Convex and Yearn Launch Resupply Protocol with Yield-Bearing Stablecoin reUSD

馃 Stablecoins That Make Money

By Convex Finance
Jan 6, 2025, 5:17 PM
twitter

Resupply, a new stablecoin protocol from Convex and Yearn, introduces $reUSD - a stablecoin backed by yield-bearing stablecoins.​

Key features:

  • Collateral earns yield while borrowing
  • Borrow rates set at half the lending rate
  • Multiple reward streams: $RSUP, $CRV, and $CVX
  • Peg maintained through redemption mechanism

Users can:

  • Supply to insurance pool
  • Provide liquidity on Curve
  • Use for yield farming
  • Stake $RSUP for governance rights

$PRISMA, $cvxPRISMA, and $yPRISMA holders can convert to vesting $RSUP.​

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Read more about Convex Finance

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