Vol. I, No. 1 Monday, August 31, 2026 Parallel — Governance Rights Report
Executable rights. Machine-readable determinations.

Probity Institute

Parallel — Governance Rights Report

Verdict

Parallel

PRL — Governance Rights Report
Tier 4 S1 — Token-Governed Protocol Assessment as of 2026-10-01
GSA-1 fail GSA-2 fail GSA-3 fail GSA-4 fail GSA-5 near-miss GSA-6 fail GSA-7 fail GSA-8 fail

Why this rating: Immutable token contract (no minting/pausing/admin) prevents capture but also blocks adding economic rights — Snapshot + multisig, micro-cap. Immutable contract: no upgrade path to add economic rights; TWAP buyback is LP-ratio treasury ops, not value accrual

Where to Vote

Proposal History

ProposalTitleOutcomeClosed
0x16e1f2c008… PIP-70 | AI Compute Pilot: From DeFi Incentives to Owned Infrastructure Closed September 14, 2026
0x856a07456f… PGP-45 | OTC Buyback & Burn of 100M PRL from Mimo Labs Closed September 5, 2026
0xbbce9a711f… PGP-44 l 2026-2027 Immunefi Bug Bounty Program Renewal Closed September 3, 2026
0x8a7a70983a… PGP-43 l Additional Parallel v3.2 Security Audit Passed July 13, 2026
0x857cee68b1… PIP-69 | USDp Parallelizer & Bridging Modules Parameters Updates Closed May 24, 2026

History from the Institute scanner and the 2026-08-31 recheck pulls (Snapshot Hub GraphQL / OpenSquare). Outcomes marked from recheck determinations where the proposal is named; otherwise the recorded state is shown.

Metrics

Curated metric — next quarterly update. On-chain revenue, treasury, and distribution-enforcement reads are not yet wired for this DAO's space in the Institute's state files; the quarterly re-assessment cycle will populate this block.

Structure & History

Structure: S1 — Token-Governed Protocol.

S1-S5 protocol business structure taxonomy, as-of 2026-08-27 (structure taxonomy date); scores as-of 2026-10-01 (first scored 2026-07-23; quarterly recheck #2, cycle 2026-08-31 -> 2026-10-01)

2026-08-31 recheck verdict: UNCHANGED.

Assessment flags