root
@0xtheroot
Cofounder @relend_network
Relending Money Market Liquidity to L1s and L2s.
ID: 1451475845730783254
22-10-2021 09:10:14
156 Tweet
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The Relend mechanism is now live โ and working. Borrowing demand on Swell ๐โ๏ธโs L2 is generating additional yield for USDC depositors in the Morpho ๐ฆ Relend vault on Ethereum mainnet. View article: x.com/relend_networkโฆ
๐ค Relend Network partners with Liquidity.Land ๐ค ๐We are kicking things off with a 25% RELEND unit boost on deposits into our Relend USDC Vault on Morpho ๐ฆ ๐ Duration: 60 days - boost does not expire. Current TVL: $90M+ ๐Liquidity Land is the portal to higher rewards.
๐ฃ๏ธIn a major milestone for modular DeFi, Relend Network has deployed $10M rUSDC into HyperEVMโs money markets. ๐ฅThis marks the first time a Morpho ๐ฆ Vault on Ethereum is supplying a Morpho Vault on another chain, unlocking stablecoin credit exactly where borrowing demand