# sPRL and Voting Power

## sPRL1 & sPRL2 = Voting Power

In order to participate in Parallel Protocol governance, token holders must stake their PRL tokens for sPRL. Users are receiving sPRL1 and/or sPRL2, which are transferable tokens depending on their preference.

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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](https://docs.parallel.best/governance/parallel-governance-token-prl/tokenomics/paraboost)).
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<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd9e9vhPUKbd2YUr_rweZl_d5mlTLdjuVPrpqAozapb56ke85rl2zCAeNSiJki8JvGniUNoYAejUjERY49Uv8EhOY8bzsgwHDir_7rjJBteG1x3syFrDwdtOnwOk_byxt7xNKdU?key=uOHfGKisLsmo3vlkLWSaDkLF" alt=""><figcaption><p>Staking Mechanisms Summary</p></figcaption></figure>

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.

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXci-Irsgw1RejbBF6baHptCcp5GGlP8L_HI4rRuyV9fH7R7VoY9fi_-IuCmZxLIIDH7hf3nAM_HG70LI6x4nXpVB_yEW_ZItCV_ErfxdfI57N35-kCcnRCsO7DVscxEu9gpBBYt?key=uOHfGKisLsmo3vlkLWSaDkLF" alt=""><figcaption><p>Penalty Fee Over Time</p></figcaption></figure>

### 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

### 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

## **Where to stake PRL?**

You can increase your voting power by staking PRL [here](https://app.parallel.best/stake) and obtain sPRL1 and/or sPRL2.

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If you don't know how to stake PRL, you can follow this guide.
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## What next?

Now that you have sPRL, you can participate in the various governance proposals, published on the [governance forum](https://gov.parallel.best/).

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Any user can choose to delegate all or a portion of his voting power to someone else on the Parallel [dApp](https://app.parallel.best/stake) by clicking on " change delegate".
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Be sure to stake your PRL before the snapshot vote starts, or your PRL will not be available for voting!
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