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.
MIMO has been officially replaced by PRL following DAO vote (PIP-45)
🔐 PRL is immutable and deployed under a clean governance contract (no minting, pausing, or admin rights)
🌉 Migration is supported across Ethereum, Polygon, Fantom, Arbitrum One, Optimism, Base, and Sonic
💫 MIMO tokens held on Fantom can also be migrated
🕐 In accordance with PIP-61, the MIMO-to-PRL migration will end on August 1st, 2026. Migration is irreversible
Go to the official Parallel dApp and click on the “Migrate” button. Then, connect the wallet that holds your MIMO tokens.
You’ll instantly see your token balances on Ethereum, Polygon, and Fantom — including both MIMO and vMIMO.
If you hold vMIMO, you’ll be able to withdraw it directly before migrating.
Use the dropdown to choose:
The chain you’re migrating from (e.g. Polygon)
The destination chain (e.g. Ethereum)
You can migrate from any supported chain to any other, thanks to LayerZero’s mesh-like bridging logic.
Once the origin and destination are selected:
Enter the amount of MIMO you want to migrate
You’ll see exactly how much PRL you’ll receive (1:1 ratio)
(Optional) Add a recipient address if you want to send PRL to another wallet
Click the Migrate button.
If this is your first time, you may need to approve the MIMO token in your wallet
Confirm the transaction
Wait for the bridging process to complete (a few seconds to a couple of minutes depending on the chain)
Once complete, your wallet will receive the equivalent amount of PRL on the destination chain.
You can now:
Stake PRL (via sPRL1 or sPRL2)
Vote in governance (only if PRL are staked in sPRL1 or sPRL2)
Earn protocol fee sharing in PAR
Q: What happens to my vMIMO?
You can withdraw it from the migration UI directly. It will become standard MIMO, ready to migrate to PRL.
Q: Can I migrate between two chains that aren’t Ethereum?
Yes — migrating works between all supported networks (LayerZero-based routing).
Q: Is there a deadline to migrate my MIMO tokens?
Yes. In accordance with PIP-61, the MIMO-to-PRL migration will end on August 1st, 2026.
Q: What if I had MIMO stuck on Fantom?
You can now migrate it to any chain that supports PRL.