π Lend. Relend. Repeat. Capital stays on Ethereum mainnet. Credit moves where it's needed. β USDC is deposited on Ethereum β rUSDC is supplied to partner chains β New borrowing demand generates additional yield β Increased yields attract more USDC β More rUSDC is supplied to new chains This is the Relend flywheel.
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Relend USDC Morpho Vault breaks $90M USDC. The road to $1B is clear: - Onboard new chain partners weekly. - Deploy rUSDC into L1/ L2 lending protocols. - Share relending profits with Ethereum LPs. - Supply more rUSDC. This is the credit flywheel π We are currently at less than 1% of our relending capacity π πLend. Relend. Repeat.
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Relend Network is in the Top 30 startups to pitch at /dappconberlin VC Day π Taking over stablecoin markets one chain at a time π See you in Berlin!
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