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Relend Network
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Relend Network
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Description
Relend Network generates a unique stablecoin for each L1/ L2. rUSDC is backed by lending market collateral and is redeemable for 1:1 for USDC on Ethereum. Relend deploys rUSDC directly into money markets on partner chains, providing local and global price stability modules for redemptions. This model provides a seamless way for users to interact with stable assets across different chains with confidence in backing and liquidity.Relend Vaults
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Description
Relend Vaults integrate with Morpho protocol to generate yields from deposited assets in pre-deposit contracts. Vaults accept various assets including USDC, ETH, cbBTC, and others, providing yield through lending to over-collateralized borrowers. Assets in these vaults contribute to the Global Price Stability Module used to maintain rUSDC liquidity and redemption capacity.Category: Decentralised Borrowing & Lending
Relend Stablecoin Issuance (RUSDC)
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Description
rUSDC implements ERC-7770 token standard for creating chain-specific stablecoins with 1:1 USDC redemption capability. The protocol maintains distinct Local Price Stability Modules for each instance, with a Global PSM to handle redemption demands. This architecture enables localized stablecoin issuance with independent risk management while maintaining system-wide stability.Category: Stablecoin Issuer