At DePIN Day Singapore, Fluence and Parasail unveiled something the decentralized compute ecosystem has been waiting for — a crypto-native payment layer that connects compute, liquidity, and on-chain value.
Parasail founder Sylvan Zhang showcased a live demo of a collateral-backed stablecoin built in partnership with Fluence Network. The goal: make payments for decentralized compute services native, frictionless, and truly on-chain.
How It Works
Users can open a vault, deposit FLT tokens or their liquid-staking equivalent (aFLT), and mint a stablecoin directly from that collateral.
An on-chain oracle provides live price feeds to maintain the peg and trigger liquidations if needed — similar to MakerDAO’s CDP model, but tailored for DePIN economics.
“This is not a USDT or USDC clone,” Sylvan explained.
“It’s an algorithmic, crypto-collateralized stablecoin — governed fully on-chain.”
During the demo, Parasail showed how collateral is added, reflected in real-time on-chain, and used to mint new stablecoins. These assets can then be used to pay for GPU and CPU services within the Fluence console — the first native economic loop between decentralized compute and its users.
Why It Matters
The new stablecoin unlocks a direct feedback cycle:
- FLT holders can earn yield by locking their tokens as collateral.
- Fluence users can pay for compute using a native stable asset instead of external tokens.
- The network itself gains a sustainable on-chain economy — revenue, staking, and liquidity tied together.
With over 30 million FLT staked since last year’s launch, the next evolution of Fluence’s token economy is now taking shape — one that could redefine how DePIN networks handle payments.
A Milestone for DePIN
This demo marks the first time a DePIN project introduced a crypto-native payment system fully backed by its own network token.
If successful, it could become the template for decentralized resource markets across compute, bandwidth, and storage.
“It’s the first time any DePIN project can settle transactions fully inside its own ecosystem,” Sylvan said.
