Convert Agoras: Tau Net AGRS to Resupply USD REUSD

Agoras is the native currency of Tau, and it’s designed as money you can program. Terms can be attached to the funds themselves, in the same plain language used for account rules. These terms can set how fast it can be spent, what it can be spent on, when it comes back and when it stops existing. For example, you can send 2,000 AGRS that can only be spent at 500 a week, or send funds to a brother so that anything unspent returns after 30 days. You can also send a donation that can only be spent on registered charitable purposes, and that restriction stays with the funds even if they’re passed on. Because the terms travel with the money, they’re enforced wherever it goes, and no one has to remember to follow up.

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.