๐ Introducing the Relend Network stack!
Relend enables vault curators on @MorphoLabs to relend their Mainnet assets into other L2 lending markets ๐
Our first deployment is LIVE, supplying $15M of Relend USDC (rUSDC-stark) to @Starknet via the @Re7Labs rUSDC pool on @Vesuxyz ๐ฐ
โจrUSDC-stark is joining the DeFi Spring initiative by @StarknetFndn.
This boosts liquidity on Starknet and offers additional relend APY to Morpho vault suppliers, on top of their regular lending APY ๐ฅ
๐ก Opportunities for Users:
1๏ธโฃ Mint rUSDC-stark with USDC, bridge it to Starknet, and profit from DeFi Spring incentives by supplying rUSDC/USDC liquidity to @EkuboProtocol.
2๏ธโฃ Supply USDC to our Relend USDC Vault on Morpho and earn extra relend APY from lending on Vesu, in addition to the current yield on Morpho.
3๏ธโฃ @Vesuxyz users gain higher stablecoin borrow liquidity ๐ธ
Learn how the rUSDC relend system works here:
๐Relend Docs https://t.co/SVYR8EXHDv
๐ Introducing the Relend Network stack!
Relend enables vault curators on @MorphoLabs to relend their Mainnet assets into other L2 lending markets ๐
Our first deployment is LIVE, supplying $15M of Relend USDC (rUSDC-stark) to @Starknet via the @Re7Labs rUSDC pool on @Vesuxyz ๐ฐ
โจrUSDC-stark is joining the DeFi Spring initiative by @StarknetFndn.
This boosts liquidity on Starknet and offers additional relend APY to Morpho vault suppliers, on top of their regular lending APY ๐ฅ
๐ก Opportunities for Users:
1๏ธโฃ Mint rUSDC-stark with USDC, bridge it to Starknet, and profit from DeFi Spring incentives by supplying rUSDC/USDC liquidity to @EkuboProtocol.
2๏ธโฃ Supply USDC to our Relend USDC Vault on Morpho and earn extra relend APY from lending on Vesu, in addition to the current yield on Morpho.
3๏ธโฃ @Vesuxyz users gain higher stablecoin borrow liquidity ๐ธ
Learn how the rUSDC relend system works here:
๐Relend Docs https://t.co/SVYR8EXHDv
๐ข 2 days to go!
Join @realYaronVelner's talk at @dappcon_berlin discussing how a smart contract risk manager can automate economic risk management, enhance transparency, minimize the human factor, and align risk management processes with the DeFi ethos.
๐ May 22, 3:15pm Main Hall