ResupplyResupply 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...
ResupplyIntroducing 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...
ResupplyResupply: A decentralized stablecoin protocol, leveraging the liquidity and stability of lending mar…
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...
A decentralized stablecoin protocol, leveraging the liquidity and stability of lending markets. A subDAO protocol of Convex Finance and Year
ResupplyResupply 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...
ResupplyIntroducing 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...
ResupplyResupply: A decentralized stablecoin protocol, leveraging the liquidity and stability of lending mar…
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...
A decentralized stablecoin protocol, leveraging the liquidity and stability of lending markets. A subDAO protocol of Convex Finance and Year
Subscribe to Resupply
Subscribe to Resupply
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
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.
📌 Close all open borrow positions promptly in Phase 2 to avoid excessive interest rates.
📌 Claim all unclaimed PRISMA emissions before Phase 3 to avoid forfeiture.
📌 Break vePRISMA locks during the snapshot period (Dec 18 - TBD) to maximize conversion value.
✅ COMPLETE
Debt ceilings set to 0 on all trove managers.
mkUSD distributions to lockers ceased.
New emissions to cease on January 2, 2025 at 00:00 UTC.
📅 Target date: January 3rd | follow Resupply for updates
As outlined in PIP-47, launch two Peg Stability Modules (PSMs) along with a UI:
mkUSD PSM
ULTRA PSM
📌 Action Required: Close open borrow positions promptly. Delaying until Phase 3 will result in interest rates spiking to 50% to encourage all open loans to close.
📅 Target date: January 10th | follow Resupply for updates
Sunset all trove managers – interest rates will immediately increase to 50%.
Boost calculator updated to return 0 on all claims:
This will eliminate all unclaimed PRISMA.
Failure to claim will result in forfeiture of unclaimed emissions and loss of their value in RSUP.
📌 Action Required: Claim all PRISMA emissions before Phase 3 begins. All unclaimed PRISMA rewards with be forefeited.
📅 Target date: TBD after Resupply launch | follow Resupply for updates
Transfer of Prisma fee receiver assets to the Resupply Treasury (excluding PRISMA tokens, which will be burned).
Transfer of Prisma governance ownership to Resupply governance.
This phase marks the final transition into Resupply operations.
📌 Action Required: If you own a vePRISMA lock, ensure you break it within the designated time window. Failure to do so within the specified times will disqualify you from having your lock break penalty reimbursed. More info:
Lock break window opened: December 18th, 00:00 (UTC)
Lock break window closes one week afterthe protocol is launched.
PRISMA received from lock-breaking will be convertible to a vest via Merkle claim at the standard PRISMA:RSUP rate.
Refunds will be vested under the same terms as all ordinary conversions.
For further updates about the Prisma to Resupply transition plan, please stay tuned to the twitter and discord.
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.
📌 Close all open borrow positions promptly in Phase 2 to avoid excessive interest rates.
📌 Claim all unclaimed PRISMA emissions before Phase 3 to avoid forfeiture.
📌 Break vePRISMA locks during the snapshot period (Dec 18 - TBD) to maximize conversion value.
✅ COMPLETE
Debt ceilings set to 0 on all trove managers.
mkUSD distributions to lockers ceased.
New emissions to cease on January 2, 2025 at 00:00 UTC.
📅 Target date: January 3rd | follow Resupply for updates
As outlined in PIP-47, launch two Peg Stability Modules (PSMs) along with a UI:
mkUSD PSM
ULTRA PSM
📌 Action Required: Close open borrow positions promptly. Delaying until Phase 3 will result in interest rates spiking to 50% to encourage all open loans to close.
📅 Target date: January 10th | follow Resupply for updates
Sunset all trove managers – interest rates will immediately increase to 50%.
Boost calculator updated to return 0 on all claims:
This will eliminate all unclaimed PRISMA.
Failure to claim will result in forfeiture of unclaimed emissions and loss of their value in RSUP.
📌 Action Required: Claim all PRISMA emissions before Phase 3 begins. All unclaimed PRISMA rewards with be forefeited.
📅 Target date: TBD after Resupply launch | follow Resupply for updates
Transfer of Prisma fee receiver assets to the Resupply Treasury (excluding PRISMA tokens, which will be burned).
Transfer of Prisma governance ownership to Resupply governance.
This phase marks the final transition into Resupply operations.
📌 Action Required: If you own a vePRISMA lock, ensure you break it within the designated time window. Failure to do so within the specified times will disqualify you from having your lock break penalty reimbursed. More info:
Lock break window opened: December 18th, 00:00 (UTC)
Lock break window closes one week afterthe protocol is launched.
PRISMA received from lock-breaking will be convertible to a vest via Merkle claim at the standard PRISMA:RSUP rate.
Refunds will be vested under the same terms as all ordinary conversions.
For further updates about the Prisma to Resupply transition plan, please stay tuned to the twitter and discord.
No activity yet