Convert holoride RIDE to Resupply USD REUSD

holoride takes everyday journeys and transforms them into hyper-immersive experiences by combining car data, extended reality, and blockchain technology in the most intelligent way. The RIDE token will power holoride’s partner network, enabling its participants to capture the value created. The RIDE token is being built on top of the proprietary core technology of holoride and it will supercharge holoride’s in-experience economy by creating sustainable engagement value for passengers. RIDE will be essential for building a vibrant and sustainable economy for the holoride ecosystem, connecting car manufacturers, content creators, brands, and passengers and enabling them to capture value along the way. holoride will become the transportation company for the Metaverse as it now embarks on this exciting phase of its journey. It does so with the intention of not just disrupting and reimagining an existing category of in-car entertainment, but creating an entirely new one.

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.