Overview
Resupply is a decentralized stablecoin protocol. Depositors supply crvUSD or frxUSD to battle tested lending markets (Curve Lend, Curve Lend v2, Fraxlend), borrow reUSD against that collateral, and keep earning the underlying lending yield. reUSD is backed 1:1 by these stablecoin denominated positions.
How Resupply works
Borrowers earn the lending market's yield on their collateral while paying a borrow rate which is always at least half the lending rate, half the sfrxUSD "risk-free" rate or 2%, whichever is greater.
Revenue (borrow interest + redemption fees) is routed to a fee deposit and split every week: 70% to RSUP stakers, 15% to sreUSD stakers, 10% to the Insurance Pool, and 5% to the Treasury.
RSUP emissions are directed by governance at voting incentives, the insurance pool, and directly at borrowers.
The revenue that borrowers generate will directly correlate with the emissions directed towards them. The more revenue a borrower generates for Resupply, the greater the share of emissions it will receive.
Last updated