Convert Fidelity USD Digital Liquidity Fund-Acc FILQ-A to Resupply USD REUSD

The Fidelity USD Digital Liquidity Fund (FILQ) seeks to invest in a diversified range of short-term instruments with the aim of maintaining capital value and liquidity whilst producing a return to the investor in line with money market rates, delivered through a regulated, tokenised fund structure. FILQ tokens are issued on supported public blockchains, currently on Ethereum. The net asset value (NAV) of the fund is calculated daily and published on chain in a consistent manner across all supported chains at the same time, using a leading independent oracle provider.  Fidelity USD Digital Liquidity Fund (FILQ) is not available to U.S. persons or to persons in any jurisdiction where access or distribution would be contrary to applicable law or regulation.

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.