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...

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...

The Parallel DAO has officially upgraded its governance layer: MIMO is now replaced by PRL, a new token that brings enhanced security, clearer branding, and native multichain functionality. This guide will help you migrate your tokens in a few simple steps — whether you’re on Ethereum, Polygon, or Fantom. The process is direct, permissionless, and powered by LayerZero’s secure cross-chain infrastructure.🧭 Why Should You Migrate?✅ MIMO has been officially replaced by PRL following DAO vote (P...

After three years of evolution, experimentation, and community-driven growth, the Parallel Protocol is entering a new chapter. Following the successful adoption of PIP-45, PIP-46, and PIP-47 by the DAO, three major upgrades are now officially live: a new governance token ($PRL), a redesigned tokenomics framework, and a refreshed brand identity. Together, these upgrades lay the foundation for a more decentralized, resilient, and value-aligned protocol.