# Parallel Tokenomics v2.1 is live

> The staking contract now deposits directly into Balancer. Nothing changes for you except one migration transaction.

**Published by:** [Parallel](https://blog.parallel.best/)
**Published on:** 2026-07-28
**URL:** https://blog.parallel.best/parallel-tokenomics-v21-is-live

## Content

sPRL2 v2 is deployed and live on Ethereum and Base. If you stake PRL through sPRL2, this is the contract you'll use from now on, and if you hold a v1 position, migrating takes a single transaction. Here's what changed and why. The Aura problem sPRL2 has always worked the same way on the surface: you deposit into an 80PRL/20WETH Balancer position, and staking that position earns you a x2.5 voting boost on the equivalent PRL value plus ParaBoost accumulation over time. What most stakers never saw is that the v1 contract didn't hold that Balancer position directly. It deposited it into Aura Finance, a yield layer built on top of Balancer's veBAL system, with the BAL and AURA rewards routed to the DAO treasury. That path is closing. Balancer is winding down veBAL, and Aura, whose whole model sits on top of it, announced it will follow. Once that happens, the v1 deposit path can't accept new principal and the existing position has to be unwound. Without a replacement, sPRL2 stops functioning. The fix sPRL2 v2 deposits the 80PRL/20WETH position directly into Balancer. No intermediary, no dependency on a third protocol's lifecycle. For stakers, nothing else moves: Same 80PRL/20WETH position. Same x2.5 voting boost. Same 1-epoch unstaking cooldown. Same early-unstake penalty curve. Same ParaBoost accumulation rules. The one addition is Base. v2 is deployed on Ethereum and Base, where v1 was Ethereum only. Base has taken a growing share of PRL liquidity since the V3 launch, and the deployment reflects that. Migrating from v1 If you hold sPRL2 v1, a dedicated migration contract moves your position to v2 in one transaction. No penalty, no cooldown, and your accumulated ParaBoost carries over in full. The v1 staking interface has been removed from the app. If you have a v1 balance, a banner on the Stake page will prompt you to migrate to v2. No new deposits can go into v1. One thing worth knowing: v1 balances are excluded from the monthly USDp profit-sharing distribution going forward, and they no longer carry voting power. If you want to keep earning your share and keep your voice in governance, migrate. Note: migrating does not carry your delegation over. Once your tokens are in v2, re-delegate your voting power; otherwise it sits idle. Part of a larger cleanup sPRL2 v2 is the first piece of Tokenomics v2.1 (PIP-68) to go live. The proposal, approved by the DAO in May, also deprecates sPRL1 on Polygon and Sonic. If you stake there, you can unstake and withdraw right now with zero penalty and no cooldown, then re-stake on Ethereum or Base. sPRL1 on Polygon and Sonic no longer carries voting power. v2.1 also moves the staker fee distribution rail from PAR on Polygon to USDp on Base and tightens the reward claim window from 12 to 6 epochs. Those changes roll out on their own schedule. The v2 contract and the migration contract were audited by Bail Security before deployment. Full proposal: https://gov.parallel.best/t/pip-68-introducing-parallel-tokenomics-v2-1/540 What to do now If you hold sPRL2 v1: head to the Stake page; the migration banner is waiting for you. If you want to start staking: sPRL2 v2 is live in the app on Ethereum and Base. https://app.parallel.best/stake About Parallel Parallel is a Capital-efficient, modular, over-collateralized & decentralized stablecoins protocol. Backed by yield-generating correlated assets. DApp I Discord I X I Docs

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