Convert Charli3 C3 to Resupply USD REUSD

Charli3 is the first decentralized oracle being built on Cardano. This allows Charli3 to have all the benefits of existing successful oracle protocols, while having the flexibility of a much more agile blockchain backbone. Charli3 finds a niche within the Cardano ecosystem. By being native to Cardano’s blockchain, it will have the lowest barrier to entry for functioning as the standard decentralized oracle of all Cardano based projects. The added benefit of being on Cardano’s blockchain includes agility of the network, and being in a low transaction fee environment. While these advantages may seem subtle, the growth of any decentralized oracle relies on it’s adoption. Charli3 will be the clear choice for any project building on the Cardano Blockchain.

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.