Mimo Labs contributes to the @ParallelMoney protocol & @KumaProtocol.

Joined December 2020
386 Photos and videos
Pinned Tweet
8 Dec 2025
πŸ‡¦πŸ‡ͺ Abu Dhabi week, here we go!! We are heading to four key events in a city that’s quickly becoming a major hub for digital assets: - Abu Dhabi Finance Week - @bitcoinmenaconf - @SolanaConf - Solana Economic Zonz See you there!
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Mimo Labs retweeted
Final update on the rsETH incident: LayerZero has published their full post-mortem, the attack is attributed to DPRK's Lazarus Group, targeting downstream RPC infrastructure. Zero contagion to other applications has been confirmed. USDp and PRL bridging modules are fully reopened on all chains. We have also reduced all indirect exposure to Aave to zero as a precautionary measure, given rsETH's use as collateral on their markets. For clarity, Parallel never had any direct Aave exposure. All operations are back to normal.
Update regarding yesterday's rsETH incident: Following our initial response, we've now completed a comprehensive access control audit across all deployed chains. This includes a full review of role assignments, function permissions, DVN configurations, and setPeer/setDelegate access. All verified and hardened where needed. No funds were ever at risk. These are proactive measures to bring our multichain deployment to a stricter security baseline. On a separate note, we've received confirmation from Frax that their systems are unaffected by yesterday's events. USDp minting using frxUSD and sfrxUSD is now available again.
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Mimo Labs retweeted
Parallel is not impacted by the rsETH bridge exploit. As a precaution, we've taken the following measures: - Paused LayerZero DVN activity for USDp and PRL bridges - Paused frxUSD and sfrxUSD minting on the Parallelizer Module while we await confirmation from the Frax team on their own bridge status Root cause is still under investigation. Early onchain forensics suggest the LayerZero Labs DVN, the sole verifier on Kelp's Unichain β†’ Ethereum bridge (1-of-1 config), may have been compromised. We also use the LayerZero Labs DVN, but our multi-DVNs setup is specifically designed to protect against this scenario: - 2 required DVNs (LayerZero Labs Nethermind) - 1 additional optional DVN (Horizen or Canary) - = 3 independent verifiers must agree on every message Even in a scenario where one DVN is compromised, an attacker still couldn't forge a message through our bridge, the remaining verifiers would independently reject it. On top of that, every Parallel bridge route has hard-coded daily mint limits ($2.5M) and global caps ($10M) per chain, acting as a last line of defense. We also use burn/mint (not lock/unlock), there is no pool of locked tokens to drain. All admin functions, including setPeer are controlled by the 5-of-8 DAO multisig with independent signers, not an EOA. No single party can modify bridge configuration. As an additional precaution, we've paused minting of USDp against frxUSD and sfrxUSD until the Frax team confirms the status of their own LayerZero bridge setup. All measures are precautionary. We'll resume normal operations once root cause is fully understood and we're confident there is no systemic risk.
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Mimo Labs retweeted
That moment when you realize 37.09% of the total $PRL supply has just been burned. πŸ”₯ All unmigrated tokens have been permanently removed from circulation as of April 16, 2026. For $PRL holders, this is a historic day. Over a third of the supply is gone forever. The protocol moves forward. Leaner. Stronger.
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Mimo Labs retweeted
⏳ 3 days left. If you still hold MIMO: migrate now! April 15, 2026: migration ends; unmigrated tokens will be burned (PIP-65). No extensions. Step-by-step guide and migration page below ‡️
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Mimo Labs retweeted
A proposal has been published on the governance forum to initiate the sunset of PAR, the EUR-pegged stablecoin issued by Parallel V2, on Ethereum and Polygon PoS. Read more ↓
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MIMO holders have until April 15, 2026 to migrate to PRL πŸ‘‡
⏳ 5 days left. The last couple of days to migrate MIMO to PRL. Deadline: April 15, 2026. Anything not migrated by then will be burned (PIP-65). This is the final stretch. Step-by-step guide and migration page below ‡️
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Mimo Labs retweeted
2.63% of the total $PRL supply has been burned πŸ”₯ That's 26,371,873.81 PRL permanently removed from circulation. A meaningful milestone for the Parallel Protocol and everyone who holds $PRL The proof is on-chain πŸ‘‡
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Mimo Labs retweeted
19th @cooper_labs Service Provider report is out: β†’ Parallel v3.2 dev started, entering agentic payments (x402 & MPP) β†’ USDp supply hits new ATH at ~3.84M( 10.66% MoM) β†’ New integrations: HypurrFi, Purrlend & Clearstar on HyperEVM β†’ Parallel API V2 & SDK V1 completed Read the full report ‡️
Here comes our nineteenth @ParallelMoney report, March 2026: - Parallel v3.2 dev started, entering agentic payments (x402 & MPP) - USDp supply hits new ATH at ~3.84M( 10.66% MoM) - New integrations: HypurrFi, Purrlend & Clearstar on HyperEVM - Parallel API V2 & SDK V1 completed
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Mimo Labs retweeted
The March 2026 DAO Treasury Report is out, powered by @OctavFi - Total Holdings: $697,368.00 - MoM Change: $16,536.00 ( 2.42%) More details ‡️
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Mimo Labs retweeted
Great breakdown from @andyhyfi πŸ™Œ sUSDp, sitting at the top of the @HypurrFi Yield market with 6.50% APY, is no accident. The alpha is out there for those who look πŸ‘€ Want to put your stables to work on Hyperliquid? Start here πŸ‘‡
Apr 7
How I use @HypurrFi markets to earn APY on Lending: When I Lend in HypurrFi, I select which MARKET I want to lend to. We have 4 major markets: Prime, Yield, Scale, Pooled. I have stablecoins or $HYPE, I want yield on them. On the Lend page I select which market I want to view. If you select Prime, you see what assets are available to Lend and borrow against in Prime. If you select Scale, you see what assets are available to Lend or borrow against in Scale. This is why you will see a lot of options to lend an asset like $USDT 0 if you search for it in the filter. You are not selecting which asset to Lend, you are selecting which market you are lending USDT to. From here, I sort by APY, and exclude Legacy as it's deprecated (withdraw and move to Mewler guys!). In the attached images I've filtered just Yield for an example. You see sUSDP from @ParallelMoney on top. it has their base APY, shows you the supplied TVL, and how much is being borrowed. None is being borrowed because it's not a borrowable asset, it's meant to loop. $USDC on the other hand is earning about 6%. Utilization is about 85%, which means the borrowers are comfy with paying about 6%. If another $5M USDC gets deposited int his market, the rates will drop because utilization drops, but over time the borrowers will slurp that up and utilization will return to about 85-90% with APY up to 6-9%. The other thing this market tells you is what collateral assets are being used to borrow USDC, USDT, USDH. sUSDP is one, LHYPE is another, xHYPE, hwHYPE, kHYPE and more. This is a derivatives-focused market, which is why caps are lower, LTV is lower, and yield tends to be higher. You can click into each asset and view its particular parameters of course and make the decision if you are willing to Lend your stables and HYPE to willing borrowers. HYPE is paying 3.25% today, it was 6% yesterday. You make the call. If you don't want to think about this or sort through all the markets and assets, that's what the Earn vaults curated by @ClearstarLabs are for. Clearstar evaluates risk and how much TVL in each market they should add from the Earn Vaults. They balance between Prime and Yield for now to be relatively conservative while earning a good rate on the stables deposited. This is just for Lending evaluation. We're working on making this more clear in the UI, better signposts and market information. There's a bit of a different flow for borrowers, and I'll walk anyone through the most common UI flows on a call or here in another post sometime soon. Give me Qs, or bring them to our telegram to talk strategy and rates and @eulerfinance and @hyperliquidx Happy lending.
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Don’t forget to claim your PAR πŸ‘‡
The Eleventh Fee-Sharing distribution to sPRL holders is now available for claim. - Distributed Amount: 9,352 PAR ($10,802) - sPRL holders: 58 - APR: 49% - 121% To claim ‡️
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Mimo Labs retweeted
Do NOT interact with HypurrFi domain or click any links for now. Stay safe and wait for an official update from the team before taking any action.
We are investigating a potential domain hijack of the HypurrFi domain. Do not interact with app until further notice from the team. There is no current risk to user funds and our social channels are not compromised.
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Mimo Labs retweeted
Discussion around PGP-39 is still ongoing. A counterproposal has now been published in the proposal's comments. We encourage the community to read through it and continue sharing feedback as the conversation evolves.
A proposal has been published on the governance forum to allocate $500,000 from accrued protocol fees as a one-time retroactive service fee for the @Mimo_Labs Team’s past work. Read more ↓
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Mimo Labs retweeted
The Parallel team is attending @EthCC If you’re around and want to meet, chat, or discuss opportunities to collaborate, send us a DM. See you in Cannes πŸ‡«πŸ‡·
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Mimo Labs retweeted
sUSDp is live on @purrlend Deposit sUSDp as collateral β†’ borrow USDC or USDT0 on HyperEVM Your sUSDp keeps earning its native yield while locked as collateral, and Parallel is adding extra incentives on top for borrowers Powered by @redstone_defi price feeds πŸ‘‰ app.purrlend.io
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Mimo Labs retweeted
PIP-65, which aims to accelerate end of MIMO to PRL migration to April 15th, 2026, is now live on Snapshot. To vote ↓
A proposal has been published on the governance forum to accelerate the end of the MIMO-to-PRL migration to April 15th, 2026, and to burn all PRL that remains unmigrated after that date. Read more ↓
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πŸ”₯πŸ”₯πŸ”₯
Worth highlighting: this is now the #1 pool by volume on @Balancer on HyperEVM. πŸ”₯ Huge thanks to our partners and community for helping make this happen. It's great to see USDp liquidity getting real traction on HyperEVM. @HyperliquidX
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The USDp/USDC @Balancer pool on HyperEVM is giving 20% APR πŸ”₯ LP below πŸ‘‡
USDp/USDC pool is now live on @Balancer on HyperEVM. Current APR: 20% πŸ“ˆ Note: This is a boosted pool, meaning LPs can earn from both swap fees underlying lending market yields. Park idle stables, put them to work, and earn on-chain. LP link below ‡️
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Mimo Labs retweeted
PIP-64, which proposes to sunset the USDp Parallelizer & Savings Modules on Sonic, has been approved by the DAO. In accordance with the vote, Parallel will discontinue the USDp Parallelizer & Savings Modules on Sonic, stop all on-chain incentives, and sunset DIA and RedStone price feeds for USDp and sUSDp, while keeping USDp and its bridging and flashloan modules active on Sonic.
A proposal (PIP-64) has been published on the governance forum to sunset the USDp Parallelizer & Savings Modules on Sonic and wind down related incentives and price feeds. Read more ↓
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Nice watch πŸ‘€
Worth a watch from @HypurrFi @andyhyfi walks through the full strategy step by step, showing how sUSDp can be used as part of a broader yield stack on HyperEVM. Watch the full 9-minute tutorial video and let us know if you have any questions.
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