FAQ

What is Relend Network?

Relend Network solves stablecoin liquidity shortages across L2s by supplying rUSDC to their DeFi ecosystems.

rUSDC - a new stablecoin for each chain, allowing for an increase in credit supply to bring stablecoin TVL from assets such as ETH, staked ETH, BTC, LP tokens etc.

How do I join the Relend Network community?

Website: https://relend.network/

Twitter: https://x.com/relend_network

Telegram: https://t.me/relend_network

What are the main features of Relend Network?

rUSDC - Scalable credit supply.

Money Multiplier - Increases total money in the economy.

CDP stablecoin with additional PSM backing to ensure 1:1 rUSDC:USDC redemptions on Ethereum mainnet. Additionally, a Global PSM is held on Morpho, used to top up instance PSMs as needed.

What is the benefit of depositing into the pre-deposit vaults?

APY, Morpho tokens, RELEND Units

Leading up launch, depositors will accrue competitive interest rates through Morpho vaults.

After Relend Network launches, pre deposit participants automatically supply the Global PSM.

What can I deposit into the pre-deposit vaults?

Currently the pre-deposit vaults accept ETH, cbBTC, xAUM, USDT and USDC.

Can I withdraw from the pre-deposit vaults?

Yes, funds can be withdrawn from vaults at any time based on Morpho's standard terms.

What happens with my assets in the pre-deposit vaults?

Assets in Morpho vaults are lent out to over-collateralised borrowers who return funds + interest to the vault.

How are assets in the pre-deposit contract secured?

Security of Morpho is the highest priority, with over 23 audits by crypto's most renowned security firms.

See audits: https://docs.morpho.org/security-reviews/

Does Relend Network have a token

$R will launch shortly after Relend Network goes live.