Convert Resupply USD REUSD to Wrapped BMX Liquidity Token WBLT

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.

What is the project about? BMX by Morphex is an emerging decentralized exchange on Base, offering spot and perpetual futures trading while requiring only a wallet connection to trade. What makes your project unique? With unique tokenomics, BMX is able to create a strong "flywheel" effect for liquidity providers to further attract more liquidity for traders. History of your project. BMX is a perpetual DEX created by Morphex and deployed on Base. The Morphex team has been working on the original protocol on Fantom since September 2021. What’s next for your project? We aim to become the leading perpetual DEX on Base while also displaying our innovative tokenomics that improve capital efficiency for token holders and liquidity providers. What can your token be used for? Wrapped BLT is the auto-compounding wrapper for BLT, which is an index of blue-chip crypto assets that earns fees from spot and margin trading. With wBLT, you can provide liquidity for BMX-wBLT to earn more rewards.