Relend Network
@relendnetwork
💡 Relend Network's CDP-based stablecoins for a multi-L2 world! Stablecoins are the backbone of DeFi, but deploying them across multiple Ethereum L2s presents unique challenges—liquidity fragmentation, risk contagion, and inefficiencies in cross-chain stability. Relend introduces a hybrid CDP-based stablecoin model combining risk isolation with shared stability. Each L2 gets its own liquidUSD-L2name stablecoin, backed by lending market collateral and USDC. 🟦 Risk Isolation: If one L2 fails, the rest remain unaffected—no systemic contagion. 🟦 Composability: Strong L2 instances reinforce the ecosystem rather than compete with it. 🟦 Efficient Liquidity: Users can mint & redeem stablecoins seamlessly with 1:1 USDC redemptions. 🟦 Scalable Credit: Native stablecoin minting on each L2 enables efficient capital deployment.
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Relend Network
@relendnetwork
🧠 How it works: Relend features two key stability modules: ⚡ Local Price Stability Module (LPSM): A USDC-backed vault ensures that each L2’s stablecoin maintains a 1:1 peg with USDC. 🌐 Global Price Stability Module (GPSM): A Morpho Vault that supports liquidity when LPSMs need reinforcement. If one L2 suffers, risk curators can stop lending to it—keeping the rest of the system secure. Unlike MakerDAO (DAI), which shares risk across all chains, and Liquity V2 (BOLD), which isolates instances without shared benefits, Relend combines the best of both. The future of stablecoins is here. Secure, scalable, and interoperable across all Ethereum L2s. Read the full details: https://root-relend.medium.com/relend-network-a-new-approach-to-multi-l2-cdp-based-stablecoins-19cd5ec24641
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