Everything you need to know about Resupply Fi, reUSD borrowing, and how to get started on Curve Lend and Fraxlend markets.
Resupply Fi is a decentralized protocol that lets you supply crvUSD or frxUSD as collateral on Curve Lend and Fraxlend markets and borrow reUSD stablecoin. You earn collateral rewards while paying a variable borrow APR, making it possible to achieve a net positive yield on your position.
To borrow reUSD on Resupply Fi, connect your Web3 wallet (MetaMask, WalletConnect, or Coinbase Wallet), choose a lending market from the table, supply crvUSD or frxUSD as collateral, and borrow reUSD. The entire process happens on-chain on the Ethereum network.
RSUP is the native governance token of Resupply Fi. Holders can vote on protocol proposals, participate in governance decisions, and earn rewards through the Insurance Pool and liquidity programs. RSUP aligns incentives between the protocol and its community.
As with all DeFi protocols, Resupply Fi carries smart contract risk, oracle risk, and liquidation risk if the value of your collateral falls below the required threshold. Resupply Fi is built on audited Curve Lend and Fraxlend infrastructure to minimize these risks, but users should always do their own research and only risk funds they can afford to lose.
reUSD is the native stablecoin minted by Resupply Fi when users borrow against their crvUSD or frxUSD collateral. It is designed to maintain a 1:1 peg to the US dollar and is backed by blue-chip stablecoin collateral. Unlike algorithmic stablecoins, reUSD is fully collateralized and benefits from the security of established lending markets.
