Convert ApeXit Finance APEX to Resupply USD REUSD

ApeXit is a Solana on-chain risk management tool that enables the end-user to instantly close spot holdings over the Solana ecosystem in a tap. The platform aggregates all DEXes, LPs and tokens that a user may have associated with their non-custodial wallets and immediately allows them to get out of all their positions on a single operation. On current crypto volatile markets, apeXit aims to be the fastest and most convenient solution for the user to swap all Solana-based tokens to USDC, a stable usd-pegged cryptocurrency.

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.