Relend Network
@relendnetwork
Relend Network partners with @usual 🤝 We just added the USD0++/ USDC market to our Relend USDC Vault on @Morpho 🌀Relend Network solves liquidity fragmentation of L2s with fractional reserve banking. Excited to be supporting USD0++ as collateral! Allocating to this market (current APY of 10.7%), increases available liquidity for the Usual community to borrow USDC. Pre-deposit: Earn RELEND units, MORPHO tokens and APY by supplying the Relend USDC vault👀 🪙What is USD0++? USD0++ is an enhanced and boosted 4-year DeFi T-bill, secured by a principal locked in USD0 during 4 years, ensuring principal recovery. It allows users to benefit from the growth and success of the protocol. Unlike traditional models, USD0++ not only provides protocol revenues but also distributes ownership of the protocol through its innovative reward mechanisms. 🔜We look forward to early partnership steps with Usual and may be relending their assets once we are live 👀
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Relend Network
@relendnetwork
USD0++ / USDC market: https://app.morpho.org/market?id=0xb48bb53f0f2690c71e8813f2dc7ed6fca9ac4b0ace3faa37b4a8e5ece38fa1a2&network=mainnet&morphoPrice=0.0 Relend USDC vault: https://app.morpho.org/vault?vault=0x0F359FD18BDa75e9c49bC027E7da59a4b01BF32a&network=mainnet Pre-deposit details: https://medium.com/relend-network/relend-network-pre-deposit-vaults-live-on-morpho-614bcd686f84
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