Convert Ripe DAO Governance Token RIPE to Resupply USD REUSD

Ripe Protocol is an onchain credit protocol for borrowing against tokenized assets, with tokenized stocks as its primary focus. Users deposit collateral and borrow GREEN, an overcollateralized stablecoin pegged to the US dollar. GREEN is minted against the user's collateral when they borrow and burned when they repay. There is no lender on the other side of a loan, so borrowing settles in seconds without a bank, a credit check, or a sale of the underlying position. Ripe is live on Base and Robinhood Chain. Tokenized stocks, including SpaceX, Nvidia, Tesla, Apple, Google, and GameStop, serve as collateral priced by Chainlink equity feeds, alongside crypto assets, stablecoins, and yield-bearing positions. The protocol brings a practice long used by wealthy investors, borrowing against a portfolio instead of selling it, to anyone holding tokenized stock: deposit the shares, borrow dollars against them, and keep both the position and its upside. Everything a user deposits backs a single loan, with borrowing terms set per asset. The protocol is open source and has been audited by ChainSecurity and Anatomist.

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.