MIMO to PRL Migration
On April 18th 2025 the DAO approved a migration of the MIMO Token (the previous governance token of the Parallel Protocol) for a new token, PRL.
Specifications
The total MIMO token supply is 1,000,000,000 tokens. As the PRL token is also having a supply of 1,000,000,000 tokens, a 1:1 migration (1 MIMO -> 1 PRL) has been approved. This means there will be no new token inflation, and no prejudice to current and future token holders.
In order to not penalize any MIMO holders, we built the migration module without the possibility of setting a migration deadline, allowing MIMO token holders to migrate to the PRL token without any deadline. However, the MIMO -> PRL migration will be definitive, and it will be impossible to perform the reverse migration once it has been completed. The DAO will also be able to pause/unpause migration contracts on each chain.
What happened to vMIMO?
MIMO tokens locked as vMIMO on Ethereum & Polygon PoS have been unlocked in order to let holders migrate to the PRL token.
Can i migrate my MIMO if i own them on Fantom?
Following the multichain[.]org hack in 2023, holders of MIMO tokens on Fantom found themselves unable to bridge their tokens back to Ethereum. Thanks to the crosschain PRL migration architecture, MIMO blocked on Fantom are also able to migrate to PRL on any chain, enabling holders to regain full possession of their tokens.
Last updated
Was this helpful?