# Governance Proposal (PGP) **URL:** https://gov.parallel.best/c/governance-proposal-pgp/11.md [Latest](https://gov.parallel.best/latest.md) · [Categories](https://gov.parallel.best/categories.md) --- ## [About the Governance Proposal (PGP) category](https://gov.parallel.best/t/about-the-governance-proposal-pgp-category/149)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 0\ **Last updated:** [April 21, 2022, 8:09pm UTC](https://gov.parallel.best/t/about-the-governance-proposal-pgp-category/149 "2022-04-21T20:09:37Z")
Parallel Governance Proposal (PGP): PGPs are about common governance proposals, especially the ones related to the treasury of the protocol and the DAO organization. The PGPs would concern but wouldn’t be limited to: T… --- ## [PGP-46 l Renew Octav for DAO Treasury Tracking](https://gov.parallel.best/t/pgp-46-l-renew-octav-for-dao-treasury-tracking/555)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 0\ **Last updated:** [October 13, 2026, 5:26pm UTC](https://gov.parallel.best/t/pgp-46-l-renew-octav-for-dao-treasury-tracking/555 "2026-10-13T17:26:40Z")
Summary: This proposal aims to renew Octav’s tooling for treasury management, accounting, and transparency reporting. Rationale: Two years ago we proposed to the Parallel DAO our reporting services for its treasury, a… --- ## [PGP-45 | OTC Buyback & Burn of 100M PRL from Mimo Labs](https://gov.parallel.best/t/pgp-45-otc-buyback-burn-of-100m-prl-from-mimo-labs/550)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 3\ **Last updated:** [September 30, 2026, 3:25pm UTC](https://gov.parallel.best/t/pgp-45-otc-buyback-burn-of-100m-prl-from-mimo-labs/550 "2026-09-30T15:25:46Z")
Summary: This proposal authorizes the DAO, with the support of Cooper Labs, to acquire 100,000,000 PRL (in the form of sPRL1) from Mimo Labs through an OTC swap funded by the DAO Treasury, and to burn the full amount im… --- ## [PGP-44 l 2026-2027 Immunefi Bug Bounty Program Renewal](https://gov.parallel.best/t/pgp-44-l-2026-2027-immunefi-bug-bounty-program-renewal/549)
**Author:** [@mateus-immunefi](https://gov.parallel.best/u/mateus-immunefi)\ **Replies:** 5\ **Last updated:** [September 4, 2026, 10:23am UTC](https://gov.parallel.best/t/pgp-44-l-2026-2027-immunefi-bug-bounty-program-renewal/549 "2026-09-04T10:23:29Z")
Summary: This proposal aims to renew the Parallel bug bounty program and triaging service managed by Immunefi for an additional 24-month period from a reduced annual rate of $38,530 to $20,000 USD per year. Rationale: O… --- ## [PGP-43 l Additional Parallel v3.2 Security Audit](https://gov.parallel.best/t/pgp-43-l-additional-parallel-v3-2-security-audit/542)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 3\ **Last updated:** [July 18, 2026, 7:54am UTC](https://gov.parallel.best/t/pgp-43-l-additional-parallel-v3-2-security-audit/542 "2026-07-18T07:54:01Z")
Summary: This proposal aims to perform an additional security audit of Parallel v3.2 by Bail Security, in order to improve the security of the protocol and users’ trust in it. Rationale: Following the failed exploit a… --- ## [PGP-42 | Redirect sPRL PAR Distribution to PRL Buyback & Burn](https://gov.parallel.best/t/pgp-42-redirect-sprl-par-distribution-to-prl-buyback-burn/539)
**Author:** [@george](https://gov.parallel.best/u/george)\ **Replies:** 6\ **Last updated:** [May 19, 2026, 12:57pm UTC](https://gov.parallel.best/t/pgp-42-redirect-sprl-par-distribution-to-prl-buyback-burn/539 "2026-05-19T12:57:36Z")
Summary: This proposal complements PGP-40 (PRL Burn Phase II), currently live on Snapshot (April 30 – May 7, 2026), by temporarily redirecting the monthly PAR distribution currently allocated to sPRL holders, the 15% of… --- ## [PGP-41 | Marketing & Growth Strategy - Phase II](https://gov.parallel.best/t/pgp-41-marketing-growth-strategy-phase-ii/538)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 4\ **Last updated:** [May 11, 2026, 3:37pm UTC](https://gov.parallel.best/t/pgp-41-marketing-growth-strategy-phase-ii/538 "2026-05-11T15:37:02Z")
Summary: This proposal aims to launch Phase II of the marketing & growth strategy of Parallel, following the completion of Phase I. Rationale: Phase I of the marketing & growth strategy was approved by the DAO and cov… --- ## [PGP-40 | PRL Burn Phase II](https://gov.parallel.best/t/pgp-40-prl-burn-phase-ii/536)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 2\ **Last updated:** [May 11, 2026, 3:35pm UTC](https://gov.parallel.best/t/pgp-40-prl-burn-phase-ii/536 "2026-05-11T15:35:59Z")
Summary: The proposal aims to establish a set of continuous, protocol-native PRL burn mechanisms to accelerate the path toward burning 50% of the total PRL supply (500,000,000 PRL). Rationale: Two major burn events ha… --- ## [PGP-39 | One-Time Allocation of Accrued Protocol Fees: Bootstrap Team Retroactive Service Fee](https://gov.parallel.best/t/pgp-39-one-time-allocation-of-accrued-protocol-fees-bootstrap-team-retroactive-service-fee/523)
**Author:** [@Tenebrae](https://gov.parallel.best/u/Tenebrae)\ **Replies:** 22\ **Last updated:** [March 30, 2026, 12:04pm UTC](https://gov.parallel.best/t/pgp-39-one-time-allocation-of-accrued-protocol-fees-bootstrap-team-retroactive-service-fee/523 "2026-03-30T12:04:46Z")
Proposal Type PGP (Treasury / Fee Allocation) Summary This proposal requests a one-time transfer of a fixed USD amount ($500,000) from accrued protocol fees currently held in the fee smart contract to the Mimo Team to p… --- ## [PGP-38 l Cooper Labs Service Providing Phase IV - Amendment](https://gov.parallel.best/t/pgp-38-l-cooper-labs-service-providing-phase-iv-amendment/517)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 6\ **Last updated:** [January 26, 2026, 12:03pm UTC](https://gov.parallel.best/t/pgp-38-l-cooper-labs-service-providing-phase-iv-amendment/517 "2026-01-26T12:03:49Z")
Summary: This proposal aims to amend PGP-35, a proposal to renew the service provision contract with Cooper Labs. Rationale: In October 2025 we proposed to renew our service providing for a 12-months period starting N… --- ## [PGP-37 l PRL Burn Phase I](https://gov.parallel.best/t/pgp-37-l-prl-burn-phase-i/515)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 9\ **Last updated:** [January 26, 2026, 12:03pm UTC](https://gov.parallel.best/t/pgp-37-l-prl-burn-phase-i/515 "2026-01-26T12:03:01Z")
Summary: This proposal aims to burn PRL coming from boughtback MIMO, issued MIMO/PRL from January 1st 2024 & future MIMO/PRL inflation. Rationale: Since PIP-46 l Introducing Parallel Tokenomics v2.0 100% of MIMO infla… --- ## [PGP-35 l Cooper Labs Service Providing Phase IV](https://gov.parallel.best/t/pgp-35-l-cooper-labs-service-providing-phase-iv/497)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 6\ **Last updated:** [January 5, 2026, 3:53pm UTC](https://gov.parallel.best/t/pgp-35-l-cooper-labs-service-providing-phase-iv/497 "2026-01-05T15:53:52Z")
Summary: This proposal aims to renew Cooper Labs’ engagement as a Service Provider for a fourth period, set to last 12 months. Rationale: A little less than 16 months after being engaged by the Parallel DAO to contrib… --- ## [PGP-36 l Renew Octav for DAO Treasury Tracking](https://gov.parallel.best/t/pgp-36-l-renew-octav-for-dao-treasury-tracking/507)
**Author:** [@ATTRIUS](https://gov.parallel.best/u/ATTRIUS)\ **Replies:** 4\ **Last updated:** [November 26, 2025, 8:50pm UTC](https://gov.parallel.best/t/pgp-36-l-renew-octav-for-dao-treasury-tracking/507 "2025-11-26T20:50:18Z")
Summary: This proposal aims to renew Octav’s tooling for treasury management, accounting, and transparency reporting. Rationale: A year ago we proposed to the Parallel DAO our reporting services for its treasury. The… --- ## [PGP-34 l Launch Parallel Stablecoins Price Feeds using DIA](https://gov.parallel.best/t/pgp-34-l-launch-parallel-stablecoins-price-feeds-using-dia/488)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 4\ **Last updated:** [September 17, 2025, 2:22pm UTC](https://gov.parallel.best/t/pgp-34-l-launch-parallel-stablecoins-price-feeds-using-dia/488 "2025-09-17T14:22:48Z")
Summary: This proposal aims to launch price feeds for USDp & sUSDp against USD using DIA, a decentralized & trustless oracle infrastructure. Rationale: One of the main use cases for USDp and sUSDp is their use in lend… --- ## [PGP-33 l Launch Parallel Stablecoins Price Feeds using Redstone](https://gov.parallel.best/t/pgp-33-l-launch-parallel-stablecoins-price-feeds-using-redstone/487)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 4\ **Last updated:** [September 17, 2025, 2:22pm UTC](https://gov.parallel.best/t/pgp-33-l-launch-parallel-stablecoins-price-feeds-using-redstone/487 "2025-09-17T14:22:05Z")
Summary: This proposal aims to launch price feeds for USDp & sUSDp against USD using RedStone, a modular blockchain oracle infrastructure. Rationale: One of the main use cases for USDp and sUSDp is their use in lendin… --- ## [PGP-32 | Parallel Snapshot Subscription](https://gov.parallel.best/t/pgp-32-parallel-snapshot-subscription/485)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 3\ **Last updated:** [August 6, 2025, 12:39am UTC](https://gov.parallel.best/t/pgp-32-parallel-snapshot-subscription/485 "2025-08-06T00:39:15Z")
Summary: This proposal aims to pay the subscription for Snapshot, the Parallel DAO voting platform. Rationale: Snapshot, the platform that Parallel has been using since its launch, recently introduced a mandatory subs… --- ## [PGP-31 | Update Insurance Fund Strategy](https://gov.parallel.best/t/pgp-31-update-insurance-fund-strategy/482)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 7\ **Last updated:** [July 6, 2025, 4:17pm UTC](https://gov.parallel.best/t/pgp-31-update-insurance-fund-strategy/482 "2025-07-06T16:17:34Z")
Summary: This proposal aims to update the Parallel Insurance Fund Strategy in line with ongoing protocol updates. Rationale: Ratified in MIP-28┃Ratify the Parallel Insurance Fund, the Parallel Insurance Fund is a fund… --- ## [PGP-30 l Update DAO Treasury Strategy](https://gov.parallel.best/t/pgp-30-l-update-dao-treasury-strategy/481)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 3\ **Last updated:** [June 26, 2025, 5:23pm UTC](https://gov.parallel.best/t/pgp-30-l-update-dao-treasury-strategy/481 "2025-06-26T17:23:03Z")
Summary: This proposal aims to update the DAO Treasury Strategy following recent protocol updates. Rationale: In line with the recent protocol updates the DAO treasury strategy needs to be updated to support these upd… --- ## [PGP-29 l Marketing & Growth Strategy Phase I](https://gov.parallel.best/t/pgp-29-l-marketing-growth-strategy-phase-i/480)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 5\ **Last updated:** [June 26, 2025, 5:22pm UTC](https://gov.parallel.best/t/pgp-29-l-marketing-growth-strategy-phase-i/480 "2025-06-26T17:22:19Z")
Summary: This proposal aims to launch phase I of the marketing & growth strategy of Parallel, in line with the upcoming Parallel V3 release. Rationale: In line with the introduction of Parallel V3 & USDp, the Parallel… --- ## [PGP-28 l Immunefi Bug Bounty Program](https://gov.parallel.best/t/pgp-28-l-immunefi-bug-bounty-program/478)
**Author:** [@hugo\_immunefi](https://gov.parallel.best/u/hugo_immunefi)\ **Replies:** 5\ **Last updated:** [June 24, 2025, 3:37pm UTC](https://gov.parallel.best/t/pgp-28-l-immunefi-bug-bounty-program/478 "2025-06-24T15:37:19Z")
Summary: This proposal aims to engage Immunefi to provide an always-on, fully managed bounty program with 24/7 managed triage service and one mitigation review for Parallel, for a period of 12 months. Rationale: Web3 … --- ## [PGP-27 l Cooper Labs Service Providing Phase III](https://gov.parallel.best/t/pgp-27-l-cooper-labs-service-providing-phase-iii/471)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 2\ **Last updated:** [May 28, 2025, 4:04pm UTC](https://gov.parallel.best/t/pgp-27-l-cooper-labs-service-providing-phase-iii/471 "2025-05-28T16:04:12Z")
Summary: This proposal aims to renew the Cooper Labs service providing for a third period of 6 months. Rationale: A little less than 8 months after being engaged by the Parallel DAO to contribute to its development, a… --- ## [PGP-26 l Protocol Fees Computation Audit Retroactive Funding](https://gov.parallel.best/t/pgp-26-l-protocol-fees-computation-audit-retroactive-funding/469)
**Author:** [@MimoLabs](https://gov.parallel.best/u/MimoLabs)\ **Replies:** 2\ **Last updated:** [April 30, 2025, 7:46pm UTC](https://gov.parallel.best/t/pgp-26-l-protocol-fees-computation-audit-retroactive-funding/469 "2025-04-30T19:46:56Z")
Summary: This proposal aims to retroactively fund Mimo Labs for the audit of PIP-39 l Protocol Fees Computation Update, following the successful deployment of it. Rationale: Back in November 2024 Cooper Labs detected … --- ## [PGP-25 l Use Definitive for DAO Treasury Operations](https://gov.parallel.best/t/pgp-25-l-use-definitive-for-dao-treasury-operations/467)
**Author:** [@daphne](https://gov.parallel.best/u/daphne)\ **Replies:** 4\ **Last updated:** [April 30, 2025, 7:46pm UTC](https://gov.parallel.best/t/pgp-25-l-use-definitive-for-dao-treasury-operations/467 "2025-04-30T19:46:17Z")
Summary: This proposal aims to use the Definitive Platform for DAO Treasury Operations, including the DAO Treasury and the Insurance Fund. Rationale: DAO Treasury operations, such as token swaps, are currently perform… --- ## [PGP-24 l Update Treasury Strategy](https://gov.parallel.best/t/pgp-24-l-update-treasury-strategy/434)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 8\ **Last updated:** [March 21, 2025, 1:15pm UTC](https://gov.parallel.best/t/pgp-24-l-update-treasury-strategy/434 "2025-03-21T13:15:34Z")
Summary: This proposal aims to update the Parallel treasury strategy in order to follow the latest strategic changes. Rationale: A year ago the MGP-17 was approved by DAO, in line with recent changes of liquidity pool… --- ## [PGP-21 l Cooper Labs Service Providing Phase II](https://gov.parallel.best/t/pgp-21-l-cooper-labs-service-providing-phase-ii/427)
**Author:** [@CooperLabs](https://gov.parallel.best/u/CooperLabs)\ **Replies:** 2\ **Last updated:** [December 16, 2024, 5:52pm UTC](https://gov.parallel.best/t/pgp-21-l-cooper-labs-service-providing-phase-ii/427 "2024-12-16T17:52:08Z")
Summary: This proposal aims to renew the Cooper Labs service providing for a second period of 6 months. Rationale: A little less than 2 months after being engaged by the Parallel DAO to contribute to its development, … --- ## [PGP-23 l Bridging Module Audit Retroactive Funding](https://gov.parallel.best/t/pgp-23-l-bridging-module-audit-retroactive-funding/431)
**Author:** [@MimoLabs](https://gov.parallel.best/u/MimoLabs)\ **Replies:** 4\ **Last updated:** [December 4, 2024, 2:57pm UTC](https://gov.parallel.best/t/pgp-23-l-bridging-module-audit-retroactive-funding/431 "2024-12-04T14:57:05Z")
Summary: This proposal aims to retroactively fund Mimo Labs for the audit of Tunnel, the Parallel Bridging Module, following the successful deployment of it. Rationale: A few weeks ago Cooper Labs introduced Tunnel, t… --- ## [PGP-22 l Onboard Octav for DAO Treasury Tracking](https://gov.parallel.best/t/pgp-22-l-onboard-octav-for-dao-treasury-tracking/430)
**Author:** [@ATTRIUS](https://gov.parallel.best/u/ATTRIUS)\ **Replies:** 3\ **Last updated:** [November 20, 2024, 2:01pm UTC](https://gov.parallel.best/t/pgp-22-l-onboard-octav-for-dao-treasury-tracking/430 "2024-11-20T14:01:30Z")
Summary: This proposal aims to leverage Octav’s tooling for treasury management, accounting, and transparency reporting. Rationale: Octav is a web3 financial data tool that helps turn raw transactions into useful anal… --- ## [MGP-20┃Deploy Onchain Market Making for MIMO on Polygon PoS via Arrakis PALM](https://gov.parallel.best/t/mgp-20-deploy-onchain-market-making-for-mimo-on-polygon-pos-via-arrakis-palm/353)
**Author:** [@rapha](https://gov.parallel.best/u/rapha)\ **Replies:** 3\ **Last updated:** [April 3, 2024, 9:21am UTC](https://gov.parallel.best/t/mgp-20-deploy-onchain-market-making-for-mimo-on-polygon-pos-via-arrakis-palm/353 "2024-04-03T09:21:57Z")
Summary: The proposal aims to deploy onchain market making for the MIMO token on Polygon via Arrakis PALM. Rationale: Currently, the majority of the onchain MIMO liquidity on Polygon PoS is on Balancer, thanks to the … --- ## [MGP-19 | Adjust MIMO Token Inflation Distribution on Ethereum & Polygon PoS](https://gov.parallel.best/t/mgp-19-adjust-mimo-token-inflation-distribution-on-ethereum-polygon-pos/324)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 5\ **Last updated:** [January 25, 2024, 2:35pm UTC](https://gov.parallel.best/t/mgp-19-adjust-mimo-token-inflation-distribution-on-ethereum-polygon-pos/324 "2024-01-25T14:35:30Z")
Summary: This proposal seeks to adjust MIMO token inflation distribution. Rationale: Following MGP-14 & MGP-16, MIMO inflation is now distributed as follow: Ethereum: (80% of MIMO incentives) vMIMO holders: 5% … --- ## [MGP-17┃Update Treasury Strategy - MIMO/wETH Protocol Owned Liquidity Transition](https://gov.parallel.best/t/mgp-17-update-treasury-strategy-mimo-weth-protocol-owned-liquidity-transition/317)
**Author:** [@JeanBrasse](https://gov.parallel.best/u/JeanBrasse)\ **Replies:** 3\ **Last updated:** [December 12, 2023, 3:56pm UTC](https://gov.parallel.best/t/mgp-17-update-treasury-strategy-mimo-weth-protocol-owned-liquidity-transition/317 "2023-12-12T15:56:16Z")
Summary: This proposal aims to modify the Parallel treasury strategy by transitioning the current protocol owned liquidity to a 80/20 MIMO/wETH Balancer pool on Polygon PoS. Rationale: Following the approval of MGP-16,… [Next page](https://gov.parallel.best/c/governance-proposal-pgp/11.md?page=1)