# Licensing

Parallel V3 is divided into 3 different repositories, each with different licenses:

* [parallel-core](https://github.com/parallel-protocol/parallel-core): Licensed under MIT license, available [here](https://github.com/parallel-protocol/parallel-core/blob/main/LICENSE.md). Basically, you can do whatever you want as long as you include the original copyright and license notice in any copy of the software/source. The license includes the AccessManager contract.
* [parallel-tokens](https://github.com/parallel-protocol/parrallel-tokens): Licensed under MIT license, available [here](https://github.com/parallel-protocol/parrallel-tokens/blob/main/LICENSE). Basically, you can do whatever you want as long as you include the original copyright and license notice in any copy of the software/source. The license includes the stablecoins token contracts, as well as the Bridging & Flashloan modules.
* [parallel-parallelizer](https://github.com/parallel-protocol/parallel-parallelizer): Licensed Friendly Fork of Angle Protocol codebase. Released under Business Source License 1.1 (BUSL 1.1) with rights granted to Mimo Labs & Cooper Labs to use the license for commercial purposes via a signed [License and Fee-sharing Agreement](https://github.com/parallel-protocol/parallel-parallelizer/blob/audit/bailsec-april-2025/Parallel_x_Angle___Licensing_agreement_redacted.pdf). In [PIP-50](https://gov.parallel.best/t/pip-50-l-introducing-parallel-v3-a-modular-scalable-decentralized-stablecoins-protocol/475), it was approved that 1% of the fees generated by the licensed friendly fork (parallel-parallelizer [repositery](https://github.com/parallel-protocol/parallel-parallelizer)) will be allocated to Angle Labs until the license expires on June 1, 2026.