Resupply Community Update: The past few month has been active for Resupply. Shipping major upgrades, security enhancements, and yield primitives setting the stage for an exciting next phase:
Blog Post: https://t.co/DiZdQDTBsp
Leverage guardrails have been removed from the Resupply frontend, enabling access to higher leverage. This unlocks greater flexibility; however, users are encouraged to manage risk responsibly.
incredible achievement given the circumstances. lots to be grateful for.
but @ResupplyFi is purpose-built for this era of stablecoins. strengthened by trust from users, real revenue, and an unreal community.
more to come.
motivation at all-time highs. onward!
Resupply’s $10M bad debt has been paid in full.
$8.8M in bad debt associated with the recent exploit was initially paid off.
The remaining $1.13M has been covered by a loan secured from @yearnfi and will be gradually repaid using protocol revenue generated from Convex and Yearn Finance’s staked $RSUP positions.
This officially brings the last of the bad debt to zero.
A quick look into the market movements surrounding $CVX
Going to break down a few things, like why I believe it is pumping, what are all of those Jump Capital accumulating screenshots about and what they actually mean, and some alfa on who's actually moving the price
🧵⬇️
Meet our coin of the week - $CVX
@ConvexFinance is a DeFi protocol built on top of @CurveFinance and other DEXs, designed to optimize yield for users. This week, its native token surged by over 35%, becoming the 137th largest token by MC.
Trade $CVX now 👉 https://t.co/TK19CbAUfr
#convexfinance #cryptotrading #defi #curve
The Resupply Retention Program is now officially live. 2.5M $RSUP tokens will be streamed over 52 weeks to Insurance Pool depositors that were slashed in Phase 1 and remain staked. Rewards can now be claimed on the UI.
Two New Resupply Proposals
1. Savings reUSD ($sreUSD) a new DEFI building block
Introduce savings reUSD, a new ERC-4626 staking vault which aims to grow $reUSD demand, reward long-term holders, and improve peg stability through a dynamic fee mechanism based on reUSD’s peg.
Link: https://t.co/TCwArlDZKZ
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