PARE (PF3D7_0709700) is a membrane-associated serine hydrolase expressed throughout the P. falciparum intraerythrocytic cycle whose native de-esterification activity is co-opted both for lipid metabolism and for antimalarial prodrug activation (PMID:28106035, PMID:41043577). It behaves as a bona fide active-site serine hydrolase in the asexual blood stage, where it is captured by fluorophosphonate activity-based probes in situ (PMID:31772212), and it hydrolyzes ester bonds in a range of substrates in vitro, activating the esterified prodrugs pepstatin esters and MMV011438 through de-esterification (PMID:28106035). Because compound potency depends on this activation step, loss-of-function mutations in PARE confer resistance to pepstatin esters and MMV011438 (PMID:28106035) and to the lindenane sesquiterpenoid dimer chlorajaponilide C (PMID:32970404). Biologically, PARE localizes to the parasite periphery and contributes to hydrolysis of lysophosphatidylcholine (LPC); it is a minor, redundant player in this process, since its disruption alone causes negligible fitness defect and does not impair fatty acid scavenging, whereas combined loss of PARE with XL2 and XLH4 blocks scavenging of choline and fatty acids from LPC and prevents replication when LPC is the sole exogenous fatty acid source (PMID:36189342, PMID:41043577). Beyond these roles in LPC hydrolysis and prodrug activation, no further mechanistic detail for PARE has been characterized in the available corpus.