Convex Finance and Yearn Finance Collaborate to Launch Stablecoin Protocol Resupply
2024-12-19 11:04:15 Primitive Reading

　On December 19th, it was announced that the CRV staking and liquidity mining platform, Convex Finance, has partnered with Yearn Finance to launch the decentralized stablecoin protocol, Resupply. Resupply will offer an integrated leveraged loop function within the protocol, allowing users to choose their desired borrowing and lending markets and target leverage amounts. Through Resupply, users can lend stablecoins to earn basic 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 the selected lending market, thereby reducing their liquidation risk.

Disclaimer: This specification is preliminary and is subject to change at any time without notice. Amazon Finance assumes no responsibility for any errors contained herein.

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