Parallel (PRL) — Governance Rights Report

Vol. I, No. 1 Thursday, October 29, 2026 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

Immutable contract: no upgrade path to add economic rights
TWAP buyback is LP-ratio treasury ops, not value accrual

Where to Vote

Snapshot space: parallel-protocol.eth

Live proposals

PIP-72 l DAO Multisig Election 9

Voting closes November 4, 2026
PGP-46 l Renew Octav for DAO Treasury Tracking

Voting closes November 2, 2026
PIP-71 | Sunset USDp and the Bridging Module on 10 Chains

Voting closes November 4, 2026

Proposal History

Proposal	Title	Outcome	Closed
0x15f512b917…	PIP-72 l DAO Multisig Election 9	Open for voting	November 4, 2026
0x44c5f4dbfe…	PGP-46 l Renew Octav for DAO Treasury Tracking	Open for voting	November 2, 2026
0xe12f557122…	PIP-71 \| Sunset USDp and the Bridging Module on 10 Chains	Open for voting	November 4, 2026
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). We mark outcomes from recheck determinations where the proposal is named; otherwise we show the recorded state.

Metrics

Curated metric — next quarterly update. We have not yet wired on-chain revenue, treasury, and distribution-enforcement reads for this DAO's space into 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

Immutable contract: no upgrade path to add economic rights
TWAP buyback is LP-ratio treasury ops, not value accrual