Gauge Request Presentation:

• Targeted Pair: LP-sUSDp-23JAN2026 (Maturity January 23th 2026)
• Pool Contract Address: 0x83311b49ec86f6f937431b9a99bf295ceb90ca5c
• IBT Contract Address: 0x9b3a8f7cec208e247d97dee13313690977e24459
• Current TVL on in the Pair’s liquidity: $20k
• Current TVL as IBT: $20k
• Twitter Link: Parallel
• Chain : HyperEVM

Simple summary:

This proposal suggests adding a gauge for the sUSDp-23JAN2026 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 3.1M veSPECTRA (in sdSPECTRA) and plan to use them to vote for the gauge.

Mimo Labs, a contributor to the Parallel protocol owns 5.0M veSPECTRA (in sdSPECTRA), as well as 2.5M liquid SPECTRA. They plan to use them to vote for the pool if the gauge is approved.

Benefit 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 HyperEVM lending protocols.
• Project Visibility: Enhanced visibility within the DeFi space.

Benefit of this integration for Spectra:

• Higher TVL: Increase in tokenized and AMM TVL, opportunity to get PT-sUSDp as collateral in HyperEVM 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: $2.8m
  • Twitter: 1.1k
  • Discord: 1.3k
  • Telegram: 3.3k

*Vote Specification:

• Yes, create a gauge
• No, do not create a gauge
• Abstain