App Coming Soon(ish)!
While we finish getting Resupply ready for launch, get to know the protocol by reading the docs!
A decentralized stablecoin protocol, leveraging the liquidity and stability of lending markets
Supply crvUSD or frxUSD to Curve Lend or Fraxlend, and borrow reUSD! This is re—hippo—thecation for crvUSD & frxUSD!
How it works
Boost your crvUSD and frxUSD yields
Resupply allows you to lend your crvUSD or frxUSD stablecoins through Curve Lend or Fraxlend as you would normally while borrowing reUSD stablecoins using those lending positions as collateral at very attractive rates!
Make your crvUSD or frxUSD work up to 20 times as hard!
Maximized yield with minimal risk
Earn the same yield you would by lending directly on Curve Lend or Fraxlend, and borrow reUSD to use in other yield opportunities, while earning more RSUP rewards. With minimal volatility-related risk because you’re borrowing stablecoins against stablecoins!
Collateral types
Deposit either crvUSD (to be lent in the Curve Lend market of your choice), or frxUSD (to be lent in the Fraxlend market of your choice) as collateral.
Attractive borrowing rates
Borrowing rates for reUSD are calculated to always be attractive. Rates will be the higher of half the market's lending rate, half the sfrxUSD rate, or 2%.
Insurance pool for safety
Resupply’s Insurance Pool is a safety layer that keeps the protocol running smoothly. It serves two purposes:
- It’s a pool of funds used to liquidate users whose borrow+interest balances grow too much compared to their collateral: this is part of normal protocol operations, and the pool earns a fee everytime it’s used this way.
- It serves as a reserve to safeguard the protocol against unforeseen external risks. Should one of the protocol’s approved lending collaterals encounter difficulties, the pool would repay the outstanding reUSD from that distressed collateral and sell off as much of the distressed collateral as possible to offset the losses, thereby averting bad debt for the protocol.
Because the Insurance Pool protects the protocol and its users from external risks, and because users who choose to deposit reUSD in the Insurance Pool accept sharing these risks, a share of the protocol’s revenue is distributed as reUSD to these users as well as RSUP emissions.
Trusted partners
Made by Convex and Yearn, in collaboration with DeFi trusted leaders.
Security
Immutable and non-custodial smart contracts. Reviewed by peers and top security auditors.