Convex Finance partners with Yearn Finance to launch stablecoin protocol Resupply
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2024-12-19 11:03 7,689
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According to news on December 19, Convex Finance, a one-stop platform for CRV staking and liquidity mining, cooperated with Yearn Finance to launch the decentralized stablecoin protocol Resupply. Resupply will provide a built-in leverage cycle function directly in the protocol, allowing users to select the desired lending market and target leverage amount. Through Resupply, users can lend stablecoins to earn base lending fees and borrow reUSD to explore other DeFi strategies or manage daily expenses. In addition, users can use borrowed reUSD to supply more stablecoins to selected lending markets, thereby leveraging their positions to reduce liquidation risk.