Relend Network solves stablecoin liquidity shortages for L2s. Lend. Relend. Repeat.
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๐ฆRelend joins the Circle Alliance Program๐ฆ Our Global Price Stability Module on @morpho currently holds over $70M USDC. Relend provides stablecoin liquidity for partner chains like @swellnetworkio and @starknet. Why Circle? - Transparency - Institutional Trust and Partnerships - Fiat-Backed with Full Redeemability This makes USDC the ideal asset for relending. Lend. Relend. Repeat ๐
Relend Network is in the Top 30 startups to pitch at /dappconberlin VC Day ๐ Taking over stablecoin markets one chain at a time ๐ See you in Berlin!
๐ Introducing the Relend Network stack! Relend enables vault curators on @morpho to relend their Mainnet assets into other L2 lending markets ๐ Our first deployment is LIVE, supplying $15M of Relend USDC (rUSDC-stark) to @starknet via the @re7 rUSDC pool on @vesuxyz ๐ฐ โจrUSDC-stark is joining the DeFi Spring initiative by the Starknet Foundation. This boosts liquidity on Starknet and offers additional relend APY to Morpho vault suppliers, on top of their regular lending APY ๐ฅ
๐ rUSDC surfing into @swellnetworkio ๐ Deploying soon on @euler with liquidity on @VelodromeFi๐ง ๐ณ Swell City Rewards ๐ณ rUSDC lenders on Euler and LPs on Velodrome accrue Wavedrops. Excited to scale stablecoin liquidity for Swellchain assets ๐