diff --git a/src/adaptors/parallel-protocol-v3/config.js b/src/adaptors/parallel-protocol-v3/config.js
new file mode 100644
index 0000000000..76f64c045f
--- /dev/null
+++ b/src/adaptors/parallel-protocol-v3/config.js
@@ -0,0 +1,24 @@
+const config = {
+  ethereum: {
+    chainName: 'Ethereum',
+    USDp: '0x9B3a8f7CEC208e247d97dEE13313690977e24459',
+    sUSDp: '0x0d45b129dc868963025Db79A9074EA9c9e32Cae4',
+  },
+  base: {
+    chainName: 'Base',
+    USDp: ' 0x76A9A0062ec6712b99B4f63bD2b4270185759dd5',
+    sUSDp: '0x472eD57b376fE400259FB28e5C46eB53f0E3e7E7',
+  },
+  sonic: {
+    chainName: 'Sonic',
+    USDp: '0x08417cdb7F52a5021bB4eb6E0deAf3f295c3f182',
+    sUSDp: '0xe8a3DA6f5ed1cf04c58ac7f6A7383641e877517b',
+  },
+  hyperevm: {
+    chainName: 'hyperevm',
+    USDp: '0xBE65F0F410A72BeC163dC65d46c83699e957D588',
+    sUSDp: '0x9B3a8f7CEC208e247d97dEE13313690977e24459',
+  },
+};
+
+module.exports = { config };
diff --git a/src/adaptors/parallel-protocol-v3/index.js b/src/adaptors/parallel-protocol-v3/index.js
new file mode 100644
index 0000000000..2c00e048a4
--- /dev/null
+++ b/src/adaptors/parallel-protocol-v3/index.js
@@ -0,0 +1,73 @@
+const utils = require('../utils');
+const sdk = require('@defillama/sdk');
+const ethers = require('ethers');
+const { config } = require('./config');
+const BigNumber = require('bignumber.js');
+
+// function getEstimatedAPR is misleading, it returns the estimated APY
+const getEstimatedAPR =
+  'function estimatedAPR() external view returns (uint256)';
+const getTotalAssets = 'function totalAssets() external view returns (uint256)';
+
+const getsUSDpData = async (chain, chainConfig) => {
+  const { chainName, USDp, sUSDp } = chainConfig;
+  let estimatedAPY;
+  let totalAssets;
+  if (chain === 'hyperevm') {
+    const provider = new ethers.providers.JsonRpcProvider(
+      'https://rpc.hyperliquid.xyz/evm'
+    );
+    const abi = [getEstimatedAPR, getTotalAssets];
+    const contract = new ethers.Contract(sUSDp, abi, provider);
+    [estimatedAPY, totalAssets] = await Promise.all([
+      contract.estimatedAPR(),
+      contract.totalAssets(),
+    ]);
+  } else {
+    const api = new sdk.ChainApi({ chain });
+    [estimatedAPY, totalAssets] = await Promise.all([
+      api.call({
+        abi: getEstimatedAPR,
+        target: sUSDp,
+      }),
+      api.call({
+        abi: getTotalAssets,
+        target: sUSDp,
+      }),
+    ]);
+  }
+
+  const tvlUsd = new BigNumber(
+    ethers.utils.formatUnits(totalAssets, 18)
+  ).toNumber();
+  const apyBase = new BigNumber(
+    ethers.utils.formatUnits(estimatedAPY, 16)
+  ).toNumber();
+
+  return {
+    pool: `${sUSDp}-parallel-v3`.toLowerCase(),
+    chain: utils.formatChain(chainName),
+    project: 'parallel-protocol-v3',
+    symbol: 'sUSDp',
+    tvlUsd: tvlUsd,
+    apyBase: apyBase,
+    rewardTokens: [USDp],
+    underlyingTokens: [USDp],
+    poolMeta: 'saving',
+  };
+};
+
+const main = async () => {
+  const markets = [];
+  for (let [chain, data] of Object.entries(config)) {
+    const result = await getsUSDpData(chain, data);
+    markets.push(result);
+  }
+  return markets;
+};
+
+module.exports = {
+  timetravel: false,
+  apy: main,
+  url: 'https://app.parallel.best/earn',
+};