ParaBoost

Parallel Boost (ParaBoost) is a concept that distributes fees to PRL stakers who generate the most positive externalities that benefit the protocol.

This new concept aligns the short and long-term interests of both the protocol, by encouraging more use of it; PRL holders, by encouraging them to stake their tokens and interact with it; and ordinary users, encouraged to buy and stake PRL tokens to obtain additional benefits.

ParaBoost Examples

The ParaBoost will be computed offchain by a keeper (Cooper Labs) at the end of an epoch and a merkle root is sent to the rewardDistributor contract.

Due to time constraints (to get V3 out faster) we decided to simplify Paraboost as much as possible for tokenomics v2.0. A more complete version of ParaBoost will be presented with the introduction of tokenomics v2.1, which will be released after Parallel V3. As ParaBoost is calculated entirely offchain, there will be no need to update smart contracts or perform new audits.

sPRL

The weight of sPRL2 relatively to sPRL1 in the ParaBoost calculation is multiplied byu x2.5. The calculation is based on the dollar value of sPRL1 & sPRL2.

sPRL ParaBoost Overview