Following the DAO’s approval of PIP-51, the protocol has launched USDp, a decentralized USD stablecoin built on Parallel V3, alongside Savings USDp (sUSDp), its native and yield-bearing staked version.

sUSDp introduces a stable, onchain savings primitive governed by the DAO. It is designed to provide sustainable and protocol-native yield without relying on third-party strategies or composability risks.

With sUSDp, holders can earn real yield on their stablecoins by simply staking USDp into the protocol’s Savings Module. sUSDp captures 70% of the protocol fees generated by the USDp codebase in the Parallelizer, Bridging, and Flash loan modules, making it the primary beneficiary of USDp’s onchain activity.

sUSDp accrues value over time (block by block) through a simple ERC-4626 token. The tokens remain liquid and usable across DeFi, as collateral, in integrations, or in transfers.

• Stake USDp → receive sUSDp

• sUSDp increases in value as yield is earned

• Yield comes from protocol activity (no external dependencies)

• Deposits and withdrawals are fee-free and available at any time

Unlike wrapped yield-bearing assets, there is no slippage, no additional layers, and no hidden exposure. sUSDp is native to the protocol and secured by audited contracts.

sUSDp is currently deployed on:

• Ethereum

• Base

• Sonic

• HyperEVM

The yield rate is managed by a keeper mechanism. Cooper Labs and Mimo Labs will initially act as keepers, ensuring timely and secure rate adjustments aligned with the protocol’s revenues.

You can stake USDp and start earning sUSDp directly at app.parallel.best/earn.

With sUSDp, Parallel introduces a foundational layer for onchain USD savings, combining protocol-native yield, seamless UX, and DAO-governed resilience. As the ecosystem expands across chains and integrations, sUSDp stands to become a core component of Parallel’s new infrastructure.

DApp I Discord I X I Docs

Following the DAO’s approval of PIP-51, the protocol has launched USDp, a decentralized USD stablecoin built on Parallel V3, alongside Savings USDp (sUSDp), its native and yield-bearing staked version.

sUSDp introduces a stable, onchain savings primitive governed by the DAO. It is designed to provide sustainable and protocol-native yield without relying on third-party strategies or composability risks.

With sUSDp, holders can earn real yield on their stablecoins by simply staking USDp into the protocol’s Savings Module. sUSDp captures 70% of the protocol fees generated by the USDp codebase in the Parallelizer, Bridging, and Flash loan modules, making it the primary beneficiary of USDp’s onchain activity.

sUSDp accrues value over time (block by block) through a simple ERC-4626 token. The tokens remain liquid and usable across DeFi, as collateral, in integrations, or in transfers.

• Stake USDp → receive sUSDp

• sUSDp increases in value as yield is earned

• Yield comes from protocol activity (no external dependencies)

• Deposits and withdrawals are fee-free and available at any time

Unlike wrapped yield-bearing assets, there is no slippage, no additional layers, and no hidden exposure. sUSDp is native to the protocol and secured by audited contracts.

sUSDp is currently deployed on:

• Ethereum

• Base

• Sonic

• HyperEVM

The yield rate is managed by a keeper mechanism. Cooper Labs and Mimo Labs will initially act as keepers, ensuring timely and secure rate adjustments aligned with the protocol’s revenues.

You can stake USDp and start earning sUSDp directly at app.parallel.best/earn.

With sUSDp, Parallel introduces a foundational layer for onchain USD savings, combining protocol-native yield, seamless UX, and DAO-governed resilience. As the ecosystem expands across chains and integrations, sUSDp stands to become a core component of Parallel’s new infrastructure.

DApp I Discord I X I Docs