# sUSDp is Live on Purrlend

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

**Published by:** [Parallel](https://blog.parallel.best/)
**Published on:** 2026-03-26
**URL:** https://blog.parallel.best/susdp-is-live-on-purrlend

## Content

What’s HappeningsUSDp is now live on Purrlend, 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 DoDeposit 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, meaning borrowers on Purrlend will earn additional rewards on top of the base strategy.E-Mode: Maximum Capital EfficiencysUSDp on Purrlend supports E-Mode (Efficiency Mode), which significantly boosts borrowing power for correlated assets within the same category. StandardE-ModeMax LTV60%90%Liquidation Threshold80%93%Liquidation Penalty10%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 PurrlendPurrlend 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 StartedGet sUSDp: Mint USDp at app.parallel.best and stake it for sUSDp, or bridge from another chain.Go to Purrlend: Head to app.purrlend.io on HyperEVM.Deposit sUSDp as collateral: Supply your sUSDp to the Purrlend market.Borrow USDC or USDT0: Earn borrowing incentives from Parallel on top of your existing sUSDp yield.The Bigger PictureHyperEVM 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 PurrlendPurrlend is a lending market on HyperEVM, a high-performance EVM chain. It offers a clean and direct borrowing experience for HyperEVM users. X I DApp I DocsAbout ParallelParallel is a Capital-efficient, modular, over-collateralized & decentralized stablecoins protocol. Backed by yield-generating correlated assets. DApp I Discord I X I Docs

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