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