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Parallel Network Profile picture
Parallel Network
@ParallelFi
The first omni-chain L2 that unifies liquidity from any chain into one place. Backed by $30M from @sequoia, @polychain, @foundersfund, and more.
Mar 21, 2023 • 6 tweets • 3 min read
🗒️ 3/20 Platform Update/Spaces Recap

Phased Reopening of Protocol
• Security patch review and testing is completed alongside BlockSec and 12 other top security experts in the space.
• Undergoing security review and testing for Withdrawal Timelock Security enhancement
• Over… twitter.com/i/web/status/1… 🔐 Details on Timelock Security Enhancement:
• We designed this system to have extremely small impact on user experience but still securing the protocol.
• To take money out of the protocol there an initiate and fulfill model with 2 levels limits: Transaction, and Pool Limit… twitter.com/i/web/status/1…
Mar 20, 2023 • 8 tweets • 5 min read
Thank you again to @BlockSecTeam and their exceptional assistance in ensuring the security of the ParaSpace platform. We received the 2,909 $ETH that the @BlockSecTeam recovered and awarded them a 5% bounty.

Key updates you need to know RE our security patch/overhaul 🪡 @BlockSecTeam We have completed the security patch along @BlockSecTeam and 12 other top security experts and auditors brought together by @Secure3io.

Our timelock withdrawal security enhancement is now undergoing security review and testing with the same parties.