What is OpenVPP?

OpenVPP is a decentralized payment and tokenization layer aimed at the electric utility industry, focused on modernizing energy payments and integrating distributed energy resources such as electric vehicles, solar panels, batteries, and smart thermostats. The system is described as providing regulatory-compliant on-chain infrastructure for accounting, usage tracking, and payments, using 24/7 stablecoin-based settlement to support automated processes and micropayments. It also includes a decentralized integration layer for DERs, described as “DNS for DERs,” using standardized APIs.

OpenVPP’s stack is described as comprising three components: a stablecoin payments layer with direct stablecoin integration, the DER integration layer, and gas abstraction via OAuth-based secure wallet access. The description states it operates with 175,000 deployed devices and that OpenVPP 2.0 is live on the Base blockchain, along with an OpenVPP World Beta dApp that maps connected vehicles to Base NFTs. The OVPP token is stated to have a total supply of 1 billion and to be used for gas fee payments, utility program participation, network governance, and ecosystem incentives.