Convert Lends LENDS to Resupply USD REUSD

Lends is an all-in-one decentralised finance platform encompassing borrowing, lending, swapping, saving, and peer-to-peer order books. Lends is the flagship lending app on Thorchain with over $140M+ TVL and 300,000 unique users. Through the platform, Thorchain's native ecosystem users utilize access to decentralized finance products including 0% interest, and no liquidation loans founded on an overcollateralized model based on burning instead of interest accrual.

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.