According to Odaily Planet Daily, Parallel Network announced that the Parallel L2 points collection plan has ended and will retain a snapshot of all user points data. After the plan ends on July 24, 2024, assets on the Parallel L2 chain will no longer generate new Parallel points.
Parallel will focus on its core areas and enter a new development phase. Starting August 5, 2024, Parallel L2 will enter a maintenance phase, during which only withdrawal-related functions will be available. The following pages will enter maintenance mode: Parallel L2 Wallet, Parallel L2 Bridge, Parallel L2 Airdrop Page, Parallel L2 Lending, and Parallel L2 Swap.
To ensure the liquidity and security of user assets, it is recommended to withdraw relevant assets from Parallel L2 and Parallel Lending before the maintenance period begins. For users who have not withdrawn assets before August 5 (excluding ETH token withdrawals), the official will retain the on-chain asset data as of August 5 and provide manual withdrawal services for three weeks from August 5 to August 26.
It should be noted that for ETH token withdrawals, since a 7-day redemption period is required and manual final confirmation is required after this period, please redeem all ETH tokens before July 26. Withdrawals initiated after this date will not be able to be finalized, and the complexity of manually redeeming ETH tokens may limit the liquidity of user assets.