Convert Resupply USD REUSD to Plutus SYK PLSSYK

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.

PlutusDAO provides liquidity in many forms. Our main products are and have been Liquid staking derivatives, plsASSETs. Plutus SYK (plsSYK), specifically, is a plsASSET that provides a liquid staking option for Stryke's xSYK - a gauge controlling and yield bearing version of their Stryke token, SYK. With plsSYK you can enjoy 88% of the underlying yield of xSYK, plus a protocol owned compounding part, while staying liquid. There is a plsSYK/SYK -pool that Plutus buys back from and compounds yield.