Relend Network partners with @usualmoney 🤝
We just added the USD0++/ USDC market to our Relend USDC Vault on @MorphoLabs
🌀Relend Network solves liquidity fragmentation of L2s with fractional reserve banking.
Excited to be supporting USD0++ as collateral! Allocating to this market (current APY of 10.7%), increases available liquidity for the Usual community to borrow USDC.
Pre-deposit: Earn RELEND units, MORPHO tokens and APY by supplying the Relend USDC vault👀
🪙What is USD0++?
USD0++ is an enhanced and boosted 4-year DeFi T-bill, secured by a principal locked in USD0 during 4 years, ensuring principal recovery. It allows users to benefit from the growth and success of the protocol. Unlike traditional models, USD0++ not only provides protocol revenues but also distributes ownership of the protocol through its innovative reward mechanisms.
🔜We look forward to early partnership steps with Usual and may be relending their assets once we are live 👀
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