed.
There are no staking fees, and sUSDp remains fully liquid. You can use it as collateral or move it freely across DeFi.
Go to: app.parallel.best/earn
Connect your wallet
In the “Earn” section, click “Withdraw”
Choose a chain
Enter the amount to unstake
Confirm the transaction in your wallet
You will receive your USDp back. Since sUSDp increases in value over time, the amount of USDp received will reflect the accrued yield.
The yield rate for sUSDp is updated by keepers, currently set as Cooper Labs and Mimo Labs, based on actual revenues collected by the protocol.
This ensures that sUSDp’s return always reflects real protocol activity and remains sustainable over time.
You can stake USDp directly through the dApp here:
app.parallel.best/earn
sUSDp brings a native savings primitive to Parallel: simple, transparent, and DAO-governed. By staking USDp, users access stable on-chain yield without additional risk layers, making sUSDp the base layer of Parallel V3’s savings ecosystem.
Following the DAO’s approval of PIP-51, Parallel has launched USDp, the new USD stablecoin of Parallel V3, along with sUSDp (Savings USDp). The Parallel Savings Module enables Parallel stablecoin holders to earn a native yield based on the returns generated by the protocol on its assets backing the stablecoin.
sUSDp is designed as a low-risk savings layer for the Parallel ecosystem. Instead of relying on external strategies, yield comes directly from the revenues generated by the USDp codebase, namely:
Parallelizer module
Bridging module
Flashloan module
Staking USDp into sUSDp is the simplest way to access sustainable, protocol-native yield, secured by the same architecture that underpins USDp itself.
Go to: app.parallel.best/earn
Connect your wallet
In the “Earn” section, click “Deposit”
Choose a chain
Enter the amount of USDp you want to stake
Confirm the transaction in your wallet
Once confirmed, you’ll receive sUSDp, which will automatically grow in value over time as protocol fees are distributed.
There are no staking fees, and sUSDp remains fully liquid. You can use it as collateral or move it freely across DeFi.
Go to: app.parallel.best/earn
Connect your wallet
In the “Earn” section, click “Withdraw”
Choose a chain
Enter the amount to unstake
Confirm the transaction in your wallet
You will receive your USDp back. Since sUSDp increases in value over time, the amount of USDp received will reflect the accrued yield.
The yield rate for sUSDp is updated by keepers, currently set as Cooper Labs and Mimo Labs, based on actual revenues collected by the protocol.
This ensures that sUSDp’s return always reflects real protocol activity and remains sustainable over time.
You can stake USDp directly through the dApp here:
app.parallel.best/earn
sUSDp brings a native savings primitive to Parallel: simple, transparent, and DAO-governed. By staking USDp, users access stable on-chain yield without additional risk layers, making sUSDp the base layer of Parallel V3’s savings ecosystem.
<100 subscribers
<100 subscribers
No activity yet