From 231e660b1ead2df326f45bb1bce1fc27b33ce6d2 Mon Sep 17 00:00:00 2001
From: Noah Boisserie <51783223+JeanBrasse@users.noreply.github.com>
Date: Mon, 5 Oct 2026 02:36:47 +0400
Subject: [PATCH 1/3] docs: USDC on the Base Parallelizer

The Base Parallelizer accepts USDC, added by PIP-69, but the docs listed only USDS and sUSDS there. USDC on Base is added to the fees table, the implementation page, the mint guide and the proof-of-solvency page, with the values read on-chain: 0.00% mint fee, 0.00% burn fee, 0% to 100% exposure, 1,500,000 mint cap, Chainlink USDC/USD with an 86,400 s stale period.

Co-Authored-By: Claude Opus 5.5 <noreply@anthropic.com>
---
 src/pages/products/parallel-v3/fees.mdx                  | 1 +
 .../usdp-and-susdp/implementation.mdx                    | 9 +++++++++
 src/pages/resources/user-guides/mint-usdp.mdx            | 1 +
 src/pages/security/proof-of-solvency.mdx                 | 4 ++--
 4 files changed, 13 insertions(+), 2 deletions(-)

diff --git a/src/pages/products/parallel-v3/fees.mdx b/src/pages/products/parallel-v3/fees.mdx
index 942f2d4..925f5bb 100644
--- a/src/pages/products/parallel-v3/fees.mdx
+++ b/src/pages/products/parallel-v3/fees.mdx
@@ -48,6 +48,7 @@ These are the DAO-approved parameters on the four chains where the Parallelizer
 | Ethereum | USDe | 0.00% | 0.00% | 0.00% | 100.00% | 100,000,000 |
 | Ethereum | sUSDe | 0.00% | 0.10% | 20.00% | 95.00% | 100,000,000 |
 | Base | USDS | 0.00% | 0.00% | 0.00% | 100.00% | 100,000,000 |
+| Base | USDC | 0.00% | 0.00% | 0.00% | 100.00% | 1,500,000 |
 | Base | sUSDS | 0.00% | 0.10% | 20.00% | 95.00% | 100,000,000 |
 | HyperEVM | USDe | 0.00% | 0.00% | 0.00% | 100.00% | 100,000,000 |
 | HyperEVM | sUSDe | 0.00% | 0.10% | 20.00% | 95.00% | 100,000,000 |
diff --git a/src/pages/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp/implementation.mdx b/src/pages/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp/implementation.mdx
index 95d1e76..6e3f5fe 100644
--- a/src/pages/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp/implementation.mdx
+++ b/src/pages/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp/implementation.mdx
@@ -59,6 +59,15 @@ The Parallelizer Module is deployed on 4 chains with these parameters:
     * Mint Fee: 0.00%
     * Burn Fee: 0.00%
     * Mint Cap: 100,000,000.00
+  * **USDC:**
+    * Price Feed: [Chainlink USDC/USD](https://basescan.org/address/0x7e860098F58bBFC8648a4311b374B1D669a2bc6B#code)
+    * Minimum Exposure: 0.00%
+    * Maximum Exposure: 100.00%
+    * Whitelisted: No
+    * Stale Period: 86,400 seconds
+    * Mint Fee: 0.00%
+    * Burn Fee: 0.00%
+    * Mint Cap: 1,500,000.00
   * **sUSDS:**
     * Price Feed: [sUSDS/USDS Exchange Rate](https://basescan.org/address/0x906B24a339b848369B24Dc9Ed368b947fB9693bf#code) + [Chainlink USDS/USD](https://basescan.org/address/0x2330aaE3bca5F05169d5f4597964D44522F62930#code) ([MorphoChainlinkOracleV2](https://basescan.org/address/0x965018CbDdC4683EfA22998C324C399D7C7B0E51#code))
     * Minimum Exposure: 20.00%
diff --git a/src/pages/resources/user-guides/mint-usdp.mdx b/src/pages/resources/user-guides/mint-usdp.mdx
index a24041b..013cb1f 100644
--- a/src/pages/resources/user-guides/mint-usdp.mdx
+++ b/src/pages/resources/user-guides/mint-usdp.mdx
@@ -51,6 +51,7 @@ Each collateral has its own oracle, exposure window and fees. The table below re
 | Ethereum | USDe | 0.00% | 0.00% | 100.00% |
 | Ethereum | sUSDe | 0.00% | 0.10% | 95.00% |
 | Base | USDS | 0.00% | 0.00% | 100.00% |
+| Base | USDC | 0.00% | 0.00% | 100.00% |
 | Base | sUSDS | 0.00% | 0.10% | 95.00% |
 | HyperEVM | USDe | 0.00% | 0.00% | 100.00% |
 | HyperEVM | sUSDe | 0.00% | 0.10% | 95.00% |
diff --git a/src/pages/security/proof-of-solvency.mdx b/src/pages/security/proof-of-solvency.mdx
index 1b4f922..bb129c0 100644
--- a/src/pages/security/proof-of-solvency.mdx
+++ b/src/pages/security/proof-of-solvency.mdx
@@ -56,7 +56,7 @@ The collateral ratio is the USD value of everything held by the Parallelizer con
 1. **Open the dashboard.** Go to [app.parallel.best/transparency](https://app.parallel.best/transparency). It shows the total backing, the USDp supply, the resulting collateral ratio and the composition of the basket per chain.
 2. **Read the reserves on-chain.** For each `ParallelizerUSDp` contract in the table above, open its explorer page and look at its token holdings. The tokens to read are the assets accepted on that chain:
    - Ethereum: frxUSD, sfrxUSD, USDe, sUSDe
-   - Base: USDS, sUSDS
+   - Base: USDS, USDC, sUSDS
    - HyperEVM: USDe, sUSDe
    - Avalanche: USDC, ygamiUSDC
 3. **Value them.** Base stablecoins are valued at their Chainlink or Redstone USD feed. Yield-bearing assets are valued at their vault exchange rate multiplied by the underlying's USD feed. The exact feed for each asset is linked on the [implementation page](/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp/implementation).
@@ -78,7 +78,7 @@ USDp is backed by a basket of USD stablecoins, some of them yield-bearing. The D
 | Chain | Base stablecoins (0% to 100% exposure) | Yield-bearing assets (20% to 95% exposure) | Price feeds |
 | ----- | -------------------------------------- | ------------------------------------------ | ----------- |
 | Ethereum | frxUSD, USDe | sfrxUSD, sUSDe | Chainlink USD feeds; sfrxUSD through its exchange rate and Chainlink frxUSD/USD |
-| Base | USDS | sUSDS | Chainlink USDS/USD; sUSDS through its exchange rate and Chainlink |
+| Base | USDS, USDC | sUSDS | Chainlink USDS/USD and USDC/USD; sUSDS through its exchange rate and Chainlink |
 | HyperEVM | USDe | sUSDe | Redstone USDe/USD and sUSDe/USD |
 | Avalanche | USDC | ygamiUSDC (Silo vault wrapped as a Yearn vault) | Chainlink USDC/USD; ygamiUSDC through its vault share exchange rate and Chainlink |
 

From 5ca2139c92d2125049cfd4009da7c1409f123306 Mon Sep 17 00:00:00 2001
From: Noah Boisserie <51783223+JeanBrasse@users.noreply.github.com>
Date: Mon, 5 Oct 2026 02:48:30 +0400
Subject: [PATCH 2/3] docs: Parallelizer parameters per PIP-69

Mint caps, exposure bands and mint status on Ethereum, Base, Avalanche
and HyperEVM, as set by PIP-69 and read on-chain in October 2026:
- mint caps of 500,000 to 3,500,000 USDp per asset, instead of
  100,000,000 everywhere;
- yield-bearing assets at 40% to 100% exposure, instead of 20% to 95%;
- USDe and sUSDe on Ethereum being retired: minting closed, burns open,
  sUSDe keeping its earlier 20% to 95% band until then;
- minting with ygamiUSDC on Avalanche paused.

Pages: fees, USDp implementation, the mint guide, proof of solvency and
risks.

Co-Authored-By: Claude Opus 5.5 <noreply@anthropic.com>
---
 src/pages/products/parallel-v3/fees.mdx       | 30 +++++++-------
 .../usdp-and-susdp/implementation.mdx         | 41 ++++++++++---------
 src/pages/resources/user-guides/mint-usdp.mdx | 40 +++++++++---------
 src/pages/security/proof-of-solvency.mdx      |  8 ++--
 src/pages/security/risks.mdx                  |  2 +-
 5 files changed, 64 insertions(+), 57 deletions(-)

diff --git a/src/pages/products/parallel-v3/fees.mdx b/src/pages/products/parallel-v3/fees.mdx
index 925f5bb..0a5f1a0 100644
--- a/src/pages/products/parallel-v3/fees.mdx
+++ b/src/pages/products/parallel-v3/fees.mdx
@@ -14,7 +14,7 @@ Parallel charges very little today, but none of its fees are hard-coded. Mint an
 
 | Operation | Fee today | Notes | Where it goes |
 | --- | --- | --- | --- |
-| Mint USDp | 0.00% on every accepted asset | Adaptive: depends on the asset's exposure after the mint and on its deviation from target price. Can rise, or go negative as an incentive. | Fee collector, split 90% sUSDp / 10% DAO Treasury |
+| Mint USDp | 0.00% on every asset open for minting | Adaptive: depends on the asset's exposure after the mint and on its deviation from target price. Can rise, or go negative as an incentive. | Fee collector, split 90% sUSDp / 10% DAO Treasury |
 | Burn USDp | 0.00% on base stablecoins, 0.10% on yield-bearing assets | Same adaptive mechanism. Burns are paused while any backing asset deviates too far from its target price. | Fee collector, split 90% sUSDp / 10% DAO Treasury |
 | Redeem USDp | No fixed fee, dynamic penalty | A proportional share of every backing asset. Fair value at or above a 100% collateral ratio, less below it. | The shortfall stays in the backing and re-collateralises the protocol |
 | Bridge USDp | 0.00% protocol fee | You pay the LayerZero native gas fee on the source chain. Delivery takes around 10 minutes. | The LayerZero network (verifiers and executors), not Parallel |
@@ -39,23 +39,25 @@ The 0.00% mint fee you see today is a DAO parameter, not a property of the proto
 
 ### Current parameters per asset
 
-These are the DAO-approved parameters on the four chains where the Parallelizer Module runs. Mint caps are per asset. The full list, including price feeds and stale periods, is on the [implementation page](/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp/implementation).
+These are the parameters on the four chains where the Parallelizer Module runs, as set by [PIP-69](https://gov.parallel.best/t/pip-69-usdp-parallelizer-bridging-modules-parameters-updates/541) (May 2026) and read on-chain in October 2026. Mint caps are per asset, in USDp minted against it. The full list, including price feeds and stale periods, is on the [implementation page](/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp/implementation).
 
 | Chain | Asset | Mint fee | Burn fee | Min exposure | Max exposure | Mint cap |
 | --- | --- | --- | --- | --- | --- | --- |
-| Ethereum | frxUSD | 0.00% | 0.00% | 0.00% | 100.00% | 100,000,000 |
-| Ethereum | sfrxUSD | 0.00% | 0.10% | 20.00% | 95.00% | 100,000,000 |
-| Ethereum | USDe | 0.00% | 0.00% | 0.00% | 100.00% | 100,000,000 |
-| Ethereum | sUSDe | 0.00% | 0.10% | 20.00% | 95.00% | 100,000,000 |
-| Base | USDS | 0.00% | 0.00% | 0.00% | 100.00% | 100,000,000 |
+| Ethereum | frxUSD | 0.00% | 0.00% | 0.00% | 100.00% | 1,500,000 |
+| Ethereum | sfrxUSD | 0.00% | 0.10% | 40.00% | 100.00% | 3,500,000 |
+| Ethereum | USDe | Closed (being retired) | 0.00% | 0.00% | 100.00% | 1,500,000 |
+| Ethereum | sUSDe | Closed (being retired) | 0.10% | 20.00% | 95.00% | 3,500,000 |
+| Base | USDS | 0.00% | 0.00% | 0.00% | 100.00% | 1,500,000 |
 | Base | USDC | 0.00% | 0.00% | 0.00% | 100.00% | 1,500,000 |
-| Base | sUSDS | 0.00% | 0.10% | 20.00% | 95.00% | 100,000,000 |
-| HyperEVM | USDe | 0.00% | 0.00% | 0.00% | 100.00% | 100,000,000 |
-| HyperEVM | sUSDe | 0.00% | 0.10% | 20.00% | 95.00% | 100,000,000 |
-| Avalanche | USDC | 0.00% | 0.00% | 0.00% | 100.00% | 100,000,000 |
-| Avalanche | ygamiUSDC (Silo vault, wrapped as a Yearn vault) | 0.00% | 0.10% | 20.00% | 95.00% | 100,000,000 |
+| Base | sUSDS | 0.00% | 0.10% | 40.00% | 100.00% | 3,500,000 |
+| HyperEVM | USDe | 0.00% | 0.00% | 0.00% | 100.00% | 500,000 |
+| HyperEVM | sUSDe | 0.00% | 0.10% | 40.00% | 100.00% | 1,000,000 |
+| Avalanche | USDC | 0.00% | 0.00% | 0.00% | 100.00% | 1,500,000 |
+| Avalanche | ygamiUSDC (Silo vault, wrapped as a Yearn vault) | Paused | 0.10% | 40.00% | 100.00% | 3,500,000 |
 
-The pattern is deliberate: base stablecoins (frxUSD, USDe, USDS, USDC) can be burnt for free, while the yield-bearing assets (sfrxUSD, sUSDe, sUSDS, ygamiUSDC) that generate the protocol's income carry a small 0.10% burn fee and must stay between 20% and 95% of the backing.
+The pattern is deliberate: base stablecoins (frxUSD, USDe, USDS, USDC) can be burnt for free, while the yield-bearing assets (sfrxUSD, sUSDe, sUSDS, ygamiUSDC) that generate the protocol's income carry a small 0.10% burn fee. A burn that would take a yield-bearing asset below 40% of its chain's backing pays up to 99.90%, which keeps those assets at 40% or more; there is no maximum exposure other than the mint cap.
+
+Under PIP-69, USDe and sUSDe are being retired from the Ethereum backing: minting with them is closed, burning into them stays open until that backing reaches zero, and they are then removed. sUSDe on Ethereum keeps its earlier 20% to 95% band in the meantime. Minting with ygamiUSDC on Avalanche is currently paused; burns into it stay open.
 
 ## Redeeming
 
@@ -126,7 +128,7 @@ Fee parameters were set per collateral type by governance. These fees no longer
 <FAQ items={[
   {
     question: "Is minting USDp free?",
-    answer: "Under the current DAO parameters the mint fee is 0.00% on every accepted asset, so you only pay gas. The fee is adaptive, not fixed: it rises when an asset is above its maximum exposure in the backing and can even turn negative to reward you for bringing in an asset the backing is short of. Check the quote in the app before you confirm."
+    answer: "Under the current DAO parameters the mint fee is 0.00% on every asset open for minting, so you only pay gas. The fee is adaptive, not fixed: it rises when an asset is above its maximum exposure in the backing and can even turn negative to reward you for bringing in an asset the backing is short of. Check the quote in the app before you confirm."
   },
   {
     question: "Why did my redeem return less than $1 per USDp?",
diff --git a/src/pages/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp/implementation.mdx b/src/pages/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp/implementation.mdx
index 6e3f5fe..24d8f69 100644
--- a/src/pages/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp/implementation.mdx
+++ b/src/pages/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp/implementation.mdx
@@ -10,7 +10,7 @@ subtitle: Detailing current USDp production implementation
 
 The Parallelizer Module, which is going to serve as the main minting module, is deployed on what we believe to be the main drivers for growth for the protocol. Tokens allowed in the backing of USDp have been carefully reviewed for their stability, robustness, sustainable yield generation and business development potential. Allowed assets and their parameters can be updated at any time by the DAO.
 
-The Parallelizer Module is deployed on 4 chains with these parameters:
+The Parallelizer Module is deployed on 4 chains with these parameters, as set by [PIP-69](https://gov.parallel.best/t/pip-69-usdp-parallelizer-bridging-modules-parameters-updates/541) (May 2026) and read on-chain in October 2026. Mint caps are in USDp minted against the asset:
 
 * **Ethereum:**
   * **frxUSD:**
@@ -21,17 +21,18 @@ The Parallelizer Module is deployed on 4 chains with these parameters:
     * Stale Period: 86,400 seconds
     * Mint Fee: 0.00%
     * Burn Fee: 0.00%
-    * Mint Cap: 100,000,000.00
+    * Mint Cap: 1,500,000.00
   * **sfrxUSD:**
     * Price Feed: [sfrxUSD/frxUSD Exchange Rate](https://etherscan.io/address/0xcf62F905562626CfcDD2261162a51fd02Fc9c5b6#code) + [Chainlink frxUSD/USD](https://etherscan.io/address/0x9B4a96210bc8D9D55b1908B465D8B0de68B7fF83#code) ([MorphoChainlinkOracleV2](https://etherscan.io/address/0x0cB7dEe76aA916A3666F50b044f16051C325B3E2#code))
-    * Minimum Exposure: 20.00%
-    * Maximum Exposure: 95.00%
+    * Minimum Exposure: 40.00%
+    * Maximum Exposure: 100.00%
     * Whitelisted: No
     * Stale Period: 86,400 seconds
     * Mint Fee: 0.00%
     * Burn Fee: 0.10%
-    * Mint Cap: 100,000,000.00
+    * Mint Cap: 3,500,000.00
   * **USDe:**
+    * Status: being retired under PIP-69. Minting is closed; burns stay open until no USDp is backed by USDe, then it is removed
     * Price Feed: [Chainlink USDe/USD](https://etherscan.io/address/0xa569d910839Ae8865Da8F8e70FfFb0cBA869F961#code)
     * Minimum Exposure: 0.00%
     * Maximum Exposure: 100.00%
@@ -39,8 +40,9 @@ The Parallelizer Module is deployed on 4 chains with these parameters:
     * Stale Period: 86,400 seconds
     * Mint Fee: 0.00%
     * Burn Fee: 0.00%
-    * Mint Cap: 100,000,000.00
+    * Mint Cap: 1,500,000.00
   * **sUSDe:**
+    * Status: being retired under PIP-69. Minting is closed; burns stay open until no USDp is backed by sUSDe, then it is removed. Until then it keeps its earlier exposure band
     * Price Feed: [Chainlink sUSDe/USD](https://etherscan.io/address/0xFF3BC18cCBd5999CE63E788A1c250a88626aD099#code)
     * Minimum Exposure: 20.00%
     * Maximum Exposure: 95.00%
@@ -48,7 +50,7 @@ The Parallelizer Module is deployed on 4 chains with these parameters:
     * Stale Period: 86,400 seconds
     * Mint Fee: 0.00%
     * Burn Fee: 0.10%
-    * Mint Cap: 100,000,000.00
+    * Mint Cap: 3,500,000.00
 * **Base:**
   * **USDS:**
     * Price Feed: [Chainlink USDS/USD](https://basescan.org/address/0x2330aaE3bca5F05169d5f4597964D44522F62930#code)
@@ -58,7 +60,7 @@ The Parallelizer Module is deployed on 4 chains with these parameters:
     * Stale Period: 86,400 seconds
     * Mint Fee: 0.00%
     * Burn Fee: 0.00%
-    * Mint Cap: 100,000,000.00
+    * Mint Cap: 1,500,000.00
   * **USDC:**
     * Price Feed: [Chainlink USDC/USD](https://basescan.org/address/0x7e860098F58bBFC8648a4311b374B1D669a2bc6B#code)
     * Minimum Exposure: 0.00%
@@ -70,13 +72,13 @@ The Parallelizer Module is deployed on 4 chains with these parameters:
     * Mint Cap: 1,500,000.00
   * **sUSDS:**
     * Price Feed: [sUSDS/USDS Exchange Rate](https://basescan.org/address/0x906B24a339b848369B24Dc9Ed368b947fB9693bf#code) + [Chainlink USDS/USD](https://basescan.org/address/0x2330aaE3bca5F05169d5f4597964D44522F62930#code) ([MorphoChainlinkOracleV2](https://basescan.org/address/0x965018CbDdC4683EfA22998C324C399D7C7B0E51#code))
-    * Minimum Exposure: 20.00%
-    * Maximum Exposure: 95.00%
+    * Minimum Exposure: 40.00%
+    * Maximum Exposure: 100.00%
     * Whitelisted: No
     * Stale Period: 86,400 seconds
     * Mint Fee: 0.00%
     * Burn Fee: 0.10%
-    * Mint Cap: 100,000,000.00
+    * Mint Cap: 3,500,000.00
 * **HyperEVM:**
   * **USDe:**
     * Price Feed: [Redstone USDe/USD](https://hyperevmscan.io/address/0xca727511c9d542aab9ef406d24e5bbbe4567c22d#code)
@@ -86,16 +88,16 @@ The Parallelizer Module is deployed on 4 chains with these parameters:
     * Stale Period: 86,400 seconds
     * Mint Fee: 0.00%
     * Burn Fee: 0.00%
-    * Mint Cap: 100,000,000.00
+    * Mint Cap: 500,000.00
   * **sUSDe:**
     * Price Feed: [Redstone sUSDe/USD](https://hyperevmscan.io/address/0xFf8D73F413F0093A14190A987883B5101D7855Dd#code)
-    * Minimum Exposure: 20.00%
-    * Maximum Exposure: 95.00%
+    * Minimum Exposure: 40.00%
+    * Maximum Exposure: 100.00%
     * Whitelisted: No
     * Stale Period: 86,400 seconds
     * Mint Fee: 0.00%
     * Burn Fee: 0.10%
-    * Mint Cap: 100,000,000.00
+    * Mint Cap: 1,000,000.00
 * **Avalanche:**
   * **USDC:**
     * Price Feed: [Chainlink USDC/USD](https://snowscan.xyz/address/0xF096872672F44D6EBA71458D74Fe67F9A77A23B9#code)
@@ -105,16 +107,17 @@ The Parallelizer Module is deployed on 4 chains with these parameters:
     * Stale Period: 86,400 seconds
     * Mint Fee: 0.00%
     * Burn Fee: 0.00%
-    * Mint Cap: 100,000,000.00
+    * Mint Cap: 1,500,000.00
   * **ygamiUSDC Silo Vault: (wrapped as a Yearn Vault)**
+    * Status: minting is currently paused; burns stay open
     * Price Feed: [Vault Share Exchange Rate](https://snowscan.xyz/address/0x9fD32FD5e32C6B95483d36C5E724C5C5250Ce010#code) + [Chainlink USDC/USD](https://snowscan.xyz/address/0xF096872672F44D6EBA71458D74Fe67F9A77A23B9#code) ([MorphoChainlinkOracleV2](https://snowscan.xyz/address/0x338Dab2A67193C1E8E53506Ae34552B588DB2A44#code))
-    * Minimum Exposure: 20.00%
-    * Maximum Exposure: 95.00%
+    * Minimum Exposure: 40.00%
+    * Maximum Exposure: 100.00%
     * Whitelisted: No
     * Stale Period: 86,400 seconds
     * Mint Fee: 0.00%
     * Burn Fee: 0.10%
-    * Mint Cap: 100,000,000.00
+    * Mint Cap: 3,500,000.00
 
 ## Savings Module
 
diff --git a/src/pages/resources/user-guides/mint-usdp.mdx b/src/pages/resources/user-guides/mint-usdp.mdx
index 013cb1f..4176ccc 100644
--- a/src/pages/resources/user-guides/mint-usdp.mdx
+++ b/src/pages/resources/user-guides/mint-usdp.mdx
@@ -44,25 +44,27 @@ USDp itself is deployed on 24 chains. If you hold USDp on a chain without a Para
 
 Each collateral has its own oracle, exposure window and fees. The table below reflects the parameters documented on the [implementation page](/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp/implementation). Check that page or the app for the latest values.
 
-| Chain | Collateral | Mint fee | Burn fee | Max exposure |
-| --------- | ----------------------- | -------- | -------- | ------------ |
-| Ethereum | frxUSD | 0.00% | 0.00% | 100.00% |
-| Ethereum | sfrxUSD | 0.00% | 0.10% | 95.00% |
-| Ethereum | USDe | 0.00% | 0.00% | 100.00% |
-| Ethereum | sUSDe | 0.00% | 0.10% | 95.00% |
-| Base | USDS | 0.00% | 0.00% | 100.00% |
-| Base | USDC | 0.00% | 0.00% | 100.00% |
-| Base | sUSDS | 0.00% | 0.10% | 95.00% |
-| HyperEVM | USDe | 0.00% | 0.00% | 100.00% |
-| HyperEVM | sUSDe | 0.00% | 0.10% | 95.00% |
-| Avalanche | USDC | 0.00% | 0.00% | 100.00% |
-| Avalanche | ygamiUSDC (Silo vault, wrapped as a Yearn vault) | 0.00% | 0.10% | 95.00% |
-
-Every collateral currently has a mint cap of 100,000,000 and a 86,400 second oracle stale period. Yield-bearing assets (sfrxUSD, sUSDe, sUSDS, ygamiUSDC) also carry a 20.00% minimum exposure, so the reserve always keeps a share of them.
+| Chain | Collateral | Mint fee | Burn fee | Max exposure | Mint cap |
+| --------- | ----------------------- | -------- | -------- | ------------ | -------- |
+| Ethereum | frxUSD | 0.00% | 0.00% | 100.00% | 1,500,000 |
+| Ethereum | sfrxUSD | 0.00% | 0.10% | 100.00% | 3,500,000 |
+| Ethereum | USDe | Closed (being retired) | 0.00% | 100.00% | 1,500,000 |
+| Ethereum | sUSDe | Closed (being retired) | 0.10% | 95.00% | 3,500,000 |
+| Base | USDS | 0.00% | 0.00% | 100.00% | 1,500,000 |
+| Base | USDC | 0.00% | 0.00% | 100.00% | 1,500,000 |
+| Base | sUSDS | 0.00% | 0.10% | 100.00% | 3,500,000 |
+| HyperEVM | USDe | 0.00% | 0.00% | 100.00% | 500,000 |
+| HyperEVM | sUSDe | 0.00% | 0.10% | 100.00% | 1,000,000 |
+| Avalanche | USDC | 0.00% | 0.00% | 100.00% | 1,500,000 |
+| Avalanche | ygamiUSDC (Silo vault, wrapped as a Yearn vault) | Paused | 0.10% | 100.00% | 3,500,000 |
+
+These parameters were set by [PIP-69](https://gov.parallel.best/t/pip-69-usdp-parallelizer-bridging-modules-parameters-updates/541) (May 2026). Mint caps are in USDp minted against each asset, and every oracle has a 86,400 second stale period. Yield-bearing assets (sfrxUSD, sUSDS, ygamiUSDC and sUSDe on HyperEVM) also carry a 40.00% minimum exposure, so the reserve always keeps a share of them.
+
+USDe and sUSDe are being retired from Ethereum: minting with them is closed, and you can still burn USDp for them until that backing runs out. Until then, sUSDe on Ethereum keeps its earlier 20.00% to 95.00% exposure band. Minting with ygamiUSDC on Avalanche is currently paused; burns into it stay open.
 
 ## Fees today
 
-- **Mint fee: 0.00%** on every accepted collateral.
+- **Mint fee: 0.00%** on every collateral open for minting.
 - **Burn fee: 0.00%** on base stablecoins (frxUSD, USDe, USDS, USDC) and **0.10%** on yield-bearing assets (sfrxUSD, sUSDe, sUSDS, ygamiUSDC).
 
 :::warning
@@ -94,7 +96,7 @@ The app can route through aggregators (OpenOcean, KyberSwap, LiquidSwap, each on
 
 ## When a collateral hits its maximum exposure
 
-Each asset has a maximum share of the backing. Once that share is reached, minting with that asset is paused until burns or redemptions bring the exposure back under the limit. The other collaterals on the same chain stay open, so you can either switch asset or wait. Yield-bearing assets also have a minimum exposure, which is why burning for them can be paused when their share is already low.
+Each asset has a mint cap, the most USDp that can be minted against it, and can have a maximum share of the backing. Once either limit is reached, minting with that asset is paused until burns or redemptions bring it back under the limit. The other collaterals on the same chain stay open, so you can either switch asset or wait. Yield-bearing assets also have a minimum exposure, which is why burning for them can be paused when their share is already low.
 
 ## Getting collateral back: burn or redeem
 
@@ -124,11 +126,11 @@ You do not have to mint to hold USDp:
   },
   {
     question: "Why is the collateral I want to use greyed out or paused?",
-    answer: "Either that asset has reached its maximum exposure in the backing, or its oracle price has drifted too far from its target. Minting reopens on its own once exposure comes back under the limit or the price normalises. Try another accepted collateral on the same chain in the meantime."
+    answer: "Either that asset has reached its mint cap or its maximum exposure in the backing, or its oracle price has drifted too far from its target. Minting reopens on its own once it comes back under the limit or the price normalises. Governance can also close or pause minting with an asset; the table above shows those that are closed or paused today. Try another accepted collateral on the same chain in the meantime."
   },
   {
     question: "Do I pay a fee to mint?",
-    answer: "The mint fee is currently 0.00% on every accepted collateral. The mechanism is adaptive, so the DAO parameters and the exposure of each asset can change it. The app shows the exact fee in the quote before you confirm."
+    answer: "The mint fee is currently 0.00% on every collateral open for minting. The mechanism is adaptive, so the DAO parameters and the exposure of each asset can change it. The app shows the exact fee in the quote before you confirm."
   },
   {
     question: "What is the difference between burning and redeeming?",
diff --git a/src/pages/security/proof-of-solvency.mdx b/src/pages/security/proof-of-solvency.mdx
index bb129c0..9c126d9 100644
--- a/src/pages/security/proof-of-solvency.mdx
+++ b/src/pages/security/proof-of-solvency.mdx
@@ -75,14 +75,14 @@ If you would rather not read contracts by hand, the same data is exposed through
 
 USDp is backed by a basket of USD stablecoins, some of them yield-bearing. The DAO reviews each asset for stability, robustness and sustainable yield before allowing it, and can change the list and its parameters at any time.
 
-| Chain | Base stablecoins (0% to 100% exposure) | Yield-bearing assets (20% to 95% exposure) | Price feeds |
-| ----- | -------------------------------------- | ------------------------------------------ | ----------- |
-| Ethereum | frxUSD, USDe | sfrxUSD, sUSDe | Chainlink USD feeds; sfrxUSD through its exchange rate and Chainlink frxUSD/USD |
+| Chain | Base stablecoins (0% to 100% exposure) | Yield-bearing assets (40% to 100% exposure) | Price feeds |
+| ----- | -------------------------------------- | ------------------------------------------- | ----------- |
+| Ethereum | frxUSD, USDe (being retired) | sfrxUSD, sUSDe (being retired, 20% to 95%) | Chainlink USD feeds; sfrxUSD through its exchange rate and Chainlink frxUSD/USD |
 | Base | USDS, USDC | sUSDS | Chainlink USDS/USD and USDC/USD; sUSDS through its exchange rate and Chainlink |
 | HyperEVM | USDe | sUSDe | Redstone USDe/USD and sUSDe/USD |
 | Avalanche | USDC | ygamiUSDC (Silo vault wrapped as a Yearn vault) | Chainlink USDC/USD; ygamiUSDC through its vault share exchange rate and Chainlink |
 
-Every feed has a stale period of 86,400 seconds (24 hours): if a price has not been updated within that window, the Parallelizer treats it as stale. Each asset also carries a mint cap of 100,000,000 and a target price maintained by [keepers](/security/keepers), used to detect a depeg. The full parameter list, with links to each oracle contract, is on the [implementation page](/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp/implementation).
+Every feed has a stale period of 86,400 seconds (24 hours): if a price has not been updated within that window, the Parallelizer treats it as stale. Each asset also carries a mint cap, set by [PIP-69](https://gov.parallel.best/t/pip-69-usdp-parallelizer-bridging-modules-parameters-updates/541) at 500,000 to 3,500,000 USDp depending on the asset and chain, and a target price maintained by [keepers](/security/keepers), used to detect a depeg. The full parameter list, with links to each oracle contract, is on the [implementation page](/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp/implementation).
 
 The exposure bands are what keeps the basket diversified: the Parallelizer raises mint fees on an asset that is above its target share and lowers burn fees on it, and does the opposite for an under-represented asset. Fees can even turn negative to attract a needed asset.
 
diff --git a/src/pages/security/risks.mdx b/src/pages/security/risks.mdx
index c95feda..88c099d 100644
--- a/src/pages/security/risks.mdx
+++ b/src/pages/security/risks.mdx
@@ -42,7 +42,7 @@ Prices come from oracles: each collateral has a Chainlink or RedStone feed, comp
 
 ### How Parallel mitigates it
 
-- **Exposure bounds.** The yield-bearing assets (sfrxUSD, sUSDe, sUSDS, ygamiUSDC) are bounded to 20.00%-95.00% exposure today, and every asset has a 100,000,000 mint cap, so the basket cannot concentrate in one issuer without a governance vote.
+- **Exposure bounds.** Every asset has a mint cap, the most USDp that can be minted against it: 500,000 to 3,500,000 depending on the asset and chain, as set by [PIP-69](https://gov.parallel.best/t/pip-69-usdp-parallelizer-bridging-modules-parameters-updates/541). So the basket cannot concentrate in one issuer beyond that without a governance vote. The yield-bearing assets (sfrxUSD, sUSDS, ygamiUSDC, sUSDe) also keep at least 40.00% of their chain's backing, except sUSDe on Ethereum, which is being retired and keeps its earlier 20.00%-95.00% band.
 - **Adaptive fees.** Mint and burn fees rise as an asset nears its cap (100% effectively pauses minting with it) or go negative to attract an asset the basket lacks; today they are 0.00% on mints and 0.00% to 0.10% on burns.
 - **Depeg-aware burns.** Burning USDp for one asset applies a price penalty equal to the largest deviation of any basket asset from its target price, so rushing into the safest asset during a depeg does not pay, protecting holders who stay.
 - **Stale period.** Every collateral price feed has an 86,400-second stale period; an older price is rejected rather than used.

From 82cd59ac40d3f360ddd8692b662451884d7127db Mon Sep 17 00:00:00 2001
From: Noah Boisserie <51783223+JeanBrasse@users.noreply.github.com>
Date: Mon, 5 Oct 2026 03:00:42 +0400
Subject: [PATCH 3/3] docs: USDp bridge limits per PIP-69

The USDp Bridging Module on all 24 chains reads 250,000 USDp daily and
1,500,000 USDp global, for both mint and burn, as set in PIP-69
section VI. The docs said 2,500,000 and 10,000,000.

Pages: the bridge guide, fees, USDp implementation and risks.

Co-Authored-By: Claude Opus 5.5 <noreply@anthropic.com>
---
 src/pages/products/parallel-v3/fees.mdx       |   6 +-
 .../usdp-and-susdp/implementation.mdx         | 194 +++++++++---------
 src/pages/resources/user-guides/bridge.mdx    |  54 ++---
 src/pages/security/risks.mdx                  |   2 +-
 4 files changed, 128 insertions(+), 128 deletions(-)

diff --git a/src/pages/products/parallel-v3/fees.mdx b/src/pages/products/parallel-v3/fees.mdx
index 0a5f1a0..c87b6c8 100644
--- a/src/pages/products/parallel-v3/fees.mdx
+++ b/src/pages/products/parallel-v3/fees.mdx
@@ -75,14 +75,14 @@ Worked example from the [Parallelizer Module page](/products/parallel-v3/how-it-
 
 USDp moves between its 24 chains through the [Bridging Module](/products/parallel-v3/how-it-works/bridging-module), built on the LayerZero OFT standard. The protocol can charge a fee when USDp is bridged, taken on the destination chain when the lz-USDp is burnt for USDp. That fee is currently set to 0.00% on every chain. What you pay is the LayerZero native gas fee quoted on the source chain, which covers verification and execution on the destination chain, and delivery takes around 10 minutes.
 
-The DAO parameters are the same on every chain:
+The DAO parameters are the same on every chain. The limits are those set by [PIP-69](https://gov.parallel.best/t/pip-69-usdp-parallelizer-bridging-modules-parameters-updates/541), in USDp per chain:
 
 | Parameter | Value |
 | --- | --- |
 | Protocol fee | 0.00% |
 | Verification (DVNs) | 2 required (LayerZero Labs, Nethermind) plus 1 of 2 optional (Horizen, Canary) |
-| Daily mint and burn limits | 2,500,000 each |
-| Global mint and burn limits | 10,000,000 each |
+| Daily mint and burn limits | 250,000 each |
+| Global mint and burn limits | 1,500,000 each |
 | Isolate mode | Off |
 
 If a limit is reached you receive lz-USDp instead of USDp on the destination chain, which you can burn for USDp once the limit resets or bridge on to another chain. Limits, DVNs and the fee are all set by the DAO.
diff --git a/src/pages/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp/implementation.mdx b/src/pages/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp/implementation.mdx
index 24d8f69..b1bc64e 100644
--- a/src/pages/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp/implementation.mdx
+++ b/src/pages/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp/implementation.mdx
@@ -142,7 +142,7 @@ Sonic is not counted among the supported chains.
 
 ## Bridging Module
 
-Deploying the Bridging Module on all the chains where the core protocol is deployed is allowing USDp to freely move across any chain, including those where the Parallelizer Module is not deployed. This is also enabling contributors to move forward extremely quickly in terms of integration and business development, requiring no additional development work to deploy the token on a lending protocol or DEX. The Bridging Module is deployed on 24 chains with these parameters including:
+Deploying the Bridging Module on all the chains where the core protocol is deployed is allowing USDp to freely move across any chain, including those where the Parallelizer Module is not deployed. This is also enabling contributors to move forward extremely quickly in terms of integration and business development, requiring no additional development work to deploy the token on a lending protocol or DEX. The Bridging Module is deployed on 24 chains with these parameters. The mint and burn limits are those set by [PIP-69](https://gov.parallel.best/t/pip-69-usdp-parallelizer-bridging-modules-parameters-updates/541) (May 2026), as read on-chain in October 2026:
 
 * **Ethereum:**
   * DVNs: (2 of 1 of 2)
@@ -153,11 +153,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -171,11 +171,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -189,11 +189,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -207,11 +207,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -225,11 +225,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -243,11 +243,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -261,11 +261,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -279,11 +279,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -297,11 +297,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -315,11 +315,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -333,11 +333,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -351,11 +351,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -369,11 +369,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -387,11 +387,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -405,11 +405,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -423,11 +423,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -441,11 +441,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -459,11 +459,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -477,11 +477,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -495,11 +495,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -513,11 +513,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -531,11 +531,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -549,11 +549,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
@@ -567,11 +567,11 @@ Deploying the Bridging Module on all the chains where the core protocol is deplo
       * Horizen
       * Canary
   * Mint Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Burn Limits:
-    * Daily: 2,500,000.00
-    * Global: 10,000,000.00
+    * Daily: 250,000.00
+    * Global: 1,500,000.00
   * Fees:
     * Rate: 0.00%
   * Isolate Mode:
diff --git a/src/pages/resources/user-guides/bridge.mdx b/src/pages/resources/user-guides/bridge.mdx
index 6835e70..a00430c 100644
--- a/src/pages/resources/user-guides/bridge.mdx
+++ b/src/pages/resources/user-guides/bridge.mdx
@@ -40,12 +40,12 @@ Every parameter of the module is set by the DAO: the DVN set, the limits below,
 
 ### Daily and global limits
 
-Each chain has a daily and a global cap on how much can be minted and burned through the bridge. For USDp today, every chain uses the same values:
+Each chain has a daily and a global cap on how much can be minted and burned through the bridge. For USDp today, every chain uses the same values, set by [PIP-69](https://gov.parallel.best/t/pip-69-usdp-parallelizer-bridging-modules-parameters-updates/541):
 
 | Limit | Mint | Burn |
 | ----- | ---- | ---- |
-| Daily | 2,500,000 USDp | 2,500,000 USDp |
-| Global | 10,000,000 USDp | 10,000,000 USDp |
+| Daily | 250,000 USDp | 250,000 USDp |
+| Global | 1,500,000 USDp | 1,500,000 USDp |
 
 What happens when a limit is hit:
 
@@ -96,30 +96,30 @@ USDp bridges between all 24 chains below. Every chain uses the same DVN set (Lay
 
 | Chain | Daily mint / burn limit | Global mint / burn limit |
 | ----- | ----------------------- | ------------------------ |
-| Ethereum | 2,500,000 | 10,000,000 |
-| Base | 2,500,000 | 10,000,000 |
-| Sonic | 2,500,000 | 10,000,000 |
-| HyperEVM | 2,500,000 | 10,000,000 |
-| Avalanche | 2,500,000 | 10,000,000 |
-| Polygon | 2,500,000 | 10,000,000 |
-| Arbitrum | 2,500,000 | 10,000,000 |
-| Optimism | 2,500,000 | 10,000,000 |
-| Sei | 2,500,000 | 10,000,000 |
-| BNB Chain | 2,500,000 | 10,000,000 |
-| Berachain | 2,500,000 | 10,000,000 |
-| Scroll | 2,500,000 | 10,000,000 |
-| Gnosis | 2,500,000 | 10,000,000 |
-| Unichain | 2,500,000 | 10,000,000 |
-| Ink | 2,500,000 | 10,000,000 |
-| TAC | 2,500,000 | 10,000,000 |
-| Linea | 2,500,000 | 10,000,000 |
-| X Layer | 2,500,000 | 10,000,000 |
-| Plume | 2,500,000 | 10,000,000 |
-| Plasma | 2,500,000 | 10,000,000 |
-| Katana | 2,500,000 | 10,000,000 |
-| Fraxtal | 2,500,000 | 10,000,000 |
-| World Chain | 2,500,000 | 10,000,000 |
-| Hemi | 2,500,000 | 10,000,000 |
+| Ethereum | 250,000 | 1,500,000 |
+| Base | 250,000 | 1,500,000 |
+| Sonic | 250,000 | 1,500,000 |
+| HyperEVM | 250,000 | 1,500,000 |
+| Avalanche | 250,000 | 1,500,000 |
+| Polygon | 250,000 | 1,500,000 |
+| Arbitrum | 250,000 | 1,500,000 |
+| Optimism | 250,000 | 1,500,000 |
+| Sei | 250,000 | 1,500,000 |
+| BNB Chain | 250,000 | 1,500,000 |
+| Berachain | 250,000 | 1,500,000 |
+| Scroll | 250,000 | 1,500,000 |
+| Gnosis | 250,000 | 1,500,000 |
+| Unichain | 250,000 | 1,500,000 |
+| Ink | 250,000 | 1,500,000 |
+| TAC | 250,000 | 1,500,000 |
+| Linea | 250,000 | 1,500,000 |
+| X Layer | 250,000 | 1,500,000 |
+| Plume | 250,000 | 1,500,000 |
+| Plasma | 250,000 | 1,500,000 |
+| Katana | 250,000 | 1,500,000 |
+| Fraxtal | 250,000 | 1,500,000 |
+| World Chain | 250,000 | 1,500,000 |
+| Hemi | 250,000 | 1,500,000 |
 
 Contract addresses for the bridge on each chain are listed on the [USDp contract addresses](/developers-hub/contract-addresses/parallel-v3/usdp) page.
 
diff --git a/src/pages/security/risks.mdx b/src/pages/security/risks.mdx
index 88c099d..008c357 100644
--- a/src/pages/security/risks.mdx
+++ b/src/pages/security/risks.mdx
@@ -107,7 +107,7 @@ Two softer failure modes are more likely than a hack: when the destination chain
 ### How Parallel mitigates it
 
 - **Verifier quorum.** On every chain the configuration is 2 required DVNs (LayerZero Labs and Nethermind) plus 1 of 2 optional DVNs (Horizen and Canary); three independent verifiers must agree before USDp is minted.
-- **Limits.** Mint and burn limits are 2,500,000 USDp per day and 10,000,000 USDp global per chain, bounding a bridge exploit; the DAO can lower them at any time.
+- **Limits.** Mint and burn limits are 250,000 USDp per day and 1,500,000 USDp global per chain, as set by [PIP-69](https://gov.parallel.best/t/pip-69-usdp-parallelizer-bridging-modules-parameters-updates/541), bounding a bridge exploit; the DAO can lower them at any time.
 - **Isolation mode.** The DAO can switch on isolation mode so a chain can never burn more USDp than was bridged into it, stopping a compromised chain from draining the others; it is currently off on every chain.
 - **Manual execution.** If executors are unavailable you can call `lzReceive` yourself through [LayerZero Scan](https://layerzeroscan.com/protocol/parallel-protocol) or a block explorer; an offline executor does not lose funds.
 - **Pause.** The guardians and Hypernative automation from section 3, plus the DAO, can also pause bridge mint and burn.