Convert 3F x Steakhouse USDC Morpho Vault 3F-STEAKUSDC to Resupply USD REUSD

3F provides leveraged vault infrastructure for tokenized real-world assets (RWAs). It is built on top of Morpho. 3F allows users to come to the platform to build leveraged positions on institutional-grade RWAs for enhanced yield. Leverage is drawn from 3F-permissioned borrow markets on Morpho. Through this DeFi-native infrastructure, 3F users can gain access to leveraged carry trades, which in the real world, were historically only available to sophisticated investors such as Hedge Funds with prime broker relationships.

A decentralized stablecoin backed by Collateralized Debt Positions (CDP), leveraging the liquidity and stability of lending markets. The Resupply stablecoin is backed by other stablecoins that are earning interest on other lending markets. Designed to maximize yield returns by having the borrow rate always be half the lending rate being earned, half the risk-free rate, or two percent, whichever is greater. Emissions are designed for long-term sustainability by directing at three groups: the insurance pool, voting incentives, and directly at borrowers. The revenue that borrowers generate will directly correlate with the emissions directed towards them. The more revenue a borrower generates for Resupply, the greater the share of emissions it will receive. Targeted platforms for launch are Curve Lend and Fraxlend.