Relend Network USDC (HyperEVM)Price

(RUSDC-HYPER)

rUSDC-HYPER is an overcollateralized, partner-branded stablecoin from Relend Network, specifically deployed on the HyperEVM blockchain. The broader Relend Network aims to alleviate stablecoin liquidity shortages across various Layer 1 and Layer 2 blockchains. It achieves this by supplying rUSDC into their respective DeFi ecosystems, acting as a crucial component for fostering robust lending markets. It's designed to be a stable digital asset within the HyperEVM environment.

The primary objective of rUSDC-HYPER and the Relend Network is to establish and enhance liquidity, particularly within lending markets, across various Layer 1 and Layer 2 blockchain networks. By introducing rUSDC, the network seeks to increase the available credit supply in these decentralized finance (DeFi) ecosystems. This initiative aims to stimulate growth and efficiency in borrowing and lending activities, supporting the overall health and functionality of partner blockchain environments.

rUSDC is engineered to maintain a 1:1 redemption ratio with USDC, ensuring its stability. This peg is achieved through a robust mechanism involving overcollateralization and the strategic implementation of both local and global Price Stability Modules (PSMs). A key component is the Global PSM, which is managed on Morpho. Its role is to replenish or "top up" instance-specific PSMs as required, ensuring consistent stability across the network and safeguarding the value of rUSDC.

rUSDC-HYPER tokens are actively utilized within the HyperEVM ecosystem. They can be traded on decentralized exchanges, with HyperSwap V3 identified as a prominent platform for such activities. Beyond trading, rUSDC-HYPER also plays a functional role on HyperBeat, where it can be borrowed. Furthermore, users can provide liquidity using rUSDC for various pairs on HyperSwap, contributing to the platform's liquidity pools and overall ecosystem functionality.

To add rUSDC-HYPER to your crypto wallet, first ensure your wallet is configured for the HyperEVM network. Navigate to the cryptocurrencies section or the "add token" function within your wallet interface. Select "Import tokens" or a similar option. You will then need to input the smart contract address for Relend Network USDC (HyperEVM), which is `0x9ab96a4668456896d45c301bc3a15cee76aa7b8d` for the HyperEVM network. Your wallet should automatically populate the token symbol (rUSDC-HYPER) and decimals.

Pre-deposit vaults are a mechanism offered by Relend Network that accepts various digital assets, such as ETH, cbBTC, xAUM, USDT, and USDC. Participants in these vaults can earn competitive interest rates by utilizing Morpho vaults, alongside receiving Morpho tokens and RELEND Units as rewards. A key advantage is the flexibility to withdraw funds at any given time. Crucially, these pre-deposit funds automatically contribute to and supply the Global PSM once the Relend Network officially launches, supporting the network's stability mechanisms from inception.