Resupply USD(REUSD)

Overview

Resupply USD (REUSD) is a decentralized stablecoin issued through Collateralized Debt Positions (CDPs), designed to draw on the liquidity and stability of lending markets. Its collateral consists of stablecoin-based assets that are already earning interest in other lending markets, with Curve Lend and Fraxlend cited as the targeted platforms at launch.

The borrow rate is set to whichever is greatest: half the lending rate being earned, half the risk-free rate, or two percent. Token emissions are directed at three groups — the insurance pool, voting incentives, and borrowers — with each borrower's share scaling in proportion to the revenue they generate for the protocol.