Convert Playboy (ST0x Tokenized Stock) WTPLBY to Resupply USD REUSD

ST0x is a real-world asset tokenisation platform built on Base. It issues onchain representations of listed securities, including equities, exchange-traded funds and commodity trusts. Each token is backed one-to-one by the underlying security held at a regulated broker with insolvency protection, rather than by synthetic or derivative exposure. The core system is VATS, the Verifiable Asset Token System. wtPLBY is the wrapped, freely transferable representation of Playboy, Inc. (NASDAQ: PLBY), and it can be held, transferred and traded onchain at any hour rather than only during exchange trading hours.

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.