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Cover image for Parallel Protocol Enters a New Era
Blog iconParallel
May 1

Parallel Protocol Enters a New Era

Introducing PRL, Tokenomics v2.0 & a Fresh Identity

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Blog iconParallel
May 1

How to Stake PRL?

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...

Cover image for How to Bridge Parallel Tokens?
Blog iconParallel
May 1

How to Bridge Parallel Tokens?

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...

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Parallel

Scalable, over-collateralized & decentralized stablecoin protocol. Backed by yield generating correlated assets.

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