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# Parallel Governance Token (PRL)

PRL is the governance token of the Parallel Protocol, which is a DAO-governed protocol. Changes are made through proposals and voted by stakers of the PRL token.

* **Name:** Parallel Governance Token
* **Symbol:** PRL
* **Native blockchain deployed:** Ethereum
* **Initial supply:** 1,000,000,000, with no mint function
* **Burned:** 544,348,739.47 PRL as of 4 October 2026, so the net supply is 455,651,260.53 PRL ([live total](https://api.parallel.best/public/supply/prl), [live circulating](https://api.parallel.best/public/supply/prl/circulating)). See [Supply and burns](#supply-and-burns).
* **Decimals:** 18
* **Permit:** Yes
* **Pause function:** No
* **Admin function:** No
* **Mint function:** No

:::info
PRL can be staked for sPRL to get voting power in the governance and receive fee sharing. Learn more [here](/governance/parallel-governance-token-prl/tokenomics).
:::

## Supply and burns

PRL has no mint function, so its supply can only go down. Burned PRL are sent to the dead address `0x000000000000000000000000000000000000dEaD`, where no one can spend them. The live figures subtract that balance from the initial one billion:

* total supply: [api.parallel.best/public/supply/prl](https://api.parallel.best/public/supply/prl)
* circulating supply: [api.parallel.best/public/supply/prl/circulating](https://api.parallel.best/public/supply/prl/circulating)

The DAO committed to burning 50% of the initial supply, 500,000,000 PRL. The burns come from governance decisions:

* [PGP-37](https://gov.parallel.best/t/pgp-37-l-prl-burn-phase-i/515), PRL Burn Phase I (January 2026): 26,371,873.81 PRL, from bought-back MIMO and past inflation.
* [PIP-65](https://gov.parallel.best/t/pip-65-accelerate-end-of-mimo-to-prl-migration-to-april-15th-2026/533) (April 2026): the 370,925,853.61 PRL left unmigrated when the MIMO to PRL migration closed.
* [PGP-40](https://gov.parallel.best/t/pgp-40-prl-burn-phase-ii/536), PRL Burn Phase II (May 2026): recurring burns of PRL bought back monthly by the DAO Treasury, of PRL received from sPRL1 early-exit penalties, and of PRL bought back with unclaimed PAR. PGP-40 commits $20,000 a month from the Treasury to these buybacks for three months, after which it calls for a review and an updated Phase III proposal.
* [PGP-42](https://gov.parallel.best/t/pgp-42-redirect-sprl-par-distribution-to-prl-buyback-burn/539) (May 2026): for three months, the stakers' PAR distribution funds PRL buybacks and burns.
* [PGP-45](https://gov.parallel.best/t/pgp-45-otc-buyback-burn-of-100m-prl-from-mimo-labs/550) (September 2026): an over-the-counter buyback and burn of 100,000,000 PRL.

As of 4 October 2026, 544,348,739.47 PRL sit at the dead address, past the 500,000,000 target, for a net supply of 455,651,260.53 PRL.

## PRL Contract Addresses

| Blockchain  | Contract Address                                                                                                                 |
| ----------- | -------------------------------------------------------------------------------------------------------------------------------- |
| Ethereum    | [0x6c0aeceeDc55c9d55d8B99216a670D85330941c3](https://etherscan.io/address/0x6c0aeceeDc55c9d55d8B99216a670D85330941c3)            |
| Polygon PoS | [0x7790dd69aa10eD3f1271E41CD7222D2a7d2D5948](https://polygonscan.com/address/0x7790dd69aa10eD3f1271E41CD7222D2a7d2D5948)         |
| Base        | [0xfD28f108e95f4D41daAE9dbfFf707D677985998E](https://basescan.org/address/0xfD28f108e95f4D41daAE9dbfFf707D677985998E)            |
| Sonic       | [0xfD28f108e95f4D41daAE9dbfFf707D677985998E](https://sonicscan.org/address/0xfD28f108e95f4D41daAE9dbfFf707D677985998E)           |
| Arbitrum    | [0xfD28f108e95f4D41daAE9dbfFf707D677985998E](https://arbiscan.io/address/0xfD28f108e95f4D41daAE9dbfFf707D677985998E)             |
| Optimism    | [0xfD28f108e95f4D41daAE9dbfFf707D677985998E](https://optimistic.etherscan.io/address/0xfD28f108e95f4D41daAE9dbfFf707D677985998E) |

:::info
PRL can be bridged to any supported chain listed above. Learn more [here](/governance/parallel-governance-token-prl/bridging-module).
:::

## Codebase & License

The PRL codebase is publicly available [here](https://github.com/parallel-protocol/) and is released under the MIT License. The code has been audited by Bail Security & Zenith. Audit reports are available [here](/security/audits).

More technical informations available in the [developers documentation](/developers-hub/parallel-governance-token-prl).