Convert Resupply USD REUSD to Steakhouse Confidential Prime USDC STEAKCUSDC

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.

Steakhouse Confidential Prime USDC (steakcUSDC) is the share token of a Morpho Vault v2 on Ethereum curated by Steakhouse Financial. The vault generates yield by lending USDC against blue-chip collateral such as cbBTC, WBTC and wstETH through Morpho's lending infrastructure. Depositors deposit Confidential USDC (cUSDC, an ERC-7984 token whose balances are encrypted using fully homomorphic encryption) via app.zama.org, and ownership is represented through confidential vault shares.