Convert VNX British Pound VGBP to Resupply USD REUSD

VGBP (VNX British Pound) is a fully regulated stablecoin referencing pound sterling. The token is issued by VNX Global Ltd., which is licensed to conduct digital asset business activities under a Class M digital assets business licence issued by the Bermuda Monetary Authority. Each VGBP token is designed to be fully backed 1:1 by pound sterling and redeemable against the underlying pound sterling reserve.

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.