Governance

Detailing where Governance is involved

While the main functionalities of Parallel V3 can work autonomously with no governance involved, Parallel V3 is not a governance-free protocol and is controlled by sPRL holders.

The protocol governance must be involved to:

• Deploy a new stablecoin

• Deploy the Protocol on a new chain

• Add/remove new minting modules

• Add/remove collateral assets to its backing

• Adjust the fee parameters that determine the target and maximum exposures to each asset

• Adjust oracle parameters

• Adjust Parallelizer module parameters

• Adjust Savings module parameters

• Adjust Bridging module parameters

• Adjust Flashloan module parameters

• Deploy an upgrade of the Protocol