# sUSDp is Live on Purrlend

*sUSDp is now available as collateral on Purrlend on HyperEVM with borrowing incentives on USDC and USDT0.*

By [Parallel](https://blog.parallel.best) · 2026-03-26

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**What’s Happening**
====================

sUSDp is now live on [Purrlend](https://app.purrlend.io/), a lending protocol native to HyperEVM. RedStone powers the price feeds for sUSDp on Purrlend, ensuring reliable and secure oracle infrastructure.

This integration opens a new yield layer for sUSDp holders: you can now use your yield-bearing USDp as collateral to borrow stablecoins directly on HyperEVM.

**What You Can Do**
===================

**Deposit sUSDp as collateral → Borrow USDC or USDT0**

sUSDp carries its own native yield (currently ~7%+ APY from Parallel protocol fees), which continues to accrue even while it sits as collateral. Stack that with borrowing incentives and you get a compounding dollar-denominated return.

Parallel is incentivizing borrows of both **USDC** and **USDT0** against sUSDp collateral via [Merkl](https://app.merkl.xyz/), meaning borrowers on Purrlend will earn additional rewards on top of the base strategy.

**E-Mode: Maximum Capital Efficiency**
======================================

sUSDp on Purrlend supports **E-Mode (Efficiency Mode)**, which significantly boosts borrowing power for correlated assets within the same category.

  

  

**Standard**

**E-Mode**

Max LTV

60%

**90%**

Liquidation Threshold

80%

93%

Liquidation Penalty

10%

**4%**

  

With E-Mode enabled, you can borrow up to **90%** of your sUSDp collateral value, versus 60% in standard mode. The liquidation penalty also drops from 10% to 4%, making the position meaningfully safer. For a yield-bearing stablecoin like sUSDp, this level of capital efficiency is hard to match.

To activate it, simply enable E-Mode from your Purrlend dashboard.

**Why Purrlend**
================

Purrlend is a lending market on HyperEVM, a high-performance EVM chain. It offers a clean and direct borrowing experience for HyperEVM users. Adding sUSDp as a collateral asset brings a yield-bearing, decentralized stablecoin into the mix, one that doesn’t sit idle while locked.

RedStone’s oracle infrastructure ensures that sUSDp’s value is tracked accurately on-chain, providing a robust and manipulation-resistant price feed for the market.

**How to Get Started**
======================

1.  **Get sUSDp**: Mint USDp at [app.parallel.best](http://app.parallel.best) and stake it for sUSDp, or bridge from another chain.
    
2.  **Go to Purrlend**: Head to [app.purrlend.io](http://app.purrlend.io) on HyperEVM.
    
3.  **Deposit sUSDp as collateral**: Supply your sUSDp to the Purrlend market.
    
4.  **Borrow USDC or USDT0**: Earn borrowing incentives from Parallel on top of your existing sUSDp yield.
    

**The Bigger Picture**
======================

HyperEVM is becoming a home for sUSDp liquidity. Each new integration adds a layer of capital efficiency: your stablecoin works harder without leaving the ecosystem.

sUSDp earns 90% of all fees generated by the protocol’s backing: no external strategies, no rehypothecation, just clean native yield. Using it as collateral on Purrlend means you capture that yield _and_ unlock liquidity at the same time.

**This is what modular DeFi looks like in practice.**

**About Purrlend**
==================

Purrlend is a lending market on HyperEVM, a high-performance EVM chain. It offers a clean and direct borrowing experience for HyperEVM users.

[X](https://x.com/purrlend) I [DApp](http://purrlend.io) I [Docs](https://purrlends.gitbook.io/purrlend)

**About Parallel**
==================

Parallel is a Capital-efficient, modular, over-collateralized & decentralized stablecoins protocol. Backed by yield-generating correlated assets.

[**DApp**](https://app.parallel.best/) I [**Discord**](https://discord.com/invite/parallel) I [**X**](https://x.com/ParallelMoney) I [**Docs**](https://docs.mimo.capital/parallel-protocol)

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*Originally published on [Parallel](https://blog.parallel.best/susdp-is-live-on-purrlend)*