# Governance

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](https://docs.parallel.best/governance/sprl).

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