A decentralized stablecoin protocol, leveraging the liquidity and stability of lending markets. A subDAO protocol of Convex Finance and Year
Introducing the Hippo Creator Pod: Earn Up to 25,000 RSUP Tokens Monthly!
The Resupply ecosystem is about to get a whole lot more creative! We're thrilled to announce the launch of our brand-new Hippo Creator Pod rewards program – a six-month initiative designed to celebrate and reward the amazing content creators who help spread the word about the Resupply protocol.What is the Hippo Creator Pod?The Hippo Creator Pod is our way of saying "thank you" to the creative minds who bring the Resupply story to life. Whether you're a seasoned content creator or ju...
Introducing the Hippo Creator Pod: Earn Up to 25,000 RSUP Tokens Monthly!
The Resupply ecosystem is about to get a whole lot more creative! We're thrilled to announce the launch of our brand-new Hippo Creator Pod rewards program – a six-month initiative designed to celebrate and reward the amazing content creators who help spread the word about the Resupply protocol.What is the Hippo Creator Pod?The Hippo Creator Pod is our way of saying "thank you" to the creative minds who bring the Resupply story to life. Whether you're a seasoned content creator or ju...
Community Update: What’s Been Happening at Resupply
The past month has been an active one for Resupply, with key releases and upgrades helping shape an exciting path ahead. Here’s a quick overview of the highlights, with links for those who want to dive deeper:Savings reUSDsreUSD (Savings reUSD) has been developed, audited, and deployed. Its launch and integration with broader defi will be a top priority on Resupply's roadmap. sreUSD goes beyond a standard ERC-4626 vault. It introduces a system for applying an “off-peg boost”. The off-peg...
Community Update: What’s Been Happening at Resupply
The past month has been an active one for Resupply, with key releases and upgrades helping shape an exciting path ahead. Here’s a quick overview of the highlights, with links for those who want to dive deeper:Savings reUSDsreUSD (Savings reUSD) has been developed, audited, and deployed. Its launch and integration with broader defi will be a top priority on Resupply's roadmap. sreUSD goes beyond a standard ERC-4626 vault. It introduces a system for applying an “off-peg boost”. The off-peg...
Resupply crvUSD-wstUSR Market Post Mortem
SummaryA sophisticated exploit against Resupply's crvUSD-wstUSR pair created $10M of reUSD bad debt.The vulnerability was unique to that specific pair. No other pairs are affected, and all Resupply markets continue to operate as usual.The protocol guardian has set the debt limit to 0 on the affected pair and paused insurance pool withdrawals, with a formal governance vote required to unpause.The exploit flow involved inflation of the CurveLend collateral shares, but differed from a class...
Resupply crvUSD-wstUSR Market Post Mortem
SummaryA sophisticated exploit against Resupply's crvUSD-wstUSR pair created $10M of reUSD bad debt.The vulnerability was unique to that specific pair. No other pairs are affected, and all Resupply markets continue to operate as usual.The protocol guardian has set the debt limit to 0 on the affected pair and paused insurance pool withdrawals, with a formal governance vote required to unpause.The exploit flow involved inflation of the CurveLend collateral shares, but differed from a class...
Prisma Shutdown & Transition Plan
With the passing of PIP-46, Prisma governance has confirmed the shutdown of Prisma Finance and the introduction of Resupply Finance. This post outlines the required actions and roadmap for Prisma users who retain open loans, farming positions, or holdings to ensure a smooth transition. Each phase requires on-chain governance actions. Read carefully to understand how they may impact existing positions.Key Action Items for Users📌 Close all open borrow positions promptly in Phase 2 to avoid exc...
Prisma Shutdown & Transition Plan
With the passing of PIP-46, Prisma governance has confirmed the shutdown of Prisma Finance and the introduction of Resupply Finance. This post outlines the required actions and roadmap for Prisma users who retain open loans, farming positions, or holdings to ensure a smooth transition. Each phase requires on-chain governance actions. Read carefully to understand how they may impact existing positions.Key Action Items for Users📌 Close all open borrow positions promptly in Phase 2 to avoid exc...
Resupply: A decentralized stablecoin protocol, leveraging the liquidity and stability of lending markets.
Overview Resupply, which was developed jointly as a new SubDAO of Convex Finance and Yearn Finance, is a decentralized stablecoin protocol that introduces reUSD, a groundbreaking stablecoin backed by collateralized debt positions (CDPs) and powered by the liquidity and stability of lending market vault tokens. What makes reUSD unique is its foundation: it’s a stablecoin backed by yield-bearing lending pool tokens. These tokens are essentially stablecoins that generate fees from different lend...
Resupply: A decentralized stablecoin protocol, leveraging the liquidity and stability of lending markets.
Overview Resupply, which was developed jointly as a new SubDAO of Convex Finance and Yearn Finance, is a decentralized stablecoin protocol that introduces reUSD, a groundbreaking stablecoin backed by collateralized debt positions (CDPs) and powered by the liquidity and stability of lending market vault tokens. What makes reUSD unique is its foundation: it’s a stablecoin backed by yield-bearing lending pool tokens. These tokens are essentially stablecoins that generate fees from different lend...
