Parallel Protocol PRL

• Token holders$6K13.5%
• Kept by protocol$28K61.1%
• Liquidity providers and other suppliers$12K25.4%

Revenue minus holder revenue is what the protocol or its treasury kept; fees minus revenue went to liquidity providers, lenders or other suppliers.

Parallel Protocol V2

Holder revenue The 15% of the fees for PRL holders since 1 May 2025, 0 before, measured at the fee source as that share of the day's fees. It is passed on to PRL stakers (sPRL1, sPRL2) through the RewardMerkleDistributor, and read from the FeeDistributor's payees. Under PGP-42, from 25 May to 31 August 2026, the DAO Treasury received that 15% to buy PRL back and burn it: a buyback funded by the fees, counted here at the fee source. September 2026, paid to PRL stakers by hand by the DAO Treasury on 1 October 2026, counts as staking rewards. The buybacks the DAO Treasury pays from its own holdings are not counted.

Revenue The fees without the Insurance Fund's 20%: the shares the FeeDistributor mints to the DAO Treasury and to the PRL stakers' payee, 80% of the fees. Revenue is protocol revenue plus holders revenue.

Parallel Protocol V3

Holder revenue None: the surplus share kept by the protocol goes to the DAO Treasury. The Treasury's PRL buybacks are not counted here. Those funded by the PRL holders' share of Parallel V2 fees under PGP-42 are counted at that fee source, in Parallel V2's holders revenue; the others are paid from the Treasury's holdings (the PGP-40 monthly allocation, the PGP-45 OTC buyback).

Revenue DAO Treasury share of net surplus accrual, on both lines: 9% before June 1, 2026, and 10% thereafter (the 1% previously paid to Angle Labs is redistributed to the DAO after the BUSL 1.1 license expires).