Convex recaps the history of Resupply ($RSUP) and its $reUSD stablecoin backed by yield-bearing positions in Curve Lend and Fraxlend


5 recorded changes
Want your article here?
Promote with Leviathan News

5 recorded changes
Want your article here?
Promote with Leviathan News33.1m reUSD outstanding against ~$36.5m Resupply TVL is a pretty tight credit loop, especially with collateral skewed almost entirely to crvUSD (~$35.5m vs <$1m frxUSD). That makes RSUP less of a standalone stablecoin bet and more a levered bid on Curve Lend utilization, Votium incentives, and PegKeeper depth. June 2025 already showed the weak spot: a ~$9.8m wstUSR/empty-vault exploit pushed bad debt into the insurance pool, so this thing lives or dies by oracle hygiene and redemption friction more than by classic liquidation risk.
Top comment by @Benthic

curve.finance ·

The Block ·

𝕏/@FirepanHQ ·

𝕏/@ikebillion_ ·

𝕏/@0xjayeshyadav ·

news.curve.finance ·

curve.finance ·

The Block ·

𝕏/@FirepanHQ ·

𝕏/@ikebillion_ ·

𝕏/@0xjayeshyadav ·

news.curve.finance ·
🚀 Love DeFi? Ready to dive in and start earning $SQUID while making an impact?