DAO Treasury

Overview

To support the growth of the Parallel Protocol a protocol treasury has been set up, funded by the fees generated by the protocol.

Aggregated DAO Treasury can be seen using Octav in real time thanks to their analytics feature:

Web3 Treasury Management and Financial Data AnalyticsOctav

Real Time Aggregated DAO Treasury

Strategy

Initiated by MGP-12 and updated with MGP-15, PGP-24 & PGP-30 a strategy treasury has been implemented by the Parallel DAO. The strategy is performed by the DAO Multisig.

• General:

  • Every month, swap net accumulated (after service providers payment, etc…) paUSD, PAR & USDp to get a 30/70 split in $ equivalent in wETH (30%) and USDp

  • Every month, deposit and stake wETH with PRL from the treasury in PRL/wETH pools. chains, protocols and pools will be determined by the DAO multisigs with the advisory of Cooper Labs & Mimo Labs. This in order to bring greater flexibility in terms of management.

  • Every month, if there are not enough PRL in the treasury to get correct PRL/wETH ratio for LP, the DAO will buyback PRL tokens at the market via TWAP in order to get the right ratio to deposit in liquidity pools

  • Every month, deposit and stake USDp from the treasury in USDp/XYZ pools. Chains, protocols and pools will be determined by DAO multisig signers with advice from Cooper Labs & Mimo Labs. However pools must be non-IL, which means that USDp tokens can only be deposited in pools with another USD stablecoin. This in order to bring greater flexibility in terms of management.

  • Every 4 months, claim SPECTRA from sdSPECTRA staking → Deposit and stake them for sdSPECTRA

  • If there are funds deposited & staked on Aura:

    • Every month, claim BAL and AURA tokens from Aura

    • Every month, swap claimed BAL for AURA

    • Every month, lock AURA tokens and relock current vlAURA

  • If there are funds deposited & staked on Beets:

    • Every month, claim BEETS tokens from Beets

    • Every month,stake BEETS as maBEETS

  • If there are funds deposited & staked on Shadow:

    • Every month, claim SHADOW tokens from Shadow

    • Every month, lock xSHADOW

  • If there are funds deposited in another protocol not listed above we propose to let DAO Multisig signers manage what to do with rewards, with advice from Cooper Labs & Mimo Labs. This in order to bring greater flexibility in terms of management.

Voting power from vlAURA, sdSPECTRA, xSHADOW, maBEETS & potential additional governance tokens has been delegated to Mimo Labs. At least 5,000,000 liquid PRL must stay in the DAO treasury.

If liquidity pools are to change over time, but retain the same tokens, multisig signers get the right to migrate liquidity to the new pools without the need for a DAO vote.

Multisigs Addresses

Ethereum

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0x25Fc7ffa8f9da3582a36633d04804F0004706F9b

Polygon

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0x2046c0416A558C40cb112E5ebB0Ca764c3C5c32a

HyperEVM

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95

Base

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95

Sonic

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95

Arbitrum

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95

Optimism

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95

Gnosis

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95

Linea

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95

Scroll

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95

Avalanche

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95

Binance Smart Chain

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95

Ink

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95

Berachain

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95

Unichain

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95

Sei

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0x1AD681fa147f35AB7B35c7a289B1938Bc0171e8b

Tac

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0x1AD681fa147f35AB7B35c7a289B1938Bc0171e8b

X Layer

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95

Plume

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xd22b9E8eE5B6490C667D90c6819E53e9503EE139

Plasma

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95

Linea

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95

Katana

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95

Fraxtal

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xF6Cd93af204947c9aAF55B15d907f8F4D08b91A3

World

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95

Hemi

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0xC5201FFE258a95Af986E7cD1fcaD54f3f63f2C95

Fantom

Multisig	Signatures Threshold	Address
Protocol & DAO Treasury	5 out 8 signers	0x174162ddecE9d0b7B68fd945e38c3372C4C818ba