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 score to receive protocol fees

• 🔐 Lock into a 30-day cycle (epoch) with optional early exit against a penalty

⚙ Staking Options

There are two staking formats available:

1. sPRL1 – Single-Sided PRL Staking

• Stake only PRL

• No exposure to impermanent loss

• Voting power: 1 PRL = 1 vote

• Available on Ethereum, Polygon, Base, Sonic

Best suited for governance participants and low-risk profiles.

2. sPRL2 – PRL/wETH LP Staking

• Provide liquidity to the Balancer 80/20 PRL/wETH pool

• LP tokens are automatically staked on Aura, rewards sent to the DAO

• Voting power: x2.5 ParaBoost (based on PRL-equivalent value)

• Available initially on Ethereum

Best suited for users who want maximum governance influence and support PRL liquidity.

How Rewards Work

• ParaBoost score determines how much of the protocol’s fees you receive

• Rewards are distributed every epoch (~30 days)

• Distributed in PAR stablecoin, claimable on Polygon PoS

• You can claim within 12 epochs (~1 year) before unclaimed rewards return to the DAO

💡 Fees distributed to stakers: 15% of total generated protocol fees

⏱ Cooldown & Early Exit

• Unstaking starts a 1-epoch cooldown (30 days)

• You can exit immediately by paying a penalty:

  • Starts at 50%

  • Decreases linearly over time

• Penalties are sent to the DAO Treasury

• Transfer of sPRL1/sPRL2 resets ParaBoost to 0

📥 How to Stake (Step-by-Step)

1. Go to the “Stake” tab on the Parallel dApp

2. Choose between Stake PRL or Stake PRL/wETH LP

3. Select your chain (Ethereum, Polygon, etc.)

4. Enter the amount to stake

5. Approve PRL

6. Confirm and sign the staking transaction

sPRL1

sPRL2

🗳 How to Delegate Your Voting Power

Once your PRL is staked (sPRL1 or sPRL2), you can delegate your voting power to any address, including your own.

Step-by-step:

1. Go to the Stake tab in the Parallel dApp

2. Scroll to the Your votes section

1. Click on Change Delegate

2. In the modal:

   • Paste the address of the wallet you want to delegate to

   • Or select Delegate to Self if you want to vote with your own address

3. Click Delegate and confirm the transaction in your wallet

Delegating only affects your Snapshot voting power.
You keep full ownership of your sPRL, your ParaBoost score, and your protocol rewards (in $PAR).

🗳 Governance Power

Voting power is assigned based on ParaBoost score from the previous epoch.

• Proposal thresholds:

  • Integration: 100k sPRL (ParaBoost)

  • Governance: 200k

  • Improvement: 300k

To publish a proposal on Snapshot, you need at least 100,000 sPRL (ParaBoost).

⚠️ Additional Notes

• sPRL tokens are ERC-20 transferable, but ParaBoost resets on transfer

• Staking contracts are audited (BailSec & Zenith)

• All funds are non-custodial and managed by the DAO

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