Staking Mechanisms

PRL holders have the option to stake their tokens in 2 different forms: sPRL1, single PRL staking; and sPRL2, PRL/wETH 80/20 BPT staking. Each option allows holders to choose the risk they are willing to take.

sPRL1 & sPRL2 are represented in form of tokens and will be freely transferable, however in case of transfer, the accumulated Paraboost will be lost (more details about Paraboost here).

The PRL staking modules can be deployed on several blockchains at once.

Staking Mechanisms Summary

It is possible for sPRL1 and sPRL2 to initiate unstaking at any time, against a cooldown period of 1 epoch. However, they are able to bypass the vesting period by paying a penalty fee, starting at 50% and decreasing linearly over time. The penalty fee is taken from the amount of sPRL1 or sPRL2 being unstaked and is sent to the DAO Treasury.

Penalty Fee Over Time

sPRL1: Single PRL Staking

A basic single-sided staking for users who do not want to take an impermanent loss from tokens in liquidity pools. Each PRL staked as sPRL1 will count as x1 voting power, with a 1 epoch unstaking cooldown.

sPRL1 is currently deployed on:

• Ethereum

• Polygon PoS

• Base

• Sonic

sPRL1 can technically be deployed on more chains in the future, conditioned to the availability of PRL on the chain.

sPRL2: Liquidity Pool Staking

A PRL/wETH 80/20 Balancer Pool Token staking for users who want to get the maximum voting power. The staked LP as sPRL2 is itself staked on Aura under the hood, with rewards in $BAL and $AURA automatically sent to the DAO treasury.

As these stakers help Parallel increase the PRL liquidity a x2.5 boost on the equivalent value of PRL tokens staked (in $) is applied. This boost ise applied for ParaBoost. sPRL2 holders are able to unstake their BPT tokens against a 1 epoch unstaking cooldown.

sPRL2 is currently deployed on:

• Ethereum

sPRL2 can technically be deployed on more chains in the future, conditioned to the availability of PRL, Balancer/Beets & Aura on the chain.