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Convex Finance collaborates with Yearn Finance to launch stablecoin protocol Resupply.
On December 19th, it was reported that CRV stake and Liquidity Mining one-stop platform Convex Finance has partnered with Yearn Finance to launch the decentralized stablecoin protocol Resupply. Resupply will directly provide built-in leverage cycling functionality in the protocol, allowing users to choose the desired borrowing market and target leverage amount. Through Resupply, users can borrow stablecoins to earn underlying borrowing fees, and borrow reUSD to explore other Decentralized Finance strategies or manage daily expenses. In addition, users can use the borrowed reUSD to supply more stablecoins to the selected borrowing market, thereby utilizing their position to drop liquidation risk.