According to Foresight News, the one-stop platform for CRV staking and liquidity mining, Convex Finance, has partnered with Yearn Finance to launch a decentralized stablecoin protocol called Resupply. Resupply will directly provide built-in leveraged looping functions within the protocol, allowing users to choose the desired lending market and target leverage amount. Through Resupply, users can lend stablecoins to earn base lending fees and borrow reUSD to explore other DeFi strategies or manage daily expenses. Additionally, users can use the borrowed reUSD to supply more stablecoins to their chosen lending market, thereby utilizing their position to reduce liquidation risk.
Its governance token RSUP has no supply limit and has a planned inflation schedule. The circulation of RSUP will be used for three main categories: voting incentives, insurance pool, and CDP (borrower). The allocation ratio can be adjusted through governance voting, with the initial allocation ratio being: 50% for voting incentives, 25% for insurance pool, and 25% for CDP.
