Convert Chilean Peso WCLP to Resupply USD REUSD

wCLP is a fully collateralized stablecoin pegged 1:1 to the Chilean peso (CLP). Issued and governed by a Ripio subsidiary, it brings CLP on-chain so Chileans and global users can transact, save, and build on decentralized networks in their local currency. Backed by Ripio’s since-2013 track record in LATAM, wCLP enables faster, cheaper CLP transfers, FX and remittance flows, DeFi trading and lending, and seamless on/off-ramps and payments without leaving the CLP unit of account.

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.