From 9c31a13a1842792114a4d2ca4f74fef504e05ef0 Mon Sep 17 00:00:00 2001 From: Noah Boisserie <51783223+JeanBrasse@users.noreply.github.com> Date: Mon, 5 Oct 2026 02:00:22 +0400 Subject: [PATCH] docs(prl): supply and burns - PRL index: initial supply 1,000,000,000 with no mint, 544,348,739.47 PRL burned as of 4 October 2026, net supply 455,651,260.53, and a "Supply and burns" section: the dead address, the live supply endpoints, and the governance proposals behind the burns (PGP-37, PIP-65, PGP-40, PGP-42, PGP-45). - PRL factsheet: the Total supply row says the same. Co-Authored-By: Claude Opus 5.5 --- .../parallel-governance-token-prl/index.mdx | 23 +++++++++++++++++-- src/pages/resources/factsheets/prl.mdx | 2 +- 2 files changed, 22 insertions(+), 3 deletions(-) diff --git a/src/pages/governance/parallel-governance-token-prl/index.mdx b/src/pages/governance/parallel-governance-token-prl/index.mdx index bd45e33..60103d9 100644 --- a/src/pages/governance/parallel-governance-token-prl/index.mdx +++ b/src/pages/governance/parallel-governance-token-prl/index.mdx @@ -2,7 +2,8 @@ title: Parallel Governance Token (PRL) — Governance description: >- PRL is the governance token of the Parallel Protocol: an ERC-20 issued on - Ethereum with a fixed one billion supply and no mint, pause or admin function. + Ethereum with a one billion initial supply, no mint, pause or admin function, + and more than half of the supply burned through governance decisions. subtitle: Introducing the Parallel Governance Token --- @@ -13,7 +14,8 @@ PRL is the governance token of the Parallel Protocol, which is a DAO-governed pr * **Name:** Parallel Governance Token * **Symbol:** PRL * **Native blockchain deployed:** Ethereum -* **Total Supply:** 1,000,000,000 +* **Initial supply:** 1,000,000,000, with no mint function +* **Burned:** 544,348,739.47 PRL as of 4 October 2026, so the net supply is 455,651,260.53 PRL ([live total](https://api.parallel.best/public/supply/prl), [live circulating](https://api.parallel.best/public/supply/prl/circulating)). See [Supply and burns](#supply-and-burns). * **Decimals:** 18 * **Permit:** Yes * **Pause function:** No @@ -24,6 +26,23 @@ PRL is the governance token of the Parallel Protocol, which is a DAO-governed pr PRL can be staked for sPRL to get voting power in the governance and receive fee sharing. Learn more [here](/governance/parallel-governance-token-prl/tokenomics). ::: +## Supply and burns + +PRL has no mint function, so its supply can only go down. Burned PRL are sent to the dead address `0x000000000000000000000000000000000000dEaD`, where no one can spend them. The live figures subtract that balance from the initial one billion: + +* total supply: [api.parallel.best/public/supply/prl](https://api.parallel.best/public/supply/prl) +* circulating supply: [api.parallel.best/public/supply/prl/circulating](https://api.parallel.best/public/supply/prl/circulating) + +The DAO committed to burning 50% of the initial supply, 500,000,000 PRL. The burns come from governance decisions: + +* [PGP-37](https://gov.parallel.best/t/pgp-37-l-prl-burn-phase-i/515), PRL Burn Phase I (January 2026): 26,371,873.81 PRL, from bought-back MIMO and past inflation. +* [PIP-65](https://gov.parallel.best/t/pip-65-accelerate-end-of-mimo-to-prl-migration-to-april-15th-2026/533) (April 2026): the 370,925,853.61 PRL left unmigrated when the MIMO to PRL migration closed. +* [PGP-40](https://gov.parallel.best/t/pgp-40-prl-burn-phase-ii/536), PRL Burn Phase II (May 2026): recurring burns of PRL bought back monthly by the DAO Treasury, of PRL received from sPRL1 early-exit penalties, and of PRL bought back with unclaimed PAR. +* [PGP-42](https://gov.parallel.best/t/pgp-42-redirect-sprl-par-distribution-to-prl-buyback-burn/539) (May 2026): for three months, the stakers' PAR distribution funds PRL buybacks and burns. +* [PGP-45](https://gov.parallel.best/t/pgp-45-otc-buyback-burn-of-100m-prl-from-mimo-labs/550) (September 2026): an over-the-counter buyback and burn of 100,000,000 PRL. + +As of 4 October 2026, 544,348,739.47 PRL sit at the dead address, past the 500,000,000 target, for a net supply of 455,651,260.53 PRL. + ## PRL Contract Addresses | Blockchain | Contract Address | diff --git a/src/pages/resources/factsheets/prl.mdx b/src/pages/resources/factsheets/prl.mdx index bbd32fd..b9b78ab 100644 --- a/src/pages/resources/factsheets/prl.mdx +++ b/src/pages/resources/factsheets/prl.mdx @@ -22,7 +22,7 @@ PRL is the governance token of the Parallel Protocol. It replaced MIMO, and stak | Underlying | None. PRL is not pegged; it carries governance rights and fee share when staked | | Issuer | Parallel DAO; contracts built by Cooper Labs | | Native chain | Ethereum | -| Total supply | 1,000,000,000 PRL, fixed. No mint, pause or admin function on the token | +| Total supply | 1,000,000,000 PRL initial supply, with no mint, pause or admin function on the token. 544,348,739.47 PRL were burned by 4 October 2026, so the net supply is 455,651,260.53 PRL; live [total](https://api.parallel.best/public/supply/prl) and [circulating](https://api.parallel.best/public/supply/prl/circulating) supply. See [Supply and burns](/governance/parallel-governance-token-prl#supply-and-burns) | | Decimals | 18 | | Canonical contract (Ethereum) | [0x6c0aeceeDc55c9d55d8B99216a670D85330941c3](https://etherscan.io/address/0x6c0aeceeDc55c9d55d8B99216a670D85330941c3) | | Chains | The token is on 6 chains: Ethereum, Base, Arbitrum, Optimism, Polygon and Sonic. The [PRL contract addresses](/developers-hub/contract-addresses/parallel-v3/prl) page also lists PRL tokenomics contracts on Avalanche and HyperEVM, and a deprecated migration contract on Fantom, none of which carry the token |