Convert SwanUSD SWANUSD to Resupply USD REUSD

swanUSD is a decentralised stablecoin created using Monolith, a permissionless stablecoin infrastructure protocol that enables the creation of collateral-backed stablecoins. swanUSD is collateralized by wrapped staked Ether (wstETH), with its design intended to provide a stable digital asset for use within decentralised finance (DeFi). The project is part of the SwanDAO ecosystem, where SWAN serves as the governance token responsible for governing swanUSD. Users can explore swanUSD liquidity and trading activity through its USDC trading pool on Curve Finance. The project aims to make collateral-backed stablecoin infrastructure accessible within the wider DeFi ecosystem, allowing users to interact with swanUSD through supported decentralised markets and applications.

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.