We’re excited to announce that Parallel V3 is now live on Avalanche, bringing USDp and sUSDp (staked USDp) to one of the fastest ecosystems in crypto. This deployment includes the Parallelizer (mint/redeem), Savings (stake/unstake), Bridging & Flashloan Modules on Avalanche, enabling native minting, redemption, and yield from day one.
At launch, Parallel is joined by a set of partners that deepen utility and liquidity across Avalanche: Silo, MEV Capital, Gami Capital, UpShift (via Gami), OpenOcean, KyberSwap, Balancer, and Spectra.
Native mint & redeem: The Parallelizer Module is deployed on Avalanche, enabling users to mint and burn USDp at oracle price with Avalanche-resident collateral.
Savings (sUSDp): The Savings Module is live; stake USDp to sUSDp to capture real yield sourced from USDp’s on-chain backing on Avalanche.
Bridging: The Bridging Module connects Avalanche with other Parallel-supported networks, enabling canonical mint/burn bridging of USDp (and supported assets) and operational rebalancing across chains—exposed via simple, integrator-friendly interfaces.
Flashloans: The Flashloan Module provides instant, atomic access to USDp liquidity on Avalanche for arbitrage, liquidations, and rebalancing—executed within a single transaction, with parameters (e.g., fees/limits) governed by the DAO.
Contracts & explorers: USDp, sUSDp, and all core module contracts are published with Snowscan references in the official docs. (See Developers Hub → Addresses → USDp → Avalanche in the Parallel Documentation)
Liquidity & routing: With Balancer on Avalanche and active aggregator support via KyberSwap and OpenOcean, USDp can be traded, routed, and composed throughout the ecosystem from day one.
Lending & vaults: sUSDp is live as collateral on Silo (Avalanche). Alongside mevUSDC curated by MEV Capital, this opens immediate integration paths for USDp/sUSDp markets and vault strategies.
Avalanche is an ideal venue for Parallel’s modular and multi-chain design. The DAO formally approved the Avalanche rollout of the Parallelizer & Savings Modules (PIP-52), completing the “full deployment” required for native minting and savings on the network.
Mint USDp on Avalanche
Head to the mint page on the Parallel app → https://app.parallel.best/mint then select Avalanche, and mint USDp.Stake to sUSDp
Stake USDp to sUSDp to earn yield that comes from the protocol’s on-chain backing on Avalanche. Do it directly on the earn page → https://app.parallel.best/earnPut your USDp to work
Trade via KyberSwap or OpenOcean for best execution and routing.
Provide liquidity in pools
Access lending & vaults through Silo (including mevUSDC curated by MEV Capital & Gami Capital): https://app.silo.finance/markets/avalanche/susdp-usdc-153?action=information
Parallel is a capital-efficient, modular, over-collateralized & decentralized stablecoins protocol. Backed by yield generating correlated assets.