SGR 133: sUSDp-31JUL26

Gauge Request Presentation:

Targeted Pair: LP-sUSDp-31JUL26 (Maturity July 31, 2026)

Pool Contract Address: 0xaad365d97418452b4f9d046f4f2468349d680587

IBT Contract Address: 0x9d92c21205383651610f90722131655a5b8ed3e0

Current TVL on in the Pair’s liquidity: $1

Current TVL as IBT: $1.7M

X Link: Parallel

Chain : Avalanche

Simple summary:

This proposal suggests adding a gauge for the sUSDp-31JUL26 pool. sUSDp is the interest-bearing token for USDp, the Parallel V3 USD stablecoin. Parallel is a scalable, over-collateralized & decentralized stablecoin protocol. Stablecoins are backed by yield generating correlated assets.

The protocol consists of a decentralized price-stability module where you mint/burn USDp at oracle price (not 1:1) against correlated assets without any cooldown. Generated yield by backing of the stablecoin is distributed to stablecoin stakers.

Currently a USD stablecoin, called USDp is deployed across 16 chains:

USDp: Parallel USD Stablecoin

sUSDp: Staked USDp (4626), receive yield from the stablecoin backing

The Parallel DAO treasury currently owns 2.6M veSPECTRA (in sdSPECTRA) and plan to use them to vote for the gauge.

Benefits of this integration for Parallel:

Additional Yield: More sustainable yield opportunities for USDp token holders.

Increased TVL: Boost in TVL supply, opportunity to get PT-sUSDp as collateral in Avalanche lending protocols (such as Silo).

Project Visibility: Enhanced visibility within the DeFi space.

Benefits of this integration for Spectra:

Higher TVL: Increase in tokenized and AMM TVL, opportunity to get PT-sUSDp as collateral in Avalanche lending protocols.

Yield Diversification: Broader yield options for users.

Platform Visibility: Greater exposure for Spectra.

Bribe Opportunities: Potential for bribes to benefit veSPECTRA token holders.

Metrics:

Parallel:

TVL: $4.78m

Twitter: 1.4k

Discord: 1.5k

Telegram: 3.0k